"The data is still very, very strong. The Fed keeps raising rates; it hasn't had an impact. Until it has an impact, we'll keep chugging along," Steve Eisman said.
i m monica business report. i m monica miller. let s start injapan wishes they have opened higher following gains from us stocks. the recent slide in the japanese yen is also encouraged investors to buy. they are taking part of their cue from wall street which closed to positive territory. the tech heavy nasdaq is currently on plays for is best first half and four decades following the 2022 slump. the optimism came as the data for durable goods eased unexpectedly. while consumer confidence rose to a 70 month high. the solid numbers will likely pave the way for the us federal reserve to hike interest rates when the central bank meets injuly. one listed company is not seeing that stock rally, that is the electric truck maker lourdes town motors. their shares are down over 17% after the company filed for bankruptcy and accused foxconn of not