Risk Warning: Trading in the foreign exchange (Forex) market carries high risks as it involves trading on margin, and this type of investment may not be suitable for all investors.
#USA #stocks were mixed on Tuesday, with the Dow Jones Industrial Average building on Monday’s all-time closing high after solid retail sales data bolstered expectations that the U.S. Federal Reserve is close to easing interest rates. The S&P 500 also rose, but mega-cap growth stocks, led by Nvidia Corp (NASDAQ) and Microsoft Corp (NASDAQ), pulled […]
Dow notches record closing high, small caps surge on rate cut bets Read More »
Federal Reserve Governor Adriana Kugler stated on Tuesday that recent data indicates inflation will continue to decline toward the U.S. central bank’s 2% target. She cited a faster reduction in price pressures in recent months, moderation in wage growth, and an emerging balance between the demand for workers and the number of job seekers.
Fed’s Kugler says recent data indicates inflation headed to 2% target Read More »
The dollar rose on Tuesday, marking its second consecutive daily gain, after retail sales data exceeded expectations. Although the data was firmer than anticipated, it remained soft enough to maintain expectations for a Federal Reserve rate cut this year. U.S. retail sales were flat in June, surpassing the expectations of economists polled by Reuters,
Dollar rises on retail sales boost Read More »
Global stock indexes mostly remained positive, and the U.S. dollar held its gains on Tuesday following strong U.S. retail sales data, which signaled resilience in the economy. Retail sales data showed no change in June from May, with May’s figures being higher than initially estimated. The strength of the economy, as indicated by these
Stocks, dollar bask in US data afterglow, rate cuts eyed Read More »
Rocket company SpaceX will relocate its headquarters from California to Starbase, Texas, CEO Elon Musk announced on Tuesday in a post on X. Musk cited California’s new bill banning school transgender notification policies as a key reason for the move, referring to it as the “last straw.” “Because of this law and the many
Musk says SpaceX will move headquarters to Texas from California Read More »
Oil prices settled over 1% lower on Tuesday, marking the third consecutive day of losses, as concerns over a slowing Chinese economy weighed on demand. However, declines were limited by growing consensus that the U.S. Federal Reserve could start cutting its key interest rate as early as September. Brent futures closed down $1.12, or 1.3%,
Oil prices decline over 1% on Chinese demand jitters Read More »
Bitcoin’s price continued its decline on Thursday, driven by selling pressure from Bitcoin mining operators, Mt. Gox refunds, and actions by the German state of Saxony. However, a crypto expert told Investing.com that the ongoing downtrend could be “a bear trap.” Why is Bitcoin’s price on a downtrend? The defunct Mt. Gox exchange remains
Bitcoin price decline likely ‘a bear trap’ says crypto expert Read More »
Gold prices rose in Asian trading on Thursday, benefiting from a weaker dollar and declining Treasury yields amid growing speculation about potential U.S. interest rate cuts ahead of key inflation data. The yellow metal maintained some gains this week, supported by reports of several central banks in emerging markets increasing their gold reserves.
Gold prices advance, rate cuts in focus as CPI data looms Read More »
Apple (NASDAQ) will open its tap-and-go mobile payments system to competitors, according to an announcement by EU antitrust regulators on Thursday. This decision concludes a four-year-long investigation that could have resulted in a substantial fine for the iPhone maker. Apple’s move to settle the EU antitrust probe is notable, as the company has
Apple to let rivals use tap-and-go payment, staves off EU antitrust fine Read More »
European shares advanced on Wednesday, driven by corporate earnings, though gains were limited by weak oil and metal prices. Investors also awaited Federal Reserve Chair Jerome Powell’s second day of testimony for more insights on interest rates. By 0815 GMT, the pan-European STOXX 600 rose 0.2%, with real estate shares climbing over 1%. Gains
European shares rise as earnings take centre stage; Powell’s comments on tap Read More »