Gold surges on mixed US data, increased Fed rate cut speculation – FXStreet
Gold rose 1% on Friday and is on track to end the week up 0.20%. US PPI data is slightly better than expected, suggesting inflation is falling but stalling above target, while UoM consumer sentiment highlights concerns over rising costs of living I'm doing it. Despite rising U.S. Treasury yields, with the 10-year note rising […]
Boeing to cut 17,000 workers amid strike
Boeing plans to cut 10% of its workforce, or about 17,000 jobs, CEO Kelly Ortberg announced Friday. The airline also announced that deliveries of the 777X aircraft will be delayed until 2026 and production of the 767 freighter will cease in 2027. “Our business is in a difficult situation, and the challenges we face together […]
Dollar Extends Weekly Gaining Trend as Traders Trim Fed Cut Bets – Yahoo Finance
(Bloomberg) — Traders are pushing the dollar toward a second straight week of gains as they anticipate a slowing pace of interest rate cuts by the U.S. Federal Reserve. Most Read Articles on Bloomberg The Bloomberg Dollar Spot Index rose 0.5% this week, even as some other central banks consider further monetary easing to support […]
GOP to Cut Ad of Harris Saying ‘Not a Thing’ She Would Change
Republicans will use Vice President Kamala Harris' comments against him for new ad spending, Axios reported Wednesday. The ad aims to highlight Harris as an anti-reform candidate. of view At the time, he said he could not think of a single policy change from the past four years under the Biden-Harris administration. Under his administration, […]
Migrant Who Threatened to ‘Cut Off’ Woman’s Fingers in Robbery ID’d as Tren de Aragua
An illegal immigrant who allegedly threatened to cut off a woman's finger during a brutal robbery in Texas has been identified as a member of the Venezuelan gang Torren de Aragua, a report said. dallas police say Wilmar Colmenares Gonzalez, a 27-year-old undocumented immigrant from Venezuela, was the ringleader of a group of undocumented immigrants […]
Fed minutes show big rate cut favored by ‘substantial majority’
At the September central bank meeting, a “substantial majority” of Federal Reserve officials supported starting an era of monetary easing with a deep half-point rate cut. But just-released minutes of the two-day meeting suggest there was broader agreement that the initial action did not commit the Fed to a specific pace of future interest rate […]
The NZDUSD continued the fall that started last week after the RBNZ rate cut. What next? – ForexLive
NZDUSD traded to a 2024 high last week (8 business days ago). The high reached 0.63778. It traded at a low of 0.60516 today after trading 50 basis points above the cut rate. This is 327 pips in one trading day. Technically, the decline seen in today's trading has pushed the price below a cluster […]
Gold price drops for sixth straight day as Fed Minutes hint at 25 bps cut – FXStreet
Gold fell after Fed minutes revealed that a “substantial majority” supported a 50bps rate cut, while some supported a 25bps rate cut. According to the CME FedWatch tool, as expectations for a rate cut increase, the probability of a 25 basis points cut has fallen to 75.9%. The yield on the US 10-year Treasury note […]
Trump blasts ‘60 Minutes’ for deceptive cut of Kamala Harris interview
In a week punctuated by disastrous interviews, Kamala Harris' interview with Bill Whitaker on CBS News' “60 Minutes'' was perhaps her biggest train wreck. The full, unedited version of the vice president's conversation with Bill Whitaker turned out to be actually much worse than what the sympathetic network ultimately released. Broadcast decision Monday evening. President […]
Eagles cut Pro Bowl linebacker Devin White without playing a snap for team
All-Pro linebacker and Super Bowl winner Devin White just hit the free agent market without playing a single game after being cut by the Philadelphia Eagles. White signed a one-year, $4 million contract with $3.5 million guaranteed this offseason, but the Eagles apparently didn't think he could play a role on the team despite his […]