Disappointing July jobs data raises expectations for a Fed rate cut in September
Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, recently joined a discussion to evaluate how investors perceive the market after conflicting employment reports. The recent employment data has led the market to increasingly anticipate interest rate cuts by the Federal Reserve at their upcoming meeting in September. This change follows the Federal Open […]
Changes to labor statistics by Trump raise concerns about upcoming economic data
The dismissal of a member from President Trump’s Bureau of Labor Statistics (BLS) committee has raised flags regarding the potential for bias in upcoming economic reporting. Concerns are brewing, particularly about whether Trump’s replacements might tailor the role to align with his interests. Traditionally, this position is held by experts who remain nonpartisan across administrations. […]
Gold price update for Monday, August 4: Gold starts above $3,400 following labor data revision
Gold Futures Update Gold futures opened at $3,416.60 on Monday, marking a 2.1% increase from Friday’s closing of $3,347.70. It’s interesting to note that since July 23, 2025, gold hasn’t gone above $3,400. The uptick in gold’s pricing seems to be tied to employment data released last Friday. It indicated an increase of 258,000 jobs […]
Charles Payne Reacts Strongly to ‘Outdated’ Economic Data After Trump Dismisses BLS Chief
Economic Data Criticism by Fox Business Host On Monday, Fox Business host Charles Payne criticized the recent economic data released by the Bureau of Labor Statistics (BLS), labeling it as “bad” and “outdated.” He supported President Trump’s decision to dismiss the head of the agency. Following Trump’s dismissal of Erika Mentarfer, the Labor Statistics Commissioner, […]
Data expert claims President Trump is the most influential president of this century
Trump’s Influence Marked by Tariffs and Immigration Policies CNN analyst Harry Enten stated recently that Donald Trump is arguably the most impactful U.S. president of this century, largely due to his actions on tariffs and immigration. He noted, “It’s the best since the 1930s.” Last year, a mere 2% was recorded, and this segment is […]
Worries about electricity expenses rise as demand for more AI data centers increases
Many Americans are noticing a spike in their electricity bills as tech firms vie for power to fuel data centers supporting artificial intelligence. The Trump administration has recently revealed an AI Action Plan, which aims to expedite the approval process for energy-heavy data centers. During the announcement, President Trump recognized the increasing demand for electricity […]
USD/JPY Price Prediction: Drops more than 2% due to disappointing US data, falls below 147.50
USD/JPY falls from 150.91 to 147.28 following weak non-farm payroll data. The pair dips below both the 200-day and 20-day SMA, with a bearish RSI. Key support is seen at 145.71, where the 50 and 100-day SMAs intersect. USD/JPY is set to close the week down by 0.18%. This drop follows an employment report in […]
Riot Profits From Bitcoin, Yet Market Worries About Slow Data Center Expansion
Riot Platforms, Inc. Stock Declines Riot Platforms, Inc. (NASDAQ:RIOT) experienced a dip in trading on Friday. The company disclosed that its revenue for the second quarter reached $152.99 million, exceeding analysts’ forecast of $147.65 million. Riot also reported earnings of 57 cents per share, which is notably better than the anticipated loss of 10 cents […]
Pound Sterling continues to decline against the US Dollar as US job data gains attention
Traders anticipate interest rate cuts from the Federal Reserve, potentially driving the pound sterling down to around 1.3160 against the US dollar. Economists are hopeful for a rate reduction by the Bank of England next week. Investors are on the lookout for the US Non-Agricultural Payroll and ISM Manufacturing PMI reports for July. The pound […]
Data Expert Casts Doubt on Kamala Harris’ 2028 Prospects
Kamala Harris’s 2028 Presidential Chances Dwindling CNN’s chief data analyst, Harry Enten, stated on Friday that former Vice President Kamala Harris, now a Democratic candidate for the 2028 presidential race, is facing long odds. During a segment on “CNN News Central,” Enten referenced the Kalshi Betting Market, which had Harris’s odds at just 6%. He […]