EUR/USD declines as US inflation data approaches and geopolitical discussions take place
EUR/USD decreased by 0.30%, currently trading at 1.1605 after reaching a high of 1.1675 during the day. Investors bought US dollars in anticipation of the July CPI release, which could undermine expectations for rate cuts from the Federal Reserve. In Italy, July’s inflation remained steady at 1.7% year-on-year, aligning with the ECB’s targets and last […]
Stocks remain mostly stable at the start of the week as traders anticipate CPI data: Live updates
US Stock Market Update On June 23, 2025, traders were busy on the floor of the New York Stock Exchange during a typical morning session in New York City. US stock prices barely moved early Monday, while the market hit another all-time high just before a significant inflation report due this week. The Dow Jones […]
US stocks hold steady at the start, remaining close to record highs, as inflation data is set to be released.
Stock Market Overview On August 11, US stocks experienced minimal changes as they hovered near record levels, with investors awaiting fresh inflation data. This July, the consumer price index (CPI) is anticipated to rise. A poll from Reuters suggests a projection of 2.8% year-over-year, slightly up from June’s 2.7%. There’s curiosity about whether President Trump’s […]
Data breach at Allianz Life impacts most of 1.4 million clients
Cybercriminals are always on the lookout for new targets, and the insurance sector seems to be a prime choice for them. This is largely because insurance companies handle vast amounts of personal, financial, and medical data. Recently, AFLAC, one of the leading household guarantee firms in the U.S., confirmed it has been hit by a […]
Billy Long Removed After Dispute Over Using Data on Undocumented Immigrants
IRS Commissioner Removed Amid Controversy IRS Commissioner Billy Long has been dismissed following conflicts between the IRS and the White House regarding the use of taxpayer information. According to “two knowledgeable sources,” the Department of Homeland Security (DHS) improperly provided the IRS with a list of about 40,000 individuals identified by DHS officials in the […]
ETFs Under Scrutiny Following Eli Lilly’s Strong Q2 Results and Poor Obesity Data
Eli Lilly Reports Strong Second Quarter Results Eli Lilly and Company has recently announced impressive second-quarter results, largely thanks to significant sales in weight loss and diabetes medications. These results surpassed both revenue and earnings estimates, leading the drugmaker to revise its fiscal year projections upward. Interestingly, despite this robust performance, Eli Lilly’s stocks experienced […]
SoftBank and Meta advance in data center efforts by acquiring an EV facility and outlining financing strategies
SoftBank and Meta are making significant progress on a massive data center initiative. SoftBank, the Japanese investment firm led by Masayoshi Son’s son, has bought an electric vehicle factory from Foxconn, which is a major supplier based in Ohio. This purchase is a strategic move to get the Stargate project rolling, which involves a collaboration […]
Ex-BLS chief proposes that AI might enhance the ways jobs data is gathered
Trump’s Critique of Labor Statistics Bureau Following Disappointing Job Report Alicia Finley from the Wall Street Journal’s editorial board recently talked about President Donald Trump’s claims regarding political manipulation connected to Joe Biden’s support during the election. This discussion comes on the heels of last week’s disappointing Jobs Report, which has raised questions about the […]
Trump Announces Requirement for Universities to Provide Admissions Data
On Thursday, President Donald Trump signed a memorandum intent on suspending race-based admission policies. This initiative aims to provide comprehensive data on how applicants can be admitted to universities that receive federal funding. Here’s a brief overview: In 2023, the U.S. Supreme Court determined that considering race in higher education admissions infringes on students’ civil […]
Tucson rejects $250M Amazon data center due to concerns over water and energy consumption
City Council Halts Arizona Data Center Project A proposed large data center in southern Arizona is facing significant setbacks after a city council decision on Wednesday directed staff to cease all work related to the project. Known as “Project Blue,” the data center was planned to occupy 290 acres in Pima County. Although the county’s […]