Trump aims to make all Epstein files public, hints at potential Diddy pardon decision.
President Trump stated on Friday that the government aims to “release everything” concerning Jeffrey Epstein, the notorious pedophile, hinting that he might consider a pardon for rapper Shaun “Diddy” Combs. This remark followed a recent nine-hour interview conducted by Deputy Attorney General Todd Blanche with Ghislaine Maxwell, Epstein’s convicted associate, in a federal prison in […]
Labor secretary praises Trump’s decision to dismiss BLS chief
Labor Secretary Supports Trump’s Firing of BLS Head Labor Secretary Lori Chavez Deremar expressed her approval of President Trump’s decision to dismiss the head of Labor Statistics (BLS) following the release of July’s employment report, which was unexpectedly poor. In a social media post, Chavez Deremar welcomed the president’s action to remove BLS commissioner Erica […]
Judge halts deportations of 60,000 migrants from Honduras, Nicaragua, and Nepal in an extreme decision
Federal Judge Halts Removal of Temporary Immigration Protections A federal judge in San Francisco has put a stop to plans to revoke temporary immigration protections for over 60,000 immigrants from Honduras, Nicaragua, and Nepal. This decision has sparked significant criticism from conservative legal commentators. US District Judge Trina Thompson, appointed by former President Joe Biden, […]
EUR/USD stabilizes around 1.1400 as strong US data reinforces Fed’s decision, focus on NFP
EUR/USD Market Update The EUR/USD increased by 0.10% to 1.1417 despite robust US economic indicators. The US Core PCE inflation rate climbed to 2.8% year-on-year, with initial unemployment claims dropping to 218,000. The Federal Reserve voted 9-2 to maintain interest rates, with Powell downplaying expectations of a rate cut in September. On Thursday, following strong […]
Google’s appeal is rejected in lawsuit by Epic Games as app store decision is confirmed.
Google’s Legal Setback in App Store Dispute On Thursday, Google found itself unable to sway the US Appeals Court into revising a ruling that ordered the tech giant to enhance competition on its App Store. The 9th Circuit Court of Appeals, based in San Francisco, dismissed Google’s assertion that there had been a legal error […]
Governor Gavin Newsom warns of redistricting in California following the Texas GOP’s decision not to present a new district map.
Tensions Rise Over Texas Redistricting Proposal A conflict has emerged in Texas following a rezoning proposal put forth by Republican officials, which many critics have labeled as gerrymandering. This move is aimed at consolidating Republican dominance in the U.S. House of Representatives, and it’s stirred opposition among Democratic lawmakers. Texas Republicans revealed their redistricting plan […]
Tom Lee from Fundstrat believes stocks are likely to rise after the Fed’s decision.
This report from FundStrat’s FS Insight highlights some interesting dynamics in the stock market, particularly concerning the S&P 500. According to Mark Newton, who oversees technology strategy, the current market pattern could be termed a “bearish envelope.” While that sounds rather ominous, it actually suggests that stocks are taking a moment to digest their recent […]
Central bank holds rates steady, but two oppose the decision to take a cautious stance
Federal Reserve Stands Firm on Interest Rates Amidst Trump Pressure On Wednesday, the Federal Reserve decided to keep interest rates unchanged, despite significant pressure from President Trump. For context, the Federal Open Market Committee has maintained its benchmark rate since last December, holding it steady at a range between 4.25% and 4.5%. This decision marks […]
Pound Sterling levels off against US Dollar before Fed interest rate decision
Sterling is trading around 1.3350 against the US dollar, with investors closely watching for the Federal Reserve’s impending financial policy announcement. There is a prevailing hope among investors that the Fed will hold interest rates steady. Concurrently, a dip in labor demand in the UK is setting the stage for potential interest rate reductions by […]
Silver Price Prediction: XAG/USD hovers around $38.00 as traders look for Fed’s decision
Silver is stabilizing around the 20-day SMA at $37.88, approaching significant support that reflects some uncertainty. The RSI is showing a bullish but flat trend, indicating a lack of momentum as everyone waits for the Fed’s rate decision. If it moves up, $39.00 is the next target, with $38.50 also in sight. On the downside, […]