Gold price today, Thursday, July 17, 2025: Gold remains stable before important economic and Netflix earnings updates
Gold Futures and Economic Outlook Gold futures kicked off on Thursday at $3,354.70 per ounce, up by 0.1% from Wednesday’s $3,352.50. However, early trading saw prices dip slightly to $3,336.80. Today’s financial news includes reports on US retail sales, the import price index, and revenue announcements. Even with the potential for higher tariffs coming in […]
China’s Economic Growth Slows Due to Tariffs
China’s Economic Growth in Q2 2025 China’s economy saw a growth of 5.2% in the second quarter of 2025, as reported by the Chinese government. This figure is a slight drop from the 5.4% growth in the first quarter but is better than the expected forecast of 5.1% from analysts. Various media outlets have interpreted […]
Unidentified Democratic Party member confesses to hoping for an economic downturn
Democratic Strategists Express Concerns Over Party’s Future Some Democratic strategists are worried about the party’s prospects, suggesting that a struggling economy could ironically provide a lifeline for its declining popularity. A report highlighted a particularly bleak assessment, where one strategist stated that the party might need to “pray” for a recession after Trump’s anticipated victory […]
Trump’s economic adviser indicates the White House is looking into the costs of renovating the Fed and whether it can dismiss Powell.
President Trump has the authority to dismiss Federal Reserve Chairman Jerome Powell for cause, provided there’s sufficient evidence, according to White House economic adviser Kevin Hassett. Hassett, who directs the National Economic Council, mentioned during an ABC “This Week” interview that whether Powell will be let go over a claimed $700 million cost overrun would […]
Economic Optimism Reaches Peak Levels Not Seen in Years
Positive Vibes About the Economy These days, many Americans are feeling optimistic about the economy—more so than they have in years. It’s somewhat of a surprise, especially when scrolling through all the negative headlines in financial news or the constant critical chatter on business TV networks. Even when positive reports about the labor market come […]
US Dollar strengthens amid tariff impacts and strong economic conditions
US Dollar Strengthens Amid Tariff Threats The US dollar saw an uptick on Friday due to President Trump’s new tariff announcements and rising expectations for reduced Fed interest rates. Trump has imposed a 35% tariff on Canadian goods, citing concerns about fentanyl and trade imbalances. The US Dollar Index (DXY) is currently below key resistance […]
GBP/USD drops to around 1.3550 as economic worries increase, focus on UK GDP
GBP/USD is expected to decline as the US dollar strengthens due to signals from Federal Reserve officials regarding monetary policy. Fed’s Goolsbee opposes the idea of cutting interest rates to lower government debt expenses. The FPC committee noted a significant risk of a sudden fall in high-risk asset prices. GBP/USD has enjoyed a six-day winning […]
GROVER NORQUIST: Why Trump’s ‘beautiful bill’ ensures economic growth for the U.S.
President Donald Trump’s latest tax initiative is being touted as a significant reform that has the potential to reshape the economy. Dubbed the “Big and Beautiful Bill,” this legislation aims to establish a tax framework that encourages growth and positions the American economy powerfully on the global stage. The proposal promises lower tax rates for […]
Eric Adams supports 50 Cent’s views on the economic policies of a socialist candidate in NYC.
New York City’s Mayor Critiques Socialist Candidate with 50 Cent’s Support New York City Mayor Eric Adams has voiced his agreement with rapper 50 Cent regarding the economic ideas put forth by Zohran Mamdani, a Democratic socialist candidate. Adams referred to these proposals as being situated in “Fantasyland.” In a post on X, he humorously […]
Small businesses key to economic recovery with Trump’s tax reform plan
US Economy Shows Signs of Strength Amid Ongoing Challenges After several years marked by high prices and sluggish growth, the US economy is starting to regain its footing. Inflation rates are dropping to their lowest in four years, and job growth is robust, with more than 620,000 positions created since January. Business investments are picking […]