Gold price exceeds the inflation-adjusted peak reached in 1980
Gold prices have hit a new inflation-adjusted record, surpassing a peak established over 45 years ago, driven by growing concerns about the U.S. economy. This marks a significant continuation of a bullish trend over the past three years. In October, gold spot prices surged nearly 5%, reaching an unprecedented high of $3,674.27 on a recent […]
Solana and XRP Rise as Crypto Market Cap Exceeds $4 Trillion
Simply put Solana reached $219.50 and XRP climbed over $3, both significantly outpacing the overall market, while Ethereum seems to be settling down. A market forecast indicates that 54% of participants believe Solana will hit a new all-time high by year-end, with a similar positive outlook for XRP, potentially reaching $4. The anticipated approval of […]
6.2 magnitude earthquake strikes Afghanistan, death toll exceeds 2,200
Severe Earthquake Hits Afghanistan, Casualties Rise A 6.2 magnitude earthquake has struck Afghanistan, leading to a grim total of 2,205 fatalities and over 3,600 injuries. This latest tremor is the third to impact the region since two earlier quakes occurred on Sunday and Tuesday. The German Center for Geoscience Research reported that the earthquake hit […]
Operation to Make DC Safe Again exceeds 1,800 arrests, says Patel
FBI Director Kash Patel has mentioned that President Trump’s operation named “Make DC Safe” is having significant effects, particularly after recent actions led to over 1,800 arrests, along with many guns and drugs being confiscated. Between Wednesday and Thursday morning, the FBI reported 28 arrests, including 12 guns recovered and 10 drug incidents, contributing to […]
GBP/USD stabilizes as ADP jobs fall short, ISM Services PMI exceeds expectations
GBP/USD is expected to stabilize around 1.3430 after recovering from a one-month low on Wednesday. Despite mixed labor market data, the US dollar index has held steady above 98.00. Private sector jobs in the US increased by 54K in August, falling short of the 65K prediction, and significantly down from a revised 106K in July. […]
GitLab Exceeds Q2 Sales Predictions but Shares Fall 10.3%
GitLab Reports Strong Q2 Results, Guidance Mixed GitLab, a provider of a DevSecOps platform, announced that its revenue for the second quarter exceeded Wall Street’s expectations, reaching $236 million—an increase of 29.2% compared to last year. However, the revenue guidance of $238.5 million for the upcoming quarter is less impressive and undercuts analyst predictions by […]
Afghanistan: Number of fatalities from 6.0-magnitude earthquake exceeds 1,400
Earthquake Devastation in Afghanistan The death toll from a recent earthquake in Afghanistan has now reached 1,411, with over 3,100 people reported injured. The initial count was around 800, but this figure was revised after the UN clarified that the earlier number only represented casualties in Kunar province. The earthquake struck at midnight on Sunday, […]
GBP/USD falls near 1.3500 as US GDP exceeds expectations, with PCE in view.
GBP/USD Movement After US GDP Growth GBP/USD has dipped below the 1.3500 mark following a robust 3.3% growth in US GDP for the second quarter. The US dollar is facing some pressure as expectations of a dovish Federal Reserve grow. Traders are looking forward to the upcoming July PCE Inflation Report for insights on financial […]
Bank of Montreal Exceeds Expectations for US Performance, Provisions Lower Than Anticipated
Bank of Montreal Exceeds Performance Expectations (Bloomberg) – Bank of Montreal has outperformed predictions in the US sector, showing strong results as lenders work to enhance their business outlook and reduce loan loss provisions. The Canadian bank reported an adjusted earnings per share of C$3.23 for the third quarter, as stated in a release on […]
US debt exceeds $37 trillion for the first time as OBBBA allows for further increases
Last week, the federal government’s gross debt exceeded $37 trillion for the first time ever. This limit allows for an increase of trillions more since President Donald Trump recently enacted the one big beautiful bill law (OBBBA). On July 4th, Trump signed the OBBBA, which raised the debt limit by $5 trillion. This move effectively […]