Today’s Forex: Major economies’ GDP data and rate decisions from the BoC and Fed expected to increase volatility
Key Updates for July 30th As we head into Wednesday, financial markets are expected to be generally subdued as investors gear up for significant upcoming events. The European session will pay close attention to the preliminary second quarter GDP data from the eurozone. In the US, important economic indicators will include changes in ADP employment […]
Açaí prices expected to increase as the US applies a 50% tariff on imports.
U.S. Açaí Prices May Rise Due to Tariffs on Brazilian Imports Açaí bowls and smoothies, often enjoyed across various U.S. cities, could become pricier as 50% tariffs on imports from Brazil take effect starting Friday. Nearly all the açaí pulp found in the U.S., along with that distributed in Europe and Asia, primarily comes from […]
Significant IRS Updates Expected for Business Tax Audits in 2025
IRS Announces Changes to Corporate Tax Audits The Internal Revenue Service (IRS) has unveiled new guidance aimed at significantly reducing the time corporate taxpayers spend during audits. This initiative, revealed on Friday, is intended to make the audit experience more collaborative and efficient. The updated interim guidance will be in effect from 2025 through 2026, […]
Ongoing ankle injury is expected to keep Texans star out for several weeks
NFL Training Camps Set to Open This week marks the start of training camps across the NFL, with the Detroit Lions and Los Angeles Chargers set to meet in Canton, Ohio on July 31st, officially ushering in the preseason. As anticipation builds for the 2025 season, there’s a chance that at least one prominent running […]
Ether is set to approach $4,000 and is expected to surpass Bitcoin soon, according to Novogratz.
The growing interest from institutions in Ethereum has led to a supply crunch, with some suggesting that Ethereum could overtake Bitcoin within the next six months, according to Michael Novogratz, CEO of Galaxy Digital. “There’s limited ETH supply, so I believe ETH has a real shot at surpassing Bitcoin in the next three to six […]
European Central Bank maintains key rates after July meeting as expected
Christine Lagarde, the head of the European Central Bank (ECB), discussed the bank’s choice to maintain key interest rates during its July policy meeting and addressed media questions. Follow ECB Live Coverage here The European Central Bank (ECB) announced on Thursday that, as anticipated, it adjusted its key rates in the wake of its July […]
Increased costs expected because of Trump tariffs: Deutsche Bank
Deutsche Bank has stated that it’s not foreign exporters who bear the burden of President Trump’s tariffs; rather, it’s the American consumers who are impacted. This goes against the White House’s position that foreign exporters are responsible for covering the costs associated with these trade taxes. The analysts at Deutsche Bank recently delved into import […]
Maxwell expected to reach an agreement with the deputy AG
Ghislaine Maxwell, the former associate of Jeffrey Epstein, is reportedly seeking to negotiate with federal authorities during a meeting with Associate Attorney General Todd Blanche, according to sources. Blanche has stated he plans to meet her on Tuesday, following her lengthy prison sentence that stems from her involvement in trafficking young women for Epstein. Alan […]
Brokerages are expected to cut cash yields, but they continue to provide good rates.
Yield brokerages are likely to start offering cash payments later this year, but currently, several companies still provide appealing interest rates. The Federal Reserve hasn’t cut interest rates since last December and continues to keep its target range between 4.25% and 4.5%. Many expect the central bank to take action at the end of their […]
Caitlin Clark is making progress but is not expected to return for the Fever-Liberty rematch.
Barclays Center might face disappointment yet again. This isn’t about the home team, the Liberty, who are set to be at full strength as they head into the second half of the season. Instead, it’s the absence of Kate Rinklark that raises concerns for Tuesday’s game. Rinklark, who sustained a significant groin injury during a […]