Silver (XAG) Daily News: Industrial Demand and Rate Cuts Fuel 40% Yearly Surge – FX Empire
When interest rates fall, metals like silver become more attractive to investors because returns on bonds and savings accounts fall. Rising industrial demand and green technology boost silver prices A key driver behind silver's recent rally is its increasing role in green technology, particularly solar energy. Silver is essential to a variety of industries, is […]
EUR/USD drifts higher above 1.0950 ahead of German Industrial Production – FXStreet
Early in Tuesday's European session, EUR/USD held steady around 1.0985. ECB policymakers continue to prepare for an accommodative policy stance. Traders have withdrawn their bets that the Fed will cut rates aggressively at its November meeting. EUR/USD extended its recovery to around 1.0985 in early European trading on Tuesday. Major currency pairs are rising while […]
‘Like the DMV on an industrial scale’
Republican Vice Presidential candidate Sen. J.D. Vance on Monday slammed the Harris-Biden administration's response to the aftermath of Hurricane Helen, likening it to an “industrial-scale DMV.” Vance (R-Ohio) defended the Trump campaign's complaints that the Federal Emergency Management Agency (FEMA) is sending “significant amounts of money” to assist illegal immigrants released into the United States. […]
First Industrial Action in Almost 50 Years
Tens of thousands of longshoremen along the East Coast and Gulf of Mexico went on strike early Tuesday, the first industrial action by the U.S. Longshoremen's Union in nearly half a century. Negotiations over wages and automation have stalled in an “stalemate” that could cost the U.S. economy $5 billion a day. Port facilities from […]
Planned new bike lane in industrial NYC neighborhood has business owners fuming: ‘Just not safe’
Businesses in one of Long Island City's last industrial areas say gentrification has its limits, and planned new bike lanes Placed them Over the edge. Local business groups argue that bike lanes in the trendy Queens neighborhood are dangerous for truck drivers, not to mention cyclists. “Not every road can have bike lanes. You can't […]
Stock market today: Dow Jones Industrial Average inches up to another record high in mixed trading – The Associated Press
Wall Street hit new record highs on Tuesday, even as major stock indexes were little changed after a lackluster day of trading. The Dow Jones Industrial Average rose 9 points, or less than 0.1%, to hit its second all-time high in two days. The index has risen for eight consecutive days. The benchmark S&P 500 […]
Italy, China announce 3-year industrial cooperation plan as EU-China trade war fears loom
Italian Prime Minister Giorgia Meloni visited Beijing and announced that Italy and China had signed a three-year action plan to implement past agreements and experiment with new forms of cooperation. Meloni is seeking to improve relations between the two countries after withdrawing from China’s Belt and Road Initiative amid growing fears of a trade war […]