Gold price jumps to its highest level since November 6 amid fresh trade war fears – FXStreet
Gold prices have gained strong positive traction amid the safety flight following President Trump's tariff remarks. Bets for further Fed rate cuts have pushed down U.S. Treasury yields, further supporting the yellow metal. A gradual recovery in the US dollar and positive risk tone could limit commodity gains. Gold prices (XAU/USD) witnessed buying for the […]
Mortgage rates top 7%, soar to highest level since May
Thirty-year mortgage rates rose to an eight-month high last week, extending an upward trend that is weighing on prospective homebuyers already facing rising home prices and limited supply. Average interest rates on the most popular mortgages reached 7.09% in the week ending Jan. 16, the highest level since May, according to a report released Thursday […]
Quits sink to lowest level since the height of the pandemic
As the number of job openings soared to the highest level since May, job separations fell in November to the lowest level since the height of the pandemic, both signs of a broader cooling in the U.S. employment situation. Labor market data shows that people are staying in their jobs more often as the labor […]
Threat of ‘Terrorist-Inspired Attacks’ in U.S. at ‘Heightened Level’
On Friday on FNC's “Fox & Friends,” Jeh Johnson, who served as DHS secretary under former President Barack Obama, said the threat from “terrorist-inspired attacks” in the United States is “on the rise.” ” he said. Mr Johnson said: “We are currently in the midst of an evolving and growing threat. With the fall of […]
Jimmy Butler’s trade demand hits next level with latest comments, report after Heat loss
The rivalry between Jimmy Butler and the Miami Heat is getting more intense by the day. ESPN insider Shams Charania reported earlier this month that Butler was hoping to move before the trade deadline. Butler's agent vehemently denied the reports at the time, but the veteran star's behavior certainly makes him look like a player […]
Jobless claims fall to lowest level in 8 months to end 2024
The number of new jobless claims fell to the lowest level since April last year, as the job market showed signs of strength amid a broader employment downturn. The number of new unemployment insurance claims filed in the week ending December 28 was 211,000, down 9,000 from the previous week's level. Economic forecasters had expected […]
Unlawful border crossings hit lowest level of Biden admin in November
U.S. Customs and Border Protection (CBP) announced the lowest border crossings for the month of November ahead of President Biden's exit from the White House. According to statistics released by the agency, 4.5% drop field operations and encounters on the southwest border. Over the past two months, single adults consistently ranked highest among border crossers, […]
LeBron James, now 40, says he can play at ‘high level’ for nearly another decade
Later Tuesday, LeBron James will become the first player in NBA history to play in a game as both a teenager and a player in his 40s. The NBA's all-time leading scorer celebrated his 40th birthday on Monday, and as he enters his record-tying 22nd season, he's still his old self. His 23.5 points per […]
US credit card defaults soar to highest level in 14 years
Experts are sounding the alarm over a new report showing that credit card loan defaults have skyrocketed this year, warning that the dam of American consumer debt at a record high is bursting. In the first nine months of 2024, lenders wrote off more than $46 billion in seriously delinquent credit card loans, according to […]
Credit Card Defaults Spike to Highest Level Since Aftermath of 2008 Financial Crisis
U.S. credit card defaults have risen to their highest level since the 2008 financial crisis, as consumers suffer from years of high inflation. credit card lender I wrote it down Loan delinquency balances in the first three quarters of 2024 were $46 billion, an increase of 50% year over year. These forms of write-offs are […]