EUR/USD trades with mild losses near 1.0400 amid holiday quiet session – FXStreet
In Friday's Asian session, EUR/USD traded with a slight negative bias around 1.0415. Last week, U.S. new jobless claims fell to their lowest level in a month. The ECB's dovish outlook could weigh on the euro in the short term. EUR/USD fell to around 1.0415 in Asian trading on Friday. Trading volumes are thin as […]
S&P 500 Gains and Losses Today: Tech Stocks Help Drive Christmas Eve Rally – Yahoo Finance
Michael Nagle/Bloomberg via Getty Images earlier this month outside the New York Stock Exchange building, which was decorated for the holiday season. In short Christmas Eve trading on Tuesday, December 24, 2024, the S&P 500 rose 1.1%, driven by strength in the tech sector. Tesla shares soared as analysts predicted strong quarterly deliveries but highlighted […]
FDIC Warns 68 US Banks in Danger of Insolvency As Lenders Face $364,000,000,000 in Unrealized Losses – The Daily Hodl
The number of U.S. banks with serious problems continues to grow, according to new numbers from the Federal Deposit Insurance Corporation (FDIC). In its quarterly Bank Profile report, the FDIC states: say In the third quarter, the number of U.S. financial institutions on the “Problem Bank List” increased to 68. The figures mark the fifth […]
Gold prices steady but set for weekly losses on hawkish Fed outlook – Investing.com
Investing.com — Gold prices hovered near one-month lows in Asian trading on Friday, as the US Federal Reserve's outlook for lower-than-expected interest rate cuts in 2025 spooked investors. As a result, the stock trended downward for the week. The Fed cut interest rates by 25 basis points, as expected, but signaled it would only cut […]
NBA Commissioner Adam Silver Dismissive of Massive Ratings Losses
National Basketball Association Commissioner Adam Silver, in a new interview, dismissed the steep drop in television ratings the league has suffered in recent years. Last week, sports broadcaster Colin Cowherd pointed out that NBA television ratings have fallen 48 percent over the past 12 years. He attributed that to Mr. Silver's failure to connect the […]
Australian Dollar remains steady after recovering losses, US GDP Annualized eyed – FXStreet
The Australian dollar recovered its daily losses after Thursday's announcement of consumer inflation expectations. Australian consumer inflation expectations rose to 4.2% in December, up from a previous rise of 3.8%. The US dollar index (DXY) hit 108.28 on Thursday, its highest since November 2022. The Australian dollar (AUD) narrowed its daily decline following Thursday's announcement […]
Senate Dems Move To Abolish ‘Undemocratic’ Electoral College After Crushing November Losses
Senate Democrats are moving to abolish the electoral college system after their party lost both votes in the November election. The announcement was made by Democratic members of the Senate Judiciary Committee. SJ Res. 121 On December 12th, they proposed a constitutional amendment to abolish this. electoral system Abolish it completely and replace it with […]
Trump weighs privatizing USPS to stop billions in taxpayer-funded losses: Report
President-elect Donald Trump is reportedly considering privatizing the U.S. Postal Service in a bid to prevent taxpayers from covering billions of dollars in losses. Three people involved responded to the interview. washington post President Trump expressed interest in reforming the Postal Service during a meeting with Commerce Secretary candidate Howard Lutnick at Mar-a-Lago, the report […]
Online Gambling Losses to Drain $1 Trillion from U.S. Pockets by 2028
Critics call gambling “the devil's playground.” Online gambling losses in the United States are likely to exceed $1 trillion in the next few years, at the expense of American gambling operators, and are on track to meet that estimate. U.S. lawmakers and government regulators “cannot continue to rely on theories of responsible gambling that shift […]
Japanese Yen trims part of its weekly losses against USD; upside potential seems limited – FXStreet
The Japanese yen has struggled to capitalize on modest intraday gains against the US dollar. Uncertainty surrounding the Bank of Japan's interest rate hike in December and risk-on impulses are holding back the yen. A non-dovish bet on the Fed supports the USD and also provides support for USD/JPY. The Japanese Yen (JPY) pared some […]