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US pulls out of Doha ceasefire discussions following Israel’s exit

US pulls out of Doha ceasefire discussions following Israel's exit

US Withdraws Delegation from Doha Amid Ceasefire Negotiations The US special envoy to the Middle East, Steve Witkov, announced that the US has pulled its delegation from Doha, where it was involved in ceasefire negotiations. This decision coincided with an announcement from Israeli Prime Minister Benjamin Netanyahu that the negotiators in Doha would also be […]

Social Security pulls back on decision to stop sending paper checks to beneficiaries

Social Security pulls back on decision to stop sending paper checks to beneficiaries

Social Security Administration to Continue Issuing Paper Checks The Social Security Administration (SSA) has decided to stick with issuing paper checks to beneficiaries. This marks a shift from their previous plan to transition all payments to electronic deposits by September 30th. On Wednesday, the SSA informed CBS MoneyWatch that paper checks will still be provided […]

GBP/USD pulls back from 1.3600 due to robust US employment figures

GBP/USD pulls back from 1.3600 due to robust US employment figures

Jobless claims decrease to 217k, surprising some; however, PMI data is encouraging. UK Flash PMI points to rising layoffs, bolstering expectations for a BOE rate cut in August. Interest rate disparity supports the dollar as the BOE considers cuts while the Fed stays put. The GBP/USD rally has hit a snag, with the dollar recovering […]

Trump pulls back on threats toward Powell — for the moment

Trump pulls back on threats toward Powell — for the moment

President Trump has stepped back from his suggestion of firing Federal Reserve Chairman Jerome Powell, at least for now. Last week, tensions seemed to peak when Trump hinted to Powell and Republican lawmakers about possible changes at the Fed. However, he has since reconsidered, with various officials warning about the potential repercussions on the market […]

Trump pulls the U.S. out of UNESCO again

Trump pulls the U.S. out of UNESCO again

US to Withdraw from UNESCO On Tuesday, the Trump administration confirmed that the United States will be exiting the United Nations Educational, Scientific and Cultural Organization (UNESCO). “President Donald Trump has decided to withdraw the United States from UNESCO, supporting the common sense policy and gradual awakening that Americans voted for in November, which addresses […]

Democrat Senators Panic After CBS Pulls the Plug on Colbert’s ‘Late Show’: ‘A Political Favor’

Democrat Senators Panic After CBS Pulls the Plug on Colbert’s ‘Late Show’: ‘A Political Favor’

Democrat Senators React to CBS Cancelling Stephen Colbert’s Late Show Democratic senators expressed surprise over CBS’s decision to cancel Late Show, suggesting that political factors might be involved, particularly regarding President Donald Trump. They implied that the cancellation could stem from concerns about Colbert’s comedic content. On Thursday, Colbert announced that CBS would not renew […]

USD/JPY pulls back as Trump-Powell tensions limit increases

USD/JPY pulls back as Trump-Powell tensions limit increases

The US dollar has weakened against the Japanese yen, amid focus on the relationship between Trump and Powell. Expectations around interest rates are bolstering USD strength, while political uncertainty creates some fluctuations in USD/JPY. The USD/JPY currency pair has dropped, facing resistance around 149.00. The Japanese yen (JPY) is attempting to regain some of its […]