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 […]
Fed cuts interest rates a quarter point as 2025 outlook remains ‘uncertain’
The U.S. Federal Reserve cut interest rates on Wednesday as expected, but signaled they would cut less in 2025 than originally expected, sending the Dow Jones Industrial Average soaring more than 1,100 points. The Federal Reserve has cut interest rates by 25 basis points to a range of 4.25% to 4.50%, and the Summary Economic […]
Gregg Popovich breaks silence on stroke as Spurs legend remains out
Gregg Popovich has made his first public comments since suffering a mild stroke. Popovich, 75, underwent a pregame medical event in early November and has been away from the Spurs since then. On Monday, the longtime head coach released a statement via the team's social media accounts. Gregg Popovich made his first public comments since […]
NYC remains a ‘judicial hellhole’ and Gov. Hochul must reform it — or step aside
With excessive litigation costs reaching a staggering $89 billion annually, New York City currently ranks second on the American Tort Reform Foundation's annual list of “judicial hellholes.” City government and private companies pay that This goes a long way toward avoiding frivolous lawsuits over questionable injuries and supposed “pain and suffering” that would be laughed […]
Kyle Tucker traded to Cubs as Yankees’ Juan Soto void remains
The Astros aren't going to help fill the Yankees' Juan Soto void. Houston sent stud outfielder Kyle Tucker to the Cubs in exchange for him leaving the Bronx Bombers for the Yankees to continue their offensive search. Chicago will send slugging third baseman Isaac Paredes, reliever Hayden Wesneski and infield prospect Cam Smith to Houston. […]
NFL Commish Roger Goodell says Jay-Z’s relationship with league remains intact amid sexual assault allegations
Music mogul Jay-Z founded Roc Nation in 2008, and the entertainment company has been responsible for producing the Super Bowl halftime show in recent years. Recently, rape charges were brought against a rapper and businessman. NFL commissioner Roger Goodell said he was aware of the allegations, but quickly dismissed concerns that the situation would harm […]
James Comer Remains House Oversight Chair
House Oversight Committee Chairman James Comer (R-Ky.) will retain his oversight role in the 119th Congress, the committee announced to X. House Republicans on Tuesday called for Comer to keep the gavel after he played a key role in launching numerous oversight investigations into the Biden administration over corruption allegations. Comer's most high-profile investigations into […]
USD/CAD refreshes multi-year peak, 1.4200 remains in sight on larger BoC rate cut bets – FXStreet
USD/CAD traded with a positive bias for the third day in a row, rising to multi-year highs. The central bank's sharp interest rate cuts and bets on a modest fall in oil prices have weakened the loonie. Ahead of Wednesday's U.S. consumer price index and central bank decisions, the U.S. dollar's price movements have been […]
Biden remains ‘absent’ in final weeks before Trump assumes office, WH advisors complain
According to Politico, some White House officials have criticized President Biden's lack of leadership and President-elect Don Trump's “conspicuous absence” in the final weeks before his inauguration on January 20. . Another Democratic lawmaker close to a senior lawmaker said, “There is no leadership from the White House.'' told Politico. “A complete vacuum exists.” Mr. […]
Gold prices move little as safe haven demand remains limited – Investing.com
Investing.com — Gold prices were mostly unchanged in Asian trade on Thursday with little safe-haven demand despite political turmoil in France and South Korea as risk appetite improved and the dollar held firm. There wasn't. A rally to record highs on Wall Street, as well as comments from Federal Reserve Chairman Jerome Powell suggesting a […]