Affirm’s stock rises 20% as CEO Levchin highlights ongoing consumer strength
Affirm Reports Strong Fourth Quarter Results Affirm’s shares jumped 20% on Friday following the release of its fourth quarter results, which exceeded Wall Street’s expectations. So far this year, the stock has increased by 31%, significantly outpacing the Nasdaq’s 12% growth. The company’s earnings were considerably better than anticipated, coming in at 20 cents per […]
Support for Newsom rises among Democrats before 2028: Poll
A recent Emerson College poll indicates growing support for California Governor Gavin Newsom among Democratic voters as the field of potential 2028 presidential candidates expands. The poll, released on Friday, shows Newsom’s support at 25%, a notable increase from 12% in a similar survey conducted in June. Former Transportation Secretary Pete Buttigieg maintained a steady […]
Japanese Yen rises above 146.50 following Tokyo’s CPI inflation report.
USD/JPY dipped to about 146.85 early in the Asian session on Friday. Tokyo’s core CPI rose 2.5% year-over-year in August, aligning with predictions. The US economy expanded at an annual rate of 3.3% in the second quarter of 2025. The USD/JPY pair has softened to roughly 146.85 during the early hours of Friday in Asia. […]
Australian Dollar rises slightly as Fed policy shows a cautious approach
The Australian dollar could benefit as the US dollar faces challenges related to the recent Fed commentary. In July, Australia’s private sector credit increased by 0.7%, marking the fastest growth since April. Federal Reserve Governor Christopher Waller indicated support for interest rate cuts during the September meeting. On Friday, the Australian Dollar (AUD) remained stable […]
US Dollar Index rises close to 98.00 before PCE Price Index data
The US Dollar Index is progressing alongside the US economy, which saw growth in the second quarter. Headline PCE is anticipated to increase by 2.6% year-over-year, while core PCE is predicted to rise 2.9% in July. Concerns regarding the Federal Reserve’s independence have intensified following comments from US Vice President Vance about the end of […]
EUR/USD rises slightly as Fed issues and French election impact the US Dollar
The EUR/USD has increased by 0.43%, as traders downplay US GDP and unemployment claims while grappling with some confusion surrounding FRED. As traders assess, Trump and Safehaven will shift towards the Euro, Yen, and Swiss francs, gauging the US dollar’s momentum. With the French confidence vote on the horizon, the stability of the euro is […]
GBP/USD rises past 1.3500 as strong US data limits US Dollar
GBP/USD Gains Amid Mixed Economic Data GBP/USD increases by 0.19% despite disappointing US GDP figures. Jobless claims remain low at 229K, though NFP revisions point to a weaker labor market. UK inflation continues as producer prices rise, complicating BOE rate predictions. During the North American trading session, GBP/USD saw a rise following economic reports from […]
Trump takes control of D.C. police as youth crime rises sharply throughout the city.
Concerns Over Juvenile Crime Policies in Washington, D.C. A former FBI agent recently argued that the progressive crime policies in Washington, D.C., have had unintended consequences, prompting President Donald Trump to bring federal oversight to the Metropolitan Police Department. Back in December 2016, the D.C. Council enacted the Comprehensive Youth Justice Amendment Act. This law […]
Japanese Yen rises above 147.00 as worries about the Fed’s independence continue
The USD/JPY pair is trading lower, around 147.20, in the early Asian sessions on Thursday. Concerns over Trump’s attempts to influence the Federal Reserve are impacting the US dollar. Comments from Ueda suggest conditions are ripe for another interest rate hike. The USD/JPY currency pair is dipping to about 147.20 during the early trading hours […]
Cracker Barrel stock rises 7% after changing logo back, even with calls for CEO to resign
Cracker Barrel Sees Boost After Reversing Logo Redesign Shares of Cracker Barrel climbed 7% on Wednesday following the restaurant chain’s decision to reverse its contentious logo redesign. However, customers are now urging for significant leadership changes, particularly calling for the CEO to be removed. One frustrated customer expressed on social media, “I won’t return until […]