Disappointing July jobs data raises expectations for a Fed rate cut in September
Lisa Shalett, Chief Investment Officer at Morgan Stanley Wealth Management, recently joined a discussion to evaluate how investors perceive the market after conflicting employment reports. The recent employment data has led the market to increasingly anticipate interest rate cuts by the Federal Reserve at their upcoming meeting in September. This change follows the Federal Open […]
The impact of a September interest rate cut on stocks and an optimistic outlook on AI investments.
Every day, the CNBC Investing Club with Jim Cramer shares insights. So, here’s the latest: Wall Street is experiencing a solid rebound after a rough close last week, driven by disappointing employment reports. All major indices, including the S&P 500, tech-heavy Nasdaq, and the Dow—which includes 30 stocks—are up more than 1% during afternoon trading. […]
Senate resolves impasse on government funding as September 30 deadline approaches
Senate Approves Key Spending Bills Amid Partisan Tensions The Senate made progress late Friday by passing a set of crucial spending bills, overcoming partisan hurdles that could have stalled government funding efforts. Three significant bills moved forward, covering military construction, veterans’ affairs, as well as agriculture and FDA funding. It seemed like lawmakers, from both […]
Work on the $200 million ballroom at the White House will start in September
White House Announces New Ballroom Construction On Thursday, the White House revealed that work on a $200 million ballroom will commence in September, aiming for completion in early 2029, just in time for President Trump’s entertaining plans. This follows a series of changes introduced to the “house of man” since Trump assumed office in January, […]
GBP/USD declines as Fed delays September cut, US data bolsters Dollar
GBP/USD declines following a Federal Reserve decision to maintain interest rates without guidance for September. US unemployment claims decrease to 218k, reflecting a robust labor market that supports the USD. Year-on-year Core PCE in June rises to 2.8%, with headline PCE at 2.6%, both figures exceeding estimates. During Thursday’s North American session, GBP/USD experienced modest […]
Canada reveals intentions to acknowledge ‘State of Palestine’ at September UN General Assembly: ‘No time to waste’
Canada to Recognize Palestine This September On Wednesday, Canadian Prime Minister Mark Carney announced that Canada will officially recognize Palestine in September, following similar moves made by France and the UK. This recognition will be made public at the upcoming UN General Assembly, signaling a shift in support toward Palestinian statehood. Carney emphasized Canada’s commitment […]
The inflation measure favored by the Fed rises as tariffs increase prices, raising doubts about a rate cut in September.
The Federal Reserve’s preferred measure of inflation saw a slight decline in June as tariffs on imported goods began raising costs for some products. The Personal Consumption Expenditure (PCE) price index climbed by 0.3% last month, aligning with economists’ predictions from a Reuters survey. Year-over-year, PCE increased by 2.6%. Core PCE, which strips out the […]
Canada intends to acknowledge Palestinian statehood in September, according to PM Carney.
Canada’s Upcoming Recognition of a Palestinian State Canada plans to recognize a Palestinian state during a UN meeting in September, as announced by Prime Minister Mark Carney on Wednesday. Carney emphasized that this decision aims to support the potential for a two-state solution and to prevent further negative developments in the region, including violence and […]
Supreme Court will examine Ghislaine Maxwell’s request in September session
Supreme Court to Review Ghislaine Maxwell’s Appeal The Supreme Court announced on Wednesday that it will consider Ghislaine Maxwell’s appeal regarding her conviction for sex trafficking as part of its upcoming review during the September closure meeting. A brief notice was posted by the Supreme Court on September 29, indicating that they will examine a […]
UK Prime Minister Starmer: Britain will acknowledge Palestinian State in September if Israel doesn’t agree to a ceasefire and engage in the peace process.
UK’s Recognition of Palestine Hinges on Israel’s Actions British Prime Minister Kiel Starmer recently communicated that the UK plans to officially acknowledge “Palestine” as recognized by the UN General Assembly, contingent on Israel making significant moves to improve conditions in Gaza. This announcement came at the end of September. If Israel agrees to a ceasefire, […]