USD/JPY rising sharply
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Wholesale prices drop sharply, the biggest decrease since 2020, despite tariffs.
In a surprising turn, US wholesale prices decreased in April for the first time in over a year, despite President Trump’s sweeping import tariffs. The Producer Price Index (PPI), which gauges inflation before consumer impact, saw a 0.5% drop from the previous month—this marked the first decline since October 2023 and was the most significant […]
Wholesale prices dropped sharply in April during the trade conflict.
In April, wholesale prices experienced their most significant drop since the early days of the pandemic, coinciding with Trump’s ongoing trade war. The Producer Price Index (PPI), which tracks wholesale inflation, decreased by 0.5% from March to April. This marks the largest monthly decline since April 2020, just after the pandemic led to widespread economic […]
USD/JPY rises sharply as risk appetite impacts the safe-haven Yen.
USD/JPY is trading close to 148.00, up about 2%, following a tariff ceasefire between the US and China, which boosts risk appetite. The US and China have settled on a 90-day tariff reduction, with the US lowering its rate to 30% and China to 10%. The key support levels are 146.45, 146.29, and 145.69, while […]
Trump Reacts Sharply to ABC News Reporter Questioning Him About Accepting a Gift from Qatar
Trump’s Acceptance of Qatar’s Gift Sparks Controversy On Monday, President Donald Trump faced ABC News reporters as he accepted a lavish gift from Qatar’s royal family for the US government. The gift is a Boeing 747-8 jet, which was previously used as Air Force One and is set to be transitioned to his presidential library […]
Pound Sterling drops sharply against US Dollar as US and China agree to reduce tariffs.
The pound is currently trading below 1.3200 against the US dollar, following an agreement between the US and China to reduce tariffs by 115% over the next 90 days. This reduction in tariffs could allow the Federal Reserve to lower interest rates. Investors will be looking at UK employment and US CPI data, which will […]
Cape Cod sharply vandalized with nearly 500 point-up nails embedded on roads: police
Point ups were found with hundreds of sharp claws mysteriously embedded in the roads of the town of Cape Cod. And the police don’t know who is behind the dangerous stunts. At least 478 nails were recovered early Friday morning, spreading across four Falmouth roads, according to the Falmouth Police Department. Photos shared by the […]
CBO projects deficits will sharply rise if Trump tax cuts made permanent
New forecasts from official legislative scorers in Congress will explode if Trump's tax cuts are permanent and simply not expanded. In response to a survey from David Schweikert (R-Ariz.), a member of the Methods and Means Committee, the Congressional Budget Office (CBO) found on Friday that debt levels would reach 214% of GDP in 2054, […]
Diamond prices dropping sharply – Boing Boing
Diamonds may be forever, but prices are falling fast. Naturally formed diamonds lose their value very quickly –26% less in stores today than two years ago– One gemologist described them as a “waste of money”. The fall is being driven, among other things, by the mass production of lab-grown diamonds, whose own value has fallen […]
U.S. Trade Deficit Narrows Sharply in October, Exceeding Expectations
The U.S. trade deficit narrowed significantly in October, falling 11.9% to $73.8 billion, according to data released Thursday by the Commerce Department. This was a much smaller deficit than expected, as economists had expected a deficit of $75.4 billion. The trade gap for September has been revised downward to $83.7 billion from the original estimate […]