Trump 2.0: Why a soft USD policy is unlikely to work – Investing.com
Deutsche Bank Research takes a closer look at the practical challenges of implementing a soft US dollar policy in light of the potential policies of a second Trump administration. Analysts highlight the obstacles and limitations of such a strategy and argue that tariffs and the associated strong impact on the US dollar are likely to […]
Possible Harris VP pick apologizes to diet Mountain Dew after mocking JD Vance for liking the soft drink
Kentucky Gov. Andy Beshear, who has been mentioned as a possible running mate for Kamala Harris, ended his press conference on Thursday with a bizarre apology for Diet Mountain Dew, just days after mocking Republican vice presidential nominee J.D. Vance’s fondness for the drink. Beshear, 46, pulled out a light green soft-drink bottle and placed […]
Gold prices steady above $2,400 as soft CPI data fuels rate cut bets – Investing.com
Investing.com — Gold prices were slightly lower in Asian markets on Friday but were still up sharply from the previous day’s trading after weaker-than-expected U.S. inflation data strengthened expectations of a rate cut in September. Gold prices benefited from a sharp drop in the dollar on Thursday, breaking through the closely watched $2,400 an ounce […]
Fed Chair Jerome Powell focused on soft landing, says inflation fight isn’t over
Federal Reserve Chairman Jerome Powell said on Wednesday he is not yet ready to declare that inflation has been conquered but believes the U.S. remains on a path to continued price stability and low unemployment. Powell and other Fed officials have said they won’t cut interest rates until they have more confidence that inflation, which […]
Morning Bid: Optimism rising high, soft landing on track By Reuters – Investing.com
Jamie McGeever (Reuters) – Future outlook for Asian markets. Investors entered the new week in optimistic spirit after last Friday’s U.S. jobs report put a “soft landing” scenario on track, driving down the dollar and bond yields and fuelling a relentless “risk-on” rally in stocks. Most of the world’s major stock markets are at all-time […]
LI man awarded nearly $2M after having part of his thumb chopped off by his BMW’s ‘soft close’ door
He may be missing two thumbs, but he’s made nearly $2 million. In 2016, a jury awarded $1.9 million in damages to a Long Island man whose thumb was sliced off by a BMW’s powered (and ironically named “soft-close”) door. Godwin Boateng, a 68-year-old software engineer from Valley Stream, was “elated” by Thursday’s sentence in […]
‘No Adult Supervision’: State Attorney Accuses Florida Judge Of Going Soft On Trump In Docs Case
A Democratic state attorney claimed Friday that United States District Judge Aileen Cannon of the Southern District of Florida was “overwhelmingly favorable” to former President Donald Trump due to not having “adult supervision.” Cannon has come under fire from Democrats for rulings that have been perceived as beneficial to Trump, leading them to demand her […]
Elon Musk says Tesla shareholders are backing his $56bn pay package; markets cling onto soft landing hopes – business live | Business
Important Events Musk says Tesla shareholders voted for $56 billion compensation package It’s a landmark day for Tesla as the company asks shareholders to approve a $56bn (£44bn) pay package for CEO Elon Musk. The bill is back up for approval after being rejected by a Delaware judge earlier this year, so the electric-vehicle maker […]
Consumer Strength Powers Growth Despite Soft Job Openings
JOLTS was stronger than it looked April’s key figures Survey of Job Openings and Labour Mobility (JOLT) The weaker-than-expected reading was a relief to those who believe a softening labor market will provide the basis for the Fed to cut interest rates this year. But a closer look at the report suggests the labor market […]
Stock futures slide as Salesforce tumbles on revenue miss and soft guidance: Live updates – CNBC
1 hour ago Salesforce alone is expected to drop 281 points off the Dow Jones Industrial Average when trading opens on Thursday. Salesforce shares fell about $43 in after-hours trading on Wednesday and are on track to fall 281 points off the Dow Jones Industrial Average when the market opens on Thursday. Salesforce is Second […]