Harris solidifies support with Black voters, Trump numbers hold steady: poll
More Black Americans plan to make their voices heard on Election Day after Vice President Kamala Harris replaced President Biden as the Democratic nominee, according to a poll released on Monday. A Washington Post-Ipsos poll found that 69% of black Americans say they will “definitely” vote on Election Day, up from 62% in April, while […]
Job Creation Below What’s Needed to Keep ‘Steady Employment’, Many Have Inflation Higher than CPI
On Friday's broadcast of WBUR's “Here and Now,” MSNBC chief economics correspondent and MSNBC host Ali Velshi said the August jobs report showed job creation was “lower than what's needed to maintain stable employment.” He also said that while wages are outpacing inflation, “inflation is high for a lot of people who have to pay […]
Inflation holds steady as Fed nears rate cuts
Inflation held steady in July as U.S. households increased spending and saw their incomes rise slightly, according to data released Friday by the Bureau of Economic Analysis. The personal consumption expenditures (PCE) price index, the Federal Reserve's preferred way of measuring inflation, rose 0.2% last month and 2.5% over the past year. Both the monthly […]
US Dollar steady to sideways with Housing Price data not moving the needle thus far – FXStreet
The US dollar was flat against major currencies on Tuesday. Markets have regained momentum from last Friday and are returning to a riskier stance as tensions in the Middle East have eased somewhat. The US Dollar Index is trading sideways at just below 101.00. The US Dollar (USD) recovered briefly on Monday after a sharp […]
Gold Price Forecast: XAU/USD holds steady above $2,450 on positive Retail Sales data – FXStreet
Gold prices were trading flat around $2,455 in early Asian trading on Friday. US retail sales rose 1.0% month-on-month in July, beating expectations. Initial jobless claims fell 7,000 from the previous week to 227,000. Rising geopolitical risks in the Middle East could limit gold’s declines. Gold prices (XAU/USD) were trading sideways around $2,455 in early […]
A steady ETF is breaking out during this volatile market environment, according to the charts – CNBC
After the volatile trading of the past few weeks, few major ETFs are back at 52-week highs and showing multiple bullish patterns. But one of them is the iShares Global Infrastructure ETF (IGF). The first question we should ask ourselves is, “Why is IGF showing such strong relative strength while so many other sectors have […]
Fed Holds Rates Steady But Sends Mixed Signals About Timing of A Cut Later This Year
Federal Reserve officials agreed to keep interest rates at their highest level in 22 years and signaled they could cut rates later this year if signs of inflation continuing to fall to the central bank’s 2 percent target continue. Officials on Wednesday left the central bank’s benchmark federal funds rate unchanged at a range of […]
Fed holds interest rates steady at 23-year high, but opens the door to reducing rates
Jerome Powell spoke after the Fed announced its interest rate decision. of Federal Reserve The Fed on Wednesday kept interest rates unchanged at their highest levels in more than two decades but signaled that recent developments in inflation mean it may soon lower borrowing costs. The widely expected decision will leave interest rates in the […]
Coca-Cola raises annual sales, profit forecasts on steady demand
Gargi Chaudhuri, Chief Investment and Portfolio Strategist at BlackRock, discusses the value rally and earnings growth potential of small-cap stocks on “The Craman Countdown.” Coca-Cola on Tuesday raised its full-year organic sales and profit outlook, signaling that consumers, mainly in international markets, are willing to spend more for the company’s higher-priced sodas, energy drinks and […]
Gas prices: Remain steady to start the week
Gas prices continue to be an important topic heading into the 2024 presidential election. With President Joe Biden deciding not to seek reelection, presumptive Democratic nominee Vice President Kamala Harris, will have to address the high prices of gas in the country. While there has been a decrease at the pumps in recent weeks and […]