Pound Sterling surges on robust expansion in UK flash PMI – FXStreet
The pound continues to trend higher against the US dollar following strong UK flash PMI data for August. The UK’s composite PMI expanded at a strong pace to 53.4. The main event this week will be speeches from Chairman Powell and Chairman Bailey in Jackson Hole. The British Pound (GBP) surged to nearly 1.3130 against […]
Dow surges 400 points, strong retail sales data ease fears of slowdown
The Dow Jones Industrial Average surged more than 500 points and the Nasdaq Composite rose 2% after July retail sales data showed strong consumer spending, easing concerns that the world’s largest economy could slip into recession in the near future. The Dow Jones Industrial Average rose 554 points, or 1.4 percent, to 40,563.06. The S&P […]
USD/JPY surges above 149.00 after upbeat US data – FXStreet
USD/JPY picked up bullish momentum and rose above 149.00. Strong US retail sales and jobless claims data will boost the US dollar. The US Dollar Index rose more than 0.5% on the day to above 103.00. USD/JPY picked up bullish momentum in the US market on Thursday, breaking out of a one-week range. At the […]
Harris takes 4-point lead over Trump as favorability rating suddenly surges, poll finds
Vice President Kamala Harris has built a four-point lead over former President Trump among likely voters, according to a poll conducted Thursday by Marquette Law School. The poll was conducted among 879 voters nationwide between July 24 and August 1 and has a declared margin of error of 4.1 percentage points. The poll showed Harris […]
Democrat Economic Optimism Surges, Republican Optimism Fades
Don’t underestimate Kamala’s rise of Kamalano Menon has been a big influence Regardless of how people view the economic outlook, you need to take a closer look at the data to know. A survey conducted by YouGov found that economist In mid-July, they began asking Americans how they viewed their household’s economic outlook a year […]
Wall Street’s fear gauge surges as global market selloff deepens
Weak jobs report sends stocks plummeting on recession fears. Adam Turnquist, chief technology strategist at LPL Financial, explains more. Wall Street’s fear index surged to its highest level in more than four years early Monday amid a global market sell-off. The Cboe Volatility Index, or VIX, a gauge of investor fear, surged 172% to 62.27 […]
U.S. Economy Added Just 114,000 Jobs in July, Unemployment Surges
The Labor Department said Friday that U.S. employers added 114,000 workers in July, helping push the unemployment rate up to 4.3%. Economists had expected 180,000 jobs and an unemployment rate of 4.1%. Disappointing employment growth and a sharp rise in the unemployment rate suggest the economy may be heading toward a recession. The unemployment rate […]
Tucker Carlson Show Surges Past Joe Rogan, Becomes Most Popular Podcast In America
The Tucker Carlson Show leapt into the top spot on Spotify’s USA podcast charts, passing the massively popular Joe Rogan Experience on Thursday. The podcast, which Daily Caller co-founder Tucker Carlson started in December after Fox News dismissed him last April, gained the top spot Thursday after trailing Rogan the previous day. The podcast has […]
GDP surges by 2.8%, giving hope for rate cuts in September
GDP is growing at 2.8% annually, which indicates that the economy is doing well. (iStock ) The pleasant surprise was that gross domestic product (GDP) grew 2.8% year-on-year in the second quarter. Advance quote This is good news for the overall economic outlook, as a GDP growth of between 2% and 3% indicates the U.S. […]
Dow surges more than 700 points as the stock market gears up for rate cuts – CNN
Spencer Pratt/Getty Images Economic data has also been surprisingly strong, even as interest rates remain at 23-year highs. new york CNN — There’s a clear shift in mood on Wall Street. Strong corporate earnings have driven stocks to repeatedly hit record highs in 2024, even as persistent inflation has forced investors to lower their estimates […]