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Finance
Stocks regain some of their footing; IRS report card for 2024 has ‘good news’
Wall St. firm up after latest sell-offNEW YORK — Wall Street held firmer on Jan. 8, a day after strong reports on the economy hurt U.S. stocks by stirring up worries that inflation and interest rates may remain higher than expected.The…
Trump tariffs, bond yields spike, Nvidia selloff: 3 Things
Stock futures (ES=F, NQ=F, YM=F) have fallen sharply from session highs over President-elect Donald Trump's new tariff policy proposals using the International Economic Emergency Powers Act (IEEPA). Futures have shifted upward, now…
China’s currency hits 16-month low on Trump tariff fears
China’s currency has weakened to a 16-month low as the potential for sharp tariff increases from the incoming Trump administration fuels concern over growth prospects for the world’s second-largest economy.The onshore renminbi fell 0.1…
Stock market today: Nasdaq leads stock declines as traders pare rate cut bets, Nvidia
US stocks reversed early gains to close firmly lower as cautious investors weighed new economic data, while Nvidia (NVDA) retreated from its record close despite the company's big artificial intelligence plans. The benchmark S&P…
EUR/USD sprints higher with disinflation facing hiccup in several European countries,
EUR/USD is trading higher again, flirting with a fresh seven-day high.
European inflation is heading higher again in several core countries, snapping the disinflationary path.
Meanwhile, markets remain on edge…
Millions to get higher Social Security payments under new law
Social Security Fairness Act signed into law President Biden signed a bill Sunday that boosts Social Security payments for nearly 3 million people. President Biden on Sunday signed a measure into law that will boost Social Security…
GBP/USD swings amid US tariff speculation, Trump comments
GBP/USD fluctuates between 1.2450 and 1.2550 after conflicting reports on US tariff plans by President-elect Trump.
UK services sector momentum slows as December S&P Global Services PMI drops from 51.4 to…
After A 200% Rise In 2024 What’s The Next Trigger For XRP Price?
SYMBOL - 23 April 2024, Baden-Württemberg, Rottweil: The logo of the cryptocurrency Ripple (XRP) can ... be seen on the CoinMarcetCap trading platform. Photo: Silas Stein/dpa (Photo by Silas Stein/picture alliance via Getty…
Gold keeps the red near 100-day SMA despite modest USD weakness
Gold price attracts some follow-through selling for the second successive day on Monday.
The Fed’s hawkish shift remains supportive of elevated US bond yields and exerts pressure.
Geopolitical risks and trade…
EUR/USD Price Forecast: The path of least resistance is to the downside near 1.0300
EUR/USD drifts lower to around 1.0315 in Monday’s early European session.
The negative view of the pair prevails below the 100-day EMA with the bearish RSI indicator.
The initial support level is seen at…