Category: U.S
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GSK shares jump after settlement of 80,000 Zantac lawsuits in U.S By Reuters
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(Reuters) – GlaxoSmithKline shares rose 6 percent on Thursday after the British drugmaker agreed to pay up to $2.2 billion to settle lawsuits in the United States alleging that the discontinued heartburn drug Zantac causes cancer. The agreement, announced on Wednesday, was well below some analysts’ estimates, including JPMorgan’s forecast…
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U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.94% By Investing.com
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Investing.com – U.S. stocks fell after the close on Monday, as sector and sector losses dragged stocks lower. At the end of trading on the New York Stock Exchange, the index lost 0.94%, while the index lost 0.96%, and the index fell 1.17%. The best performers of the session were…
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Crypto Ponzi Scheme Leader Sentenced to 10 Years by U.S. Court
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David Carmona, founder of cryptocurrency Ponzi scheme IcomTech, received a 10-year prison sentence following a court ruling last week. This development was revealed on October 4 by the US Attorney’s Office for the Southern District of New York. Carmona will spend 121 months in prison for cryptocurrency fraud According to…
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Mixed U.S. Jobs Data Triggers Choppy U.S. Dollar Moves
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As markets hotly debate the Fed’s next policy moves, US labor market updates – which Fed members said they are closely following – are likely to increase volatility between major US dollar pairs. Thursday report from Challenger, Gray and Christmas reversed 72,821 planned job cuts in SeptemberThis is slightly lower…
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Chart Art: EUR/USD Is at a Range Support Ahead of the U.S. NFP Release!
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Looking for trade setups during the US Nonfarm Payrolls report? We have arrived! In case you missed this news, the EUR/USD pair looks like it is poised near a technical support level ahead of Uncle Sam’s employment updates. EUR/USD for 4 hours Chart by TradingView The euro is not having…
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U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
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The US Nonfarm Payrolls Change report came in slightly better than expected with 143K in employment gains versus 126K for September. This was also higher than the net job gain of 103,000 jobs in the previous month. This was the first better-than-expected reading in the past five months, as the…
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U.S. ADP Non-Farm Employment Surpassed Estimates But Pay Growth Slowed
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The US Nonfarm Payrolls Change report came in slightly better than expected with 143K in employment gains versus 126K for September. This was also higher than the net job gain of 103,000 jobs in the previous month. This was the first better-than-expected reading in the past five months, as the…
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U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
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The September US ISM Manufacturing PMI survey came in weaker than expected, with the index remaining flat at 47.2 to reflect the same pace of industry contraction rather than improving to expectations of 47.6. This was the sixth month in a row that the index remained below 50.0, with the…
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FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
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The NZD/USD pair is having trouble extending its downtrend since it reached a potential support zone! Profit taking after last week’s extended moves may have pulled the NZD/USD down from highs at 0.6375. To make matters worse, this JPow was not as pessimistic as the markets expected, and only saw…
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Impending expiry of U.S. sanctions licence threatens Russia’s yuan liquidity By Reuters
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Written by Elena Fabrichnaya MOSCOW (Reuters) – The expiration of a U.S. license allowing transactions involving pillars of Russia’s financial infrastructure could make doing business with Russian companies more difficult and costly, sources involved in imports and payments told Reuters. The yuan, which hit a near one-year high against the…
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U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September
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Data from S&P Global showed the gap in growth between the manufacturing and services sectors continued in September. flash manufacturing Purchasing Managers’ Index for September: 47.0 (Expected 48.6, down from 48.0 to 47.9) flash Services Purchasing Managers’ Index for September: 55.4 (55.3 forecast, 55.7 previously) producer of goods Manufacturing sector…
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Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
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Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt. BREAKING: ?? Donald…
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Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
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Donald Trump has increasingly embraced Bitcoin and cryptocurrencies during his 2024 presidential campaign. Recently, when asked about the future of cryptocurrencies, Trump responded that he believes “cryptocurrencies have a great future” and floated the idea of using them to pay off the $35 trillion US national debt. BREAKING: ?? Donald…
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How Bitcoin Will React After The U.S. Election
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As the US presidential election approaches, it’s worth examining how previous elections have impacted the price of Bitcoin. Historically, the US stock market has shown notable trends during election periods. Given Bitcoin’s correlation with stocks, most notably the S&P 500, these trends could provide insights into what might happen next.…
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How Bitcoin Will React After The U.S. Election
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As the US presidential election approaches, it’s worth examining how previous elections have impacted the price of Bitcoin. Historically, the US stock market has shown notable trends during election periods. Given Bitcoin’s correlation with stocks, most notably the S&P 500, these trends could provide insights into what might happen next.…
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U.S. ranks worst, Australia best in 2024 survey of health care systems
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The U.S. health care system is in a unique category, according to a new analysis of health system performance in 10 high-income countries — but in a devastating way. Americans are living sicker lives and dying younger, according to a report by Commonwealth Fundan independent healthcare research company. Mirror, Mirror…
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What is the U.S. dollar’s role in stablecoin ecosystems?
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Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the…
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What is the U.S. dollar’s role in stablecoin ecosystems?
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Stablecoins have seen explosive growth in the last four years, increasing from a $17.6 billion market capitalization to $170.6 billion. The number of holders has also skyrocketed from 3.78 million to 119.72 million. However, this growth brings critical questions. How safe is it to hold stablecoins? How secure are the…
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U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say
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SlavkoSereda/iStock via Getty Images Crude oil futures ended a volatile week with modest gains, as the disruption of U.S. offshore production due to Hurricane Francine offset longer-term concerns about the demand outlook highlighted by OPEC, the U.S. Energy Information Administration and the Paris-based International Energy Agency, which all cut their…