Category: U.S
-
U.S. September ISM Manufacturing PMI Prices Index Contracted for the First Time This Year
•
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…
-
FX Watch: NZD/USD’s Trend Opportunity Ahead Of The U.S. ISM Manufacturing PMI
•
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…
-
Impending expiry of U.S. sanctions licence threatens Russia’s yuan liquidity By Reuters
•
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…
-
U.S. Flash PMIs Show Slower Hiring And Rising Inflation In September
•
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…
-
Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
•
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…
-
Donald Trump Says Crypto Could Help Pay Off $35 Trillion U.S. Debt
•
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…
-
How Bitcoin Will React After The U.S. Election
•
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.…
-
How Bitcoin Will React After The U.S. Election
•
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.…
-
U.S. ranks worst, Australia best in 2024 survey of health care systems
•
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…
-
What is the U.S. dollar’s role in stablecoin ecosystems?
•
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…
-
What is the U.S. dollar’s role in stablecoin ecosystems?
•
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…
-
U.S. gasoline prices poised to drop below $3/gallon ahead of election, analysts say
•
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…
-
White House officials signal delay in U.S. Steel takeover decision, Washington Post reports By Reuters
•
(Reuters) – White House officials have signaled a delay in making a decision on Japan’s Nippon Steel Corp.’s acquisition of U.S. Steel, the Washington Post reported on Friday. The Committee on Foreign Investment in the United States, Nippon and U.S. Steel declined to comment. The White House did not immediately…
-
Over 40% of U.S. Gulf of Mexico oil output shut-in by Francine but little damage seen
•
SlavkoSereda/iStock via Getty Images Crude oil prices rose for a second straight session on Thursday as Hurricane Francine forced several offshore wells to shut in production, but gains were capped by lingering concerns about the outlook for crude demand. More than 730 thousand barrels per day, or 42% of Crude…
-
Nasdaq CEO: U.S. economic growth would be 0.5% higher if it weren’t for fraud
•
If financial crime were a sector of the U.S. economy, it would be on par with accommodation and food services—money laundering activity would account for 3.1% of national GDP in 2023. Despite its scale, financial crime remains a largely hidden epidemic, spanning jurisdictions and borders and underpinning many of society’s…
-
Top tech, U.S. officials to discuss powering AI -CNN By Reuters
•
WASHINGTON (Reuters) – Executives from OpenAI, Google and Anthropic will meet with top U.S. officials at the White House on Thursday to discuss the energy and infrastructure needed to power artificial intelligence, CNN reported, citing a person familiar with the matter. OpenAI CEO Sam Altman, Google CEO Ruth Porat, Anthropic…
-
Stellantis dealers in U.S. blame CEO for ‘rapid degradation’ of its brands
•
jetcityimage/iStock Editorial via Getty Images Stellantis’NYSE: STLAThe U.S. auto dealer network has criticized CEO Carlos Tavares for the “rapid decline” of its brands, accusing him of “short-term decisions” that have increased profits and his own compensation, according to an open letter seen by Bloomberg. The car manufacturer has The company…
-
Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
•
The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…
-
Hotter U.S. Core Inflation Reduced The Odds Of A 50bps Fed Rate Cut
•
The US Bureau of Labor Statistics data showed that the headline inflation rate in the United States was 0.2% on a monthly basis in August, the same as July and analysts’ estimates. Annual inflation slowed sharply from 2.9% to 2.5%, slower than market expectations of 2.7%. In fact, 2.5% is…