Category: U.S
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New U.S. president must bring clarity to crypto regulation, analyst says
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Whoever wins the upcoming US election and becomes president should work to bring regulatory clarity to the cryptocurrency sector, says Lucy Gazmarian, founder and director of Token Bay Capital. Gazmararian shared this perspective during interview She noted that the bull market rally we saw earlier in the year occurred amid…
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New U.S. president must bring clarity to crypto regulation, analyst says
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Whoever wins the upcoming US election and becomes president should work to bring regulatory clarity to the cryptocurrency sector, says Lucy Gazmarian, founder and director of Token Bay Capital. Gazmararian shared this perspective during interview She noted that the bull market rally we saw earlier in the year occurred amid…
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Weekly U.S. economic data roundup: Year-ahead inflation expectations at 2020 levels
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Prime Minister Pictures Last week was a busy week for Wall Street in terms of economic data, with the Federal Reserve’s preferred inflation gauge coming in the spotlight on Friday. Notably, inflation expectations for the coming year from both the Conference Board and the University of Michigan dropped to 1.3%.…
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U.S. Core PCE Prices Held Steady in July as Consumer Spending Rises
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The latest US economic data suggests that inflation will remain stable in July 2024, while consumer spending will increase, according to figures released today by the Bureau of Economic Analysis (BEA). The core personal consumption expenditures (PCE) price index, a key inflation gauge closely watched by the Federal Reserve, rose…
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U.S. Q2 2024 GDP Revised Higher Thanks to Stronger Consumer Spending
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The second edition of the US GDP reading has been upgraded to show: Faster expansion of 3.0% in Q2 2024 This is up from the initial figure of 2.8%. This also reflects a significant acceleration in economic growth compared to the first quarter of 2024 GDP of 1.4%. The positive…
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Lightspark Introduces Instant Bitcoin Lightning Payments for U.S. Businesses with New Feature
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Lightspark, the leader in Bitcoin Lightning Network payments, It was announced Launching Lightspark Extend, a new solution that allows businesses to facilitate instant payments via Lightning for eligible account holders in the US. ? Now Available: Lightspark Extend connects Lightning to eligible US account holders in real-time. With Lightspark Extend,…
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U.S. headed for bumper crop, which could be a bummer for farmers (NYSEARCA:WEAT)
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Masoud Zengin/iStock via Getty Images U.S. wheat futures rose for a second straight session on Wednesday, jumping about 1.5% in Chicago after rising 2% in the previous session following reports that U.S. corn, soybeans and spring wheat grades deteriorated last week. Meanwhile, domestic wheat prices in Russia rose. The beginning…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily FX Market Review: U.S. Dollar Weakens to New Lows of the Year!
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the US Dollar Index Gold hit a 2024 low last week after dovish comments from Federal Reserve Chairman Jerome Powell prompted global currency markets to expect a more dovish stance from the Fed than previously thought. This has led to continued selling pressure, causing the US dollar to fall to…
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Daily FX Market Review: U.S. Dollar Hits Its Lowest Point of the Year!
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The US dollar hit its lowest level this year on Tuesday as market participants awaited the Federal Reserve’s next interest rate cuts. The dollar fell to levels not seen since early January, reflecting expectations that the U.S. Federal Reserve will begin cutting interest rates next month. This decline comes in…
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Goldman cuts U.S. recession risk (S&P Complete Indices:SP500)
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fire A string of positive economic data in recent days has prompted Goldman Sachs to lower its forecast for the U.S. economy to 20% from 25% next year. In a research note issued on Saturday, the investment bank said: He pointed to further cuts in the next 12-month outlook, subject…
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U.S. will very likely fight a war against Russia, China and Iran: Alex Karp
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The U.S. military has long prioritized the ability to fight two wars simultaneously in different parts of the world, similar to its efforts in the Pacific and European theaters during World War II. But Alex Karp, CEO of Palantir, a data mining software company known for its work in defense…
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Steelworkers: U.S. Department of Commerce’s decision to double duties on Canadian softwood lumber is pure protectionism
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Article Content BURNABY, British Columbia, Aug. 17, 2024 (GLOBE NEWSWIRE) — The United Steelworkers (USW) has criticized the U.S. Department of Commerce’s decision to double tariffs on Canadian softwood lumber. “The U.S. Department of Commerce’s decision to double existing duties and tariffs on Canadian softwood lumber products is nothing more…
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U.S. refiners cutting Q3 output across the board on weaker margins, plant overhauls
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a fourth straight session on Friday and posted their first weekly gain in five weeks, supported by tightening inventories, especially in the United States, and a fundamental risk premium around tensions in the Middle East. Analysts said A drop in initial…
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Iranians are creating fake news websites and impersonating activists to create chaos in the U.S., Microsoft found
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Iran Online activity is accelerating which appears to be aimed at influencing US electionsMicrosoft said Friday that in one case it targeted a presidential campaign with an email phishing attack. Iranian actors have also spent recent months creating fake news sites and impersonating activists, paving the way for further division.…
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U.S. keeps Vietnam as non-market economy, despite efforts to woo Hanoi By Reuters
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By David Brunstrom and Phuong Nguyen WASHINGTON/HANOI (Reuters) – The U.S. Commerce Department said on Friday it will continue to classify Vietnam as a non-market economy, a disappointing decision for Hanoi, which the United States has been courting as part of its efforts to counter China. Vietnam has long sought…
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Gold dips on weak U.S. jobs report but analysts see more record highs ahead (NYSEARCA:GLD)
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monsitj/iStock via Getty Images Gold futures ended lower on Friday, reversing earlier gains, as part of a general sell-off in riskier assets after a weak U.S. jobs report raised concerns that the Federal Reserve’s hold on interest rates could cause a real economic slowdown. the prices U.S. stocks briefly rose…
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U.S. crude surges to biggest gain since October after strike kills Hamas leader in Iran
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SlavkoSereda/iStock via Getty Images U.S. crude oil futures jumped more than 4 percent on Wednesday after the assassination of Hamas political leader Ismail Haniyeh in Tehran just hours after an Israeli strike on a top Hezbollah military leader in Beirut raised fears of a possible direct conflict between Israel and…
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U.S. home insurers are said to face biggest loss of century in 2023 (NYSE:ALL)
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Bill Oxford/E+ via Getty Images Home insurers in the United States last year suffered their worst underwriting loss this century, the Financial Times reported on Sunday, as natural disasters, inflation and population growth in high-risk areas put pressure on insurers’ finances. They made a net loss on the underwriting. Saudi…
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U.S. home insurers are said to face biggest loss of century in 2023 (NYSE:ALL)
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Bill Oxford/E+ via Getty Images Home insurers in the United States last year suffered their worst underwriting loss this century, the Financial Times reported on Sunday, as natural disasters, inflation and population growth in high-risk areas put pressure on insurers’ finances. They made a net loss on the underwriting. Saudi…