Category: U.S
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Spooked U.S. stock market faces tech earnings minefield, Fed meeting By Reuters
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By David Randall NEW YORK (Reuters) – Nervous investors are bracing for earnings from the market’s biggest technology companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the immediate path for U.S. stocks after a bout of intense turmoil. A months-long rally…
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How El Chapo’s son helped U.S. arrest fabled narco chief “El Mayo” By Reuters
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Written by Drazen Georgic (Reuters) – As a helicopter flew toward the U.S.-Mexico border on Thursday to cross illegally, U.S. agents rushed to meet it at a small municipal airport near El Paso, Texas, and arrested two men who were part of a Mexican drug lord’s family. The son of…
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Strong Consumer Spending And Private Inventories Boosted U.S. GDP in Q2
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The preliminary estimate of US GDP for the second quarter of 2024 showed Economy grows by 2.8%This is much faster than the expected 2.5% increase and almost double the downwardly revised 1.4% growth in the previous quarter! The Ministry of Commerce explained that the acceleration in growth from the first…
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U.S. Government Liquidates Seized Bitcoin Worth $4 Million Through Coinbase
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The US government has once again made headlines in the cryptocurrency market, this time by initiating the transfer of US funds from Coinbase in the form of a large amount of confiscated Bitcoin (BTC) to the prominent digital asset exchange. According to data tracked by blockchain analytics firm Arkham IntelligenceThe…
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U.S. Government Liquidates Seized Bitcoin Worth $4 Million Through Coinbase
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The US government has once again made headlines in the cryptocurrency market, this time by initiating the transfer of US funds from Coinbase in the form of a large amount of confiscated Bitcoin (BTC) to the prominent digital asset exchange. According to data tracked by blockchain analytics firm Arkham IntelligenceThe…
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Chart Art: U.S. Dollar Index’s (DXY) Potential Bullish Reversal
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The US dollar may be ready for a sharp rally after seeing a bearish trend earlier this month. Do you think the US dollar is ready to rise? Take a look at the reversal pattern on the 4-hour chart! US Dollar Index (DXY) 4-hour Chart by TV Days after retesting…
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U.S. ranks next to last in development time for new critical minerals mines – S&P
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Olemedia/E+ via Getty Images The United States has Second longest delivery times in the world There is a need to develop new mines for critical minerals that are vital to the energy transition, S&P Global said this week in a new report that also noted a rise in litigation against…
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U.S. court rules against Booking.com in Ryanair screen-scraping case By Reuters
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DUBLIN (Reuters) – A U.S. court has ruled that Booking.com violated the Computer Fraud and Abuse Act by accessing part of Ryanair’s website without permission, court documents showed. The Irish airline, Europe’s largest by passenger numbers, said the ruling would help end unauthorised manipulation of passenger data by booking sites.…
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Nippon Steel hires Mike Pompeo to advise on U.S. Steel deal By Reuters
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TOKYO (Reuters) – Japan’s largest steelmaker Nippon Steel Corp said on Saturday it has hired former U.S. Secretary of State Mike Pompeo to help in its efforts to acquire U.S. Steel. “We look forward to working with him to further emphasize the ways in which Nippon Steel’s acquisition of U.S.…
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6 reasons why U.S. economy may not achieve soft landing: BCA By Investing.com
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BCA Research has identified six key reasons why the U.S. economy may struggle to achieve a soft landing, as explained in its latest note, “Cold Hard Facts: Positioning for an Economic Downturn.” Here are the six factors they believe could prevent a soft landing: 1. Consumer Drainage: The company notes…
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U.S. FTC probes Hess, Occidental execs over OPEC communication, Bloomberg reports By Reuters
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(Reuters) – The U.S. Federal Trade Commission is investigating executives from major oil companies, including Hess Company U.S. energy companies Occidental Petroleum Corp. (NYSE:O) and Diamondback Energy Inc. (NASDAQ:D) will be investigated over their contacts with OPEC officials, Bloomberg News reported on Friday, citing people familiar with the matter. The…
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Major U.S. carriers including American, UAL ground flights citing comms issue By Reuters
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Microsoft said early Friday that an outage of its cloud services in the central United States had been resolved after it led to the grounding and cancellation of several flights. Low-cost carriers Frontier Airlines, a unit of Frontier Holdings, Allegiant and Sun Country, have reported disruptions that have affected operations.…
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Crude oil rises as U.S. inventories fell for third straight week (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures rose on Wednesday, snapping a three-session losing streak, after the United States reported a much larger-than-expected draw in crude inventories last week, marking a third straight decline. the Crude inventories fell by 4.9 million barrels. It was accompanied by Gasoline and diesel stocks…
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U.S. Retail Sales Take a Breather But Still Up 2.3% From Last Year
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The latest preliminary estimates from the U.S. Census Bureau show that U.S. retail and food service sales decided to take a short breather in June 2024, remaining virtually unchanged from May at $704.3 billion. But wait, sales are still up 2.3% compared to June 2023, so it’s not all doom…
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Ripple CEO Slams SEC! Will XRP Surge Post U.S. Elections?
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The crypto world has been filled with recent developments surrounding ripplethe fintech company behind the XRP cryptocurrency. At the center of the discussion is Ripple CEO Brad Garlinghouse, who has taken a bold stance in criticizing the U.S. Securities and Exchange Commission (SEC) and its chairman, SEC Chairman Gary Gensler.…
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Crude oil edges higher as U.S. inflation reading bolsters rate cut hopes (NYSEARCA:USO)
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SlavkoSereda/iStock via Getty Images Crude oil futures rose for a second straight session on Thursday, as a weaker-than-expected reading on U.S. inflation was seen increasing the chances of a September interest rate cut by the Federal Reserve. The US government announced that the consumer price index fell. The U.S. inflation…
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Cooler U.S. June CPI Boosted Odds Of Multiple Fed Rate Cuts In 2024
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U.S. consumer prices fell unexpectedly in June, The consumer price index fell 0.1% on a monthly basis. This represents the first decline since May 2020 and is in contrast to the expected 0.1% increase. It also represents a shift from the flat reading in May. When we remove volatile materials…
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Wages in the U.K. are growing twice as fast as Europe and the U.S. thanks to one simple policy
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The new Labour government in the UK has emerged from its landslide election victory promising to return the country to its economic highs. The latest evidence of workers’ wage growth will provide a good platform for the government to deliver on that promise. Wages rose by 7% in the UK…
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U.S. Treasury auctioned off $58 billion of three-year notes at a high yield of 4.399%
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High return: %, average of six auctions 4.390% Tail: -0.8bp, average of six auctions -0.1bp Bid to Cover Ratio: 2.67x, Average of Six Auctions 2.57x Merchants: 14.8%, average of six auctions 17.0% Direct: 21.3%, average of six auctions 17.8% Indirect: 64.0%, average of six auctions 65.2% Auction grade: A- This…
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Interest rates be damned: 3 reasons JPMorgan’s commercial banking clients are optimistic about the U.S. economy
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Federal Reserve interest rates, which influence global lending rates, are higher than they have been in 23 years. But that’s not stopping JPMorgan Chase clients from feeling optimistic. In a survey of more than 100 founders and senior business leaders at companies generating up to $2 billion each, more than…