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Sun, Nov 24, 2024 05:52 AM All times are UTC

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Currency War Series

Global Currency Shuffle: Euro Dips, Yen Recovers, and Markets Await Key Economic Signals

Nov 22, 2024 04:19 am UTC| Economy

The euro lost its shine against the US dollar due to strong US economic data and dovish comments from ECB members. It hit a fresh year-low yesterday and is hovering around that level. Yannis Stournaras from the European...

Ghana’s economic diplomacy: how three presidents with different ideologies dealt with the IMF and World Bank

Nov 22, 2024 03:04 am UTC| Insights & Views Economy

Since independence in 1956, Ghanas leaders have followed a variety of global ideologies, from centre-right to socialist. But the country has also blended these with local priorities, like anti-colonialism and economic...

Fed's Goolsbee Expects Rates to Drop 'Fair Bit Lower,' Cautions on Slowing Cuts

Nov 21, 2024 22:55 pm UTC| Economy Business

Chicago Fed President Austan Goolsbee said Thursday he anticipates interest rates will end up considerably lower within the next year. He cautioned that the Federal Reserve may need to decelerate rate cuts amid...

S&P 500 Climbs on Cyclical Stocks as Nvidia and Alphabet Diverge Amid Fed Speculation

Nov 21, 2024 22:39 pm UTC| Economy Technology Business

The SP 500 rose 0.5% Thursday, fueled by cyclical stocks like financials and industrials, offsetting tech sector volatility. Nvidias robust demand contrasted with Alphabets sharp dip on regulatory concerns. Cyclical...

Trump Pressed to Protect EV Tax Credits Amid China’s Subsidized Electric Car Push and Regulatory Battles

Nov 21, 2024 20:23 pm UTC| Economy Technology Business Politics

Automakers representing General Motors, Toyota, and Volkswagen are pressing President-elect Donald Trump to protect EV tax credits, address strict emissions rules, and counter Chinas EV export subsidies. Industry leaders...

Nvidia's AI Production Bottlenecks Spark Debate as Demand Skyrockets Beyond Supply Limits

Nov 21, 2024 20:11 pm UTC| Technology Business Economy

Nvidias AI chips face critical production hurdles, with soaring demand outpacing supply due to advanced packaging challenges. Analysts foresee persistent bottlenecks into 2025, reshaping the competitive...

FxWirePro- Major Economic events for the day

Nov 21, 2024 05:38 am UTC| Economy

Date Time Currency Event Actual Forecast Previous Thu Nov...

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Economy

TikTok CEO Turns to Musk for Guidance Amid Trump Policy Concerns, WSJ Reports

TikTok CEO Shou Zi Chew has reportedly consulted Elon Musk for insights on navigating potential U.S. tech policy shifts under the Trump administration, according to the Wall Street Journal. ByteDance executives remain...

Siri's AI Upgrade in iOS 19 May Signal Apple's Split from OpenAI and ChatGPT

In a bold move, Apple plans to overhaul Siri with advanced AI in iOS 19, potentially ending its partnership with OpenAI. The new Siri aims to match ChatGPTs capabilities, offering users more natural conversations and the...

Nvidia CEO: Trump’s AI Export Limits Won’t Halt Global Tech Collaboration

Jensen Huang, Nvidia CEO, expressed confidence that global tech collaboration will persist, even under U.S. export restrictions on advanced AI technologies introduced during Trumps term. Speaking in Hong Kong, Huang...

Canada retail sales rises in September

According to Statistics Canadas preliminary estimate, retail sales increased by a strong 0.4% month-over-month (m/m) in September. When inflation was taken into account, the gain was even more noticeable, with retail sales...

FxWirePro- Major economic events for the day

Date Time Currency Event Actual Forecast Previous Fri Nov...

Politics

Donald Trump's policy changes affecting student loans in 2025

Former President Donald Trump is set to introduce sweeping changes to student loan policies in 2025, stirring significant debate among borrowers and policymakers alike. The proposed reforms, outlined as part of his broader...

XRP Soars as Trump’s Pro-Crypto Treasury Pick Gains Ripple CEO’s Approval

Ripple CEO Brad Garlinghouse celebrated President-elect Donald Trumps nomination of Scott Bessent as Treasury Secretary, dubbing him a perfect pick. The pro-crypto stance ignited a surge in XRP prices, which soared over...

Donald Trump Nominates Mike Huckabee as U.S. Ambassador to Israel: ‘Tensions High, Stakes Higher’

Former President Donald J. Trump has announced his nomination of former Arkansas Gov. Mike Huckabee to serve as the next U.S. ambassador to Israel. If confirmed by the Senate, Huckabee would step into a crucial role during...

Lori Chavez-DeRemer Tapped for Secretary of Labor: ‘Historic Choice’ or Political Gamble?

Former President Donald J. Trump announced his nomination of Congresswoman Lori Chavez-DeRemer for U.S. Secretary of Labor, signaling a potential shift in national labor policies. The selection has ignited a wave of...

Pam Bondi’s Shocking Push for Epstein Name Reveal: ‘No Secrets, No Exceptions Sparks Fury!’

Pam Bondi, former Florida Attorney General and Trumps nominee for U.S. Attorney General, has stirred controversy by publicly advocating for the release of numerous names contained in the infamous Jeffrey Epstein case...

Science

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Technology

Stellar Jumps 80% to $0.55 as Grayscale Trust Adds Millions—Is $1 Within Reach?

Stellars price surged over 80%, reaching $0.55 amid strong buying momentum and a sharp rise in trading volumes. Analysts suggest a bullish pattern could drive prices toward $3 or even $5, sparking renewed investor...

Shiba Inu Burn Rate Explodes 49,646% as SHIB Price Climbs 10% in Stunning Market Rally

Shiba Inu witnessed a burn rate surge of 49,646% in just one day, eliminating over 175 million tokens. This extraordinary burn event paralleled a remarkable 10% price jump, solidifying SHIBs market momentum. Shiba Inus...

Dogecoin Rockets 25% as Analyst Forecasts Bullish Breakout to $0.82

Dogecoin soared nearly 25% in the past 24 hours, reaching an intraday high of $0.48. Crypto analyst Ali Martinez predicts a bullish breakout to $0.82, suggesting DOGE could surpass its previous all-time high. The surge...

Bitcoin Targets $180K in 2025, TYMIO Founder Predicts Supply Shock

Bitcoins price could surge to $180,000 by the end of 2025 due to supply constraints and halving events, according to TYMIO founder Georgii Verbitskii. He highlights increasing demand and lost coins as catalysts for a...

Arthur Hayes Drives Solana Meme Coin Rally, FlowerAI’s Market Cap Jumps $8M After Social Media Post

FlowerAI surged over 35% after Arthur Hayes post, bringing its market cap to $30 million. The promotion highlights the continued dominance of Solanas meme coin ecosystem, which is outperforming Ethereum in decentralized...