Federal Reserve (Fed) Governor Lisa Cook said on Thursday that she endorsed the 50 basis points (bps) interest rate cut last week as a way to address increased “downside risks” to employment, per Reuters. Key quotes “I wholeheartedly supported the decision.“ “That decision reflected growing confidence that, with an appropriate recalibration of our policy stance,…
MARKET REPORT(Unburdened by what has been) @Gunny 😉 You were found in clear conditions. But you’re handsome in the Fog. Day in Review: Today:(Kamalanomics: Govt-manipulated data with un-reported historic downward revisions to make the economy look more favorable): DATA:– In First Post-Rate-Cut Speech, Fed Chair Powell Doesn’t Comment On Monetary Policy – Final Q2 GDP…
The US government charged two individuals with operating a multi-billion-dollar money laundering scheme. Law enforcement agencies disrupted the global cybercriminal operation and seized websites associated with illegal crypto exchange activities. The US Department of Justice, alongside international partners, took down three cryptocurrency exchanges allegedly used to launder billions of dollars, particularly for ransomware operators, darknet…
The Swiss National Bank (SNB) announced a 25 basis point cut to its policy rate on Thursday, September 26, 2024, lowering it to 1.00% as widely expected. This marks the third consecutive rate reduction by the central bank, which also indicated that further cuts may be necessary in the coming quarters to ensure medium-term price…
Cycle from 8.5.2024 low in GBPJPY is in progress as a double three Elliott Wave structure. Up from 8.5.2024 low, wave (W) ended at 193.48 and pullback in wave (X) ended at 183.67. Internal subdivision of wave (X) unfolded as a zigzag. Down from wave (W), wave A ended at 187.23 and wave B ended…
By Chuck Mikolajczak NEW YORK (Reuters) -The dollar weakened in choppy trading on Thursday after a boost from healthy U.S. economic data faded, while the Swiss franc rose after the country’s central bank cut interest rates by 25 basis points. The greenback began paring losses after data showed U.S. weekly jobless claims fell by 4,000…
By Rajesh Kumar Singh CHICAGO (Reuters) -Southwest Airlines on Thursday unveiled a slew of initiatives to turn around its struggling business, including partnerships, vacation packages for customers and sale-leaseback transactions for aircraft. The measures boosted investor confidence and Southwest shares were up about 8% in afternoon trading. But the steps failed to impress activist investor…
SCOTTSDALE, Ariz., Sept. 26, 2024 (GLOBE NEWSWIRE) — via IBN – GolfLync Inc., an innovative platform designed to enhance the golfing experience, is excited to announce that it has successfully secured $3.5 million in initial funding, completed in the second quarter of 2024. This crucial investment marks a significant milestone for the company, enabling it…
The Swiss National Bank Gold Policy has sparked debate since its significant gold sales in the early 2000s. Back then, many questioned whether selling a substantial portion of central bank gold reserves was the right move. While the policy seemed sensible at the time, the global financial landscape has shifted dramatically since then. These changes…
The Japanese yen edged higher earlier but has pared those gains and is almost unchanged on the day. USD/JPY is trading at 144.81 in the North American session. Tokyo Core CPI expected to fall to 2% Japan releases Tokyo Core CPI, a leading indicator of inflation trends, early on Friday. The index has accelerated for…