The Dollar’s Decline: Tariff Speculations and Market Reactions The dollar experienced a notable dip in the New York foreign exchange market, driven by growing speculation that the tariffs President Trump has been warning about may not be as extensive as initially feared. This development has sent ripples through global markets, with the dollar index against … Read more
U.S. Senate Approves Pete Hegseth as Secretary of Defense in Historic Vote Table of Contents U.S. Senate Approves Pete Hegseth as Secretary of Defense in Historic Vote Controversies Surrounding Hegseth Key Takeaways from the Vote What’s Next for the pentagon? U.S. Senate Approves Pete hegseth as Secretary of Defense in Historic Vote: An Expert … Read more
dollar Depreciates Amid Tariff Speculations and Global Market Shifts The dollar experienced a notable decline this week, driven by growing speculation that the tariffs warned by President Trump may not be as extensive as initially feared. In late trade, the dollar index against major currencies dropped 0.67% to 107.45, marking it’s steepest weekly decline … Read more
The U.S.stock market surged to new heights on January 22, 2025, with the S&P 500 reaching a record intraday high, driven by strong performances from key players like Netflix. The streaming giant saw its shares soar, nearing $1,000 apiece in early trading after surpassing quarterly earnings expectations. This rally underscores the resilience of the market … Read more
New Car sales in Europe Show Modest Growth in 2024, Hybrid Vehicles Lead the Charge Table of Contents New Car sales in Europe Show Modest Growth in 2024, Hybrid Vehicles Lead the Charge December Sales Surge and Hybrid Dominance manufacturer Performance: Volkswagen and Renault Lead the Pack Key Takeaways from the 2024 European Car Market … Read more
Guggenheim CIO Predicts Fed Rate Cuts and Economic Resilience in 2025 DAVOS, Switzerland — Ann Walsh, chief investment officer (CIO) of U.S. asset management firm Guggenheim Partners, announced on January 20 that the U.S. Federal Reserve has implemented interest rate cuts nearly every quarter in 2025, totaling between 75 and 100 basis points (bp). Speaking … Read more
Russia and Iran Sign 20-Year Comprehensive Strategic Partnership Treaty in a historic move, Russian President Vladimir Putin and Iranian President Pezeshkian met in Moscow on January 17, 2025, to sign teh Treaty of Comprehensive Strategic Partnership, a landmark agreement set to last for two decades. The signing ceremony, held at the Russian presidential palace, … Read more
U.S. Stock Markets Rebound Amid Optimism Over Trump Administration Policies NEW YORK (Reuters) — U.S. stock markets staged a strong rebound as investors expressed widespread optimism about the health of the economy and future interest rate trends.The rally comes as markets prepare for a series of policies expected from the new Trump administration, signaling confidence … Read more
Biden Commutes Sentences for Nearly 2,500 Non-Violent Drug Offenders, setting Historic Clemency Record In a historic move, President Joe Biden announced on January 17, 2025, that he woudl commute the sentences of approximately 2,500 individuals convicted of non-violent drug crimes. This decision marks the most pardons and commutations issued by any U.S. president in … Read more
Trump Transition Team Requests Resignations of Three Senior State Department Officials Ahead of Re-inauguration As President Donald Trump prepares for his re-inauguration on January 20, his transition team has asked three senior career diplomats to resign, signaling potential sweeping changes within the U.S. State department. The officials—Derek Hogan, Marcia Barnicutt, and Alaina Teplitz—are responsible for … Read more