Citing a shifting economic situation in the US, Federal Reserve Chair Jerome Powell indicated that the central bank is ready to adjust interest rates during his speech at the Jackson Hole Economic Policy Symposium. Powell indicated that the Fed’s dual mandate goal is essentially in balance, saying the labor market remains close to maximum employment and that inflation has eased ...
The Bitcoin price has surged following Jerome Powell’s Jackson Hole remarks, driving BTC above the $116,000 mark. This breakout has led to optimism of a strong Q4 rally, which is reminiscent of historical post-speech performance. September could be a volatile month, but the structure indicates that upside potential is still in place. There, market participants The post Bitcoin Price Prediction: ...
Justice Ketanji Brown Jackson criticized on Thursday what she said were the ‘recent tendencies’ of the Supreme Court to side with the Trump administration, providing her remarks in a bitter dissent in a case related to National Institutes of Health grants. Jackson, a Biden appointee, rebuked her colleagues for ‘lawmaking’ on the shadow docket, where an unusual volume of fast, ...
Shares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh. The new logo removes the image of a man leaning against a barrel that was prominently featured in the original, leaving behind just the words Cracker Barrel against a yellow background. ...
Stefan Gleason, CEO of Money Metals, shares his outlook for gold, silver and platinum. He also weighs in on Tether Investments’ recent deal with Elemental Altus Royalties (TSXV:ELE,OTCQX:ELEMF) and advances in US sound money policies. Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article. This post appeared first on investingnews.com ...
The Commodity Futures Trading Commission (CFTC) has launched its next crypto sprint. This aims to advance recommendations from the President’s Working Group on Digital Asset Markets. CFTC Launches Immediate Push for Spot Crypto Market Oversight Acting Chairman Caroline D. Pham announced that the initiative will begin immediately, focusing on federal-level trading rules and broader market The post CFTC Launches Next ...
The Pentagon has created a new medal for service members who’ve deployed to the southern border to assist federal law enforcement with President Donald Trump’s crackdown on illegal immigration. The Pentagon unveiled plans for a Mexican Border Defense Medal for U.S. troops serving with Joint Task Force Southern Border, according to a new memo the Pentagon released Aug.13 that was ...
Walmart on Thursday raised its full-year earnings and sales outlook as its online business posted another quarter of double-digit gains, even as the company said costs are rising from higher tariffs. The big-box retailer topped Wall Street’s quarterly sales estimates but fell short of earnings expectations, the first time it missed on quarterly earnings since May 2022. The company said ...
Commodities giant Glencore (LSE:GLEN,OTC Pink:GLCNF) has submitted applications to place two of its flagship copper projects in Argentina under a new investment regime. The Switzerland-based firm is seeking to include the El Pachón deposit in San Juan and the Agua Rica deposit in Catamarca under Argentina’s recently introduced Incentive Regime for Large Investments (RIGI). Together, the two projects represent a ...
Stablecoins have become the new focus of attention by the Federal Reserve, major U.S. banks, and China. It indicates that they have gained substantial popularity in the global finance discussions. Fed Recognizes the Efficiency of Stablecoins and Impact of GENIUS Act The minutes of the Federal Open Market Committee’s (FOMC) latest meeting of the Federal The post Stablecoins Could Boost ...
Russian drone crashes in Polish field; Warsaw protests airspace violation and plans formal complaint
A Russian drone may have crashed in a field in Poland, a move the country’s deputy prime minister called a ‘provocation’ as the United States and European leaders continue to push Moscow to end its war in Ukraine. The drone hit a cornfield in the village of Osiny in the eastern Lublin province, about 62 miles from Poland’s border with ...
Apple clinched a major win Monday after the U.S. government announced that the U.K. had agreed to drop its demand for the company to provide a “back door” granting officials access to users’ encrypted data. The iPhone maker won’t be alone to rejoice in the outcome. The development came after extensive talks between Britain and the U.S., which had raised ...