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Mark Haefele, CIO at UBS Global Wealth Management says investors need to follow the government money.
The EUR/USD tumbles below the 1.1600 figure, losing over 0.50% as the US Dollar extended its weekly rally, posting gains of more than 1.70% against a basket of six currencies, the DXY, sponsored by a risk-off mood. At the time of writing, the pair trades at 1.1563 after hitting a daily high of 1.1648.Greenback extends rally as risk-off sentiment and soft German data pressure the shared currencyThe Euro fell to an eight-week low of 1.1542 on Thursday amid the political turmoil in France. The resignation of the French Prime Minister Sebastien Lecornu keeps investors worried about the country’s fiscal deficit.…
The cost-of-living adjustment can’t keep up with the actual cost of living, as retirees’ costs climb.
NEWSQUAWK PREVIEW: Japanese LDP Leadership Election, 4th October 2025 Tokyo Japanese LDP Leadership Election BACKGROUND The LDP will elect its new president on 4th October following the resignation of PM Ishiba on 7th September. The winner will almost certainly become Japanʼs next PM, with the Diet vote slated for mid-October. The contest comes at a moment of weakness for the party: the LDP-Komeito coalition no longer holds a majority in either chamber of the Diet, after losing the upper house in July 2025 and already being short in the lower house since 2024, leaving the new leader judged…
Kalshi and Polymarket could pose an existential threat to sports-betting companies.
Federal Reserve (Fed) Bank of Minneapolis President Neel Kashkari struck a more reserved tone than some of his Fed counterparts on Tuesday, cautioning that it’s still too soon to be able to tell if tariff-led inflation will be “sticky” or not. However, Kashkari noted that he’s particularly bullish on the labor market, and is expecting a return to form for American job creation which has sputtered recently.Key highlightsToo soon to know if inflation will be sticky from tariffs.Skeptical that a lot of workers are being replaced by AI now.Bullish on labor, workers have a very important role in the economy.Hearing…
Newly announced trims still hover closer to $40,000 than $30,000 — a price that many investors view as putting the vehicle within mass-market reach.
The “Takaichi Trade” Tokyo Japan The “Takaichi Trade” Explained Global markets have already coined a new phrase called the “Takaichi Trade.” It refers to the market reaction following the election of Japan’s new Prime Minister, Sanae Takaichi, who is widely seen as a supporter of former leader Shinzō Abe’s economic strategy known as Abenomics. While it’s still unclear how closely Takaichi will follow Abe’s playbook, traders have wasted no time expressing their views by buying Japanese stocks, selling the yen (JPY), and selling bonds. The move reflects expectations of policies favoring growth, stimulus, and a weaker yen, all…
Older adults with the fewest financial resources die much earlier than those with more wealth.
When most people think of the U.S. Mint, they imagine the coins jingling in their pockets. But one of the most fascinating, and often overlooked, branches of the U.S. Mint is located right in the heart of the Rocky Mountains: the Denver Mint. Known for its high output and historical significance, the Denver Mint is more than just a coin factory. It’s a symbol of America’s gold-rich past and a continuing powerhouse in the world of precious metals. From Assay Office to Coining Powerhouse The story of the Denver Mint begins not with coins, but with gold dust. Established in…