Author: Admin
US President Donald Trump said that the United States (US) will impose a 100% tariff on imports of branded or patented pharmaceutical products from October 1, unless a pharmaceutical company is building a manufacturing plant in the US, Reuters reported on Thursday. Additionally, Trump will be imposing a 50% Tariff on all Kitchen Cabinets, Bathroom Vanities, and associated products, as well as a 25% tariff on trucks, starting from October 1. Market reactionAt the time of writing, the US Dollar Index (DXY) is trading 0.65% higher on the day to trade at 98.50. Tariffs FAQs Tariffs are customs duties levied on certain merchandise imports or…
Costco on Thursday reported fourth-quarter same-store sales that came up shy of Wall Street’s estimates, though the membership warehouse retailer’s per-share profit topped expectations.
The US Dollar lurched higher on Wednesday, sparked by a fresh round of risk aversion across the broader markets. Central banks worldwide are grappling with two-speed economies of varying degrees, and many are battling a steepening slowdown in economic activity. At the same time, global inflation metrics remain too high for too long, limiting the effectiveness of many standard policy approaches.The US Dollar Index (DXY) climbed two-thirds of one percent on Wednesday, testing the 98.0 region and touching its highest valuations in nearly two weeks as investors rotate into a near-term risk-off stance. The latest key inflation data from the…
Jimmy Kimmel’s free-speech fight with the Trump administration has turned out to be a ratings bonanza.
Tucked in the busy streets of Downtown Los Angeles lies a historic gem that has shaped the face of the American jewelry industry for over a century: the LA Jewelry District. While its best known today as a shopper’s paradise for diamonds and gold, its deeper value lies in its role as a creative and commercial engine for jewelers across the country. Where It All Began The roots of the LA Jewelry District trace back to the early 20th century. As Los Angeles blossomed into a cultural and entertainment powerhouse, so too did demand for high-end, custom-designed jewelry. The area…
Gold at Record Highs XauUsd Technical Analysis Gold (XAUUSD) has surged an astonishing 44.4% in 2025, climbing from a year-end close of $2,624 to reach fresh record high at $3.791. For traders, investors, and central banks alike, the question is simple: what’s driving this runaway train, and what could bring it to a halt? What Is Spot Gold? Spot gold refers to the current price of one troy ounce of pure gold for immediate delivery (typically settled within two business days). Unlike futures contracts, it reflects real-time supply and demand in the physical and financial markets. What’s Driving Gold’s…
“I am afraid they will end up destitute and homeless.”
The Organisation for Economic Co-operation and Development (OECD) upgraded its global economic growth forecast on Tuesday, citing that many economies have been more resilient than projected so far this year.The OECD has upgraded its global growth forecast for 2025 to 3.2%, compared to the 2.9% expansion it had forecast in June. Expectations for 2026 were unchanged at 2.9%. This would mark a slowdown from the 3.3% growth seen in 2024.Growth expectations for the United States (US) were also raised to 1.8% for 2025, compared to June’s 1.6% projection. This still marks a significant fall from 2024′s 2.8% growth, however. The…
Legal experts address some common questions as President Trump’s new $100,000 fee on H-1B applications leaves many employees in the U.S. on work visas feeling anxious.
The preliminary reading of Australia’s S&P Global Manufacturing Purchasing Managers Index (PMI) came in at 51.6 in September versus 53.0 prior, the latest data published by S&P Global showed on Tuesday.The Australia’s S&P Global Services PMI dropped to 52.0 in September from the previous reading of 55.8, while the Composite PMI eased to 52.1 in September versus 55.5 prior. Market reactionAt the press time, the AUD/USD pair was up 0.09% on the day to trade at 0.6598. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because…