Author: Admin
EUR/USD boosted by signs of imminent US–EU deal ahead of August 1 deadline.US Durable Goods Orders miss, but jobless claims stay strong, supporting Fed hold expectations.ECB holds rates steady; next week’s focus shifts to key Fed policy decision on July 30.The EUR/USD finished the week up by nearly 1% on Friday, yet ended the daily session flat, following economic data from the United States (US) that was worse than expected, but offset by positive trade news. With the Greenback cutting losses, the pair trades at 1.1741 virtually unchanged.Sentiment remains upbeat as the latest trade news suggests that the US and…
“I have stopped short of paying for his business, his car payment and health insurance.”
Who Pays the Real Cost of Tariffs? Who Ultimately Pays the Cost of U.S. Tariffs? I recently watched an interview where Treasury Secretary Bessent downplayed the inflationary impact of President Trump’s tariffs. According to him, the burden of these import taxes will mostly fall on exporters trying to maintain U.S. market share and on retailers who will trim their profit margins to keep prices stable. He even cited Toyota’s decision not to raise prices as an example of a company working to absorb costs rather than pass them on to consumers. Maybe Secretary Bessent sees something I don’t or…
“They sometimes even joke with me about being cheap when I don’t pick up bills.”
A first look at S&P Global’s Composite PMI indicated that US business activity grew faster in July, with the index rising to 54.6 from the previous month’s 52.9. The number, which is over the 50 mark that divides expansion from contraction, suggests that the private sector is gathering traction.The statistics showed that different industries were performing in a mixed fashion. The Manufacturing PMI dropped from 52.9 to 49.5, which means that manufacturing activity lost momentum. The Services PMI, on the other hand, increased from 52.9 to 55.2, which might mean that demand in the services sector is picking up momentum.Following…
President Donald Trump says he’s eyeing the elimination of capital-gains tax on home sales as a way to coax more people into selling their homes, amid a housing market that’s been frozen for nearly three years by high prices and high interest rates.
Christine Lagarde, President of the European Central Bank (ECB), explains the ECB’s decision to leave key rates unchanged at the July policy meeting and responds to questions from the press.Join our ECB Live Coverage hereECB press conference key quotes”Survey data point to overall modest expansion.””Higher tariffs and stronger Euro are expected make it harder for firms to invest.””Strong labour market, rising real incomes, solid private sector balance sheets support consumption.””Defence and infrastructure investment should bolster growth.””Indicators of underlying inflation suggest inflation will stabilise at target.””Longer-term inflation expectations continue to stand at around 2%.””Risks to economic growth remain tilted to the…
One financial strategy claims investing $1,544 for a child at birth can help them retire with $1 million. Could it be that simple?
Fiserv stock sinks as much as 21% on Wednesday.Organic sales miss consensus, and management lowers 2025 outlook.CEO continues to expect double-digit adjusted EPS gains.Trump inks deal with Japan for 15% tariff.Fiserv (FI) stock sold off 21% on Wednesday after the payments company reported a decent second quarter that didn’t live up to expectations. The company missed Wall Street’s organic sales growth in Q2 and also lowered guidance for organic sales for the full year.Fiserve stock traded down from a prior close near $166 to as low as $128 in Wednesday’s morning session. The pessimistic turnaround comes even as markets advance…
U.S. – Japan trade deal ignites hopes for something similar with the E.U.