The attempted assassination of former President Donald Trump on Saturday has sent shockwaves across the world, with Asian markets being the first to feel the impact. Analysts are closely watching to see if this event will strengthen Trump’s election hopes, leading to potential ‘Trump-victory trades’ such as a stronger dollar and a steeper U.S. Treasury
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The strategic region of the Pacific Islands Forum is facing a financial crisis as Western banks continue to exit the unprofitable market. This exodus is prompting concern that China could potentially fill the void, leading to a situation that has been described as “Armageddon” by an Australian official. The small island nations in this region,
The recent assassination attempt on former President Donald Trump during a campaign rally in Pennsylvania has garnered widespread reactions from various analysts and investors. The incident, which left Trump with a wound on his upper right ear, has raised concerns about the potential implications on the upcoming election and the overall political landscape in the
Recent remarks by Fed Chair Powell have highlighted concerns about softening labor market conditions. This shift in focus towards potential weakness in the labor market has caught the attention of investors and analysts alike. With the Fed now considering the possibility of further rate cuts to combat this issue, the upcoming labor market data will
The shooting incident at former President Donald Trump’s election rally in Pennsylvania has sent shockwaves through the political and financial world. Market analysts and investors are predicting that this event could potentially increase Trump’s chances of winning back the White House. The betting odds on his victory are expected to rise in the coming week
In a shocking turn of events, Former President Donald Trump narrowly escaped an assassination attempt during a rally in Butler, Pennsylvania. Multiple gunshots were fired, with one bullet grazing the upper part of Trump’s right ear. This incident highlights the alarming levels of violence and political tensions in the country. The Secret Service acted promptly
In a surprising turn of events, Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race. Musk described Trump as “tough” and expressed his hope for the president’s rapid recovery. This endorsement marks a significant shift in Musk’s political stance, as he has previously donated
According to a report from the Washington Post, whistleblowers at OpenAI have taken the bold step of filing a complaint with the U.S. Securities and Exchange Commission. The complaint calls for an investigation into the artificial intelligence company’s allegedly restrictive non-disclosure agreements. The whistleblowers claim that OpenAI issued overly restrictive employment, severance, and non-disclosure agreements
Argentina is implementing a new strategy to combat inflation and stabilize its currency, the peso. Economy Minister Luis Caputo announced on Saturday that the central bank will start selling U.S. dollars in the country’s parallel foreign exchange markets. This move is aimed at freezing the country’s money supply and contributing to the disinflation process. Balance
The latest surge in the stock market saw the S&P 500 and Dow Jones Industrial Average hitting intraday record highs. This bullish performance was largely driven by optimism surrounding a potential interest rate cut by the U.S. Federal Reserve in September. Despite some mixed results from big banks, market giants like Apple and Nvidia bounced
The Australian Dollar (AUD) has shown resilience against the US Dollar (USD) as it climbed to its highest level since January, reaching near 0.6800. This positive trajectory has been buoyed by the divergence in monetary policies between the Reserve Bank of Australia (RBA) and the Federal Reserve (Fed). Market participants have been closely monitoring the
The dollar faced a sharp decline against the yen for the second consecutive day, prompting speculation of Japanese intervention in the currency market. The global equities index, on the other hand, saw a rise as investor attention shifted towards potential interest-rate cuts by the U.S. Federal Reserve. Despite the producer price index (PPI) report showing