The recent decision by a federal judge in Texas to partially block a Federal Trade Commission rule regarding noncompete agreements has sparked a heated debate. The ruling has far-reaching implications for both businesses and workers across the United States. This article will delve into the details of the ruling and its potential impact on the
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The EUR/GBP cross pair is currently trading with a mild bearish bias around 0.8475 in the early European session, following the news that the UK’s Labour Party has won 337 seats in the parliamentary election. This outcome implies that the party now holds a majority in the House of Commons, which has potential implications for
The recent merger of Fetch.ai, Ocean Protocol, and SingularityNET has created a buzz in the crypto market. Instead of introducing a new token, these projects have decided to consolidate and trade under the FET ticker. However, the price action of FET has not been immune to the overall downtrend in the crypto market. With a
Gold prices have seen a positive rebound recently, mostly due to the weakening US Dollar and expectations of a September rate cut by the Federal Reserve. The current risk-on sentiment in the market, as demonstrated by the bullish equity markets globally, may put a cap on gold’s gains. Traders are eagerly waiting for the US
The USD/JPY pair recently reached a new multi-year high at 161.95 before experiencing a downward correction. This move was preceded by a break below a significant bullish trend line with support at 161.50 on the 4-hour chart. Despite this correction, the pair remains above the 100 and 200 simple moving averages, indicating a strong uptrend.
The data from the Labor Department suggests that U.S. job growth is expected to slow in June, with economists predicting an increase of 190,000 jobs, down from the previous month’s surge of 272,000 jobs. This moderation in job growth, while still healthy, reflects a more sustainable pace that may help prevent an overheating of the
The labor market indicators are signaling a weaker market which could potentially affect wage growth and disposable income. ANZ-Indeed Job Ads have shown a decline, slipping by 2.2% in June following a previous 1.9% decrease in May. This downward trend suggests a slowdown in the pace of hiring, which could have long-lasting effects on the
The recent exit poll suggesting a major victory for UK’s Labour Party, led by Keir Starmer, in the upcoming 2024 UK election has sent shockwaves through the political landscape. With projections indicating that Labour is on course to win about 410 seats in the 650-seat House of Commons, while the Conservatives are projected to win
European shares saw a rise on Thursday, fueled by optimism surrounding potential U.S. interest rate cuts following soft economic data. The pan-European STOXX 600 index climbed to a more than one-week high, indicating positive sentiment in the region. London markets also experienced gains as the UK general election voting commenced, with polls predicting a historic
The Bank of Israel is facing significant challenges in its monetary policy decisions due to a combination of factors, including the ongoing war in Gaza, persistent inflation, and a widening risk premium. While many economists expected a change in the benchmark interest rate, all 15 economists polled anticipate that the central bank will maintain its
After starting a downside correction from the 0.6735 zone, the Aussie Dollar is now facing a key bullish trend line with support at 0.6700. The pair managed to clear the 0.6680 resistance and move into a positive zone against the US Dollar. However, there was a decline below the 0.6720 level, leading to a correction
The US markets were closed recently as the country celebrated its journey towards independence, commemorating its freedom from rule by a monarch. This historical event showcases the importance of democracy and independence in the country’s foundation. However, despite such a significant occasion, there has been speculation in the media regarding US President Biden’s potential candidacy