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
The US Dollar Index (DXY) has been on a downward trend, hitting April lows. This decline can be attributed to the disappointing US Consumer Price Index (CPI) figures and softer University of Michigan (UoM) sentiment data. Both of these factors are leading to speculations of a rate cut by the Federal Reserve in September. While
When it comes to making financial decisions, it is crucial to conduct thorough due diligence. This involves researching and analyzing the market conditions, as well as consulting with knowledgeable advisors. Relying solely on information provided by third parties can be risky and may lead to financial losses. It is important to note that the information
The recent data on American annual headline inflation showed a decrease in the Consumer Price Index (CPI) for the first time in over four years. This decline was primarily driven by lower energy prices, although other sectors such as shelter, vehicles, and transport also played a role. Surprisingly, food inflation saw a slight increase during
The GBP/USD pair is showing signs of strength as it continues to climb above the 1.2900 resistance level. There is a notable bullish trend line forming with support around 1.2910 on the hourly chart. The British Pound managed to break above key levels, such as the 50-hour simple moving average and 1.2900, indicating a bullish
China’s imports in June took a surprising hit, falling by 2.3% in U.S. dollar terms compared to the previous year. This unexpected decline deviated from the forecasted 2.8% growth, indicating a potential slowdown in the demand for foreign goods within the country. The sluggish performance of imports could be a sign of weakening domestic consumption