In the heart of lower Manhattan lies Elizabeth Street Garden, a cherished public garden established in 1991, which may soon face eviction to make room for a 123-unit affordable housing project for seniors. Despite opposition from notable figures such as Robert De Niro and Martin Scorsese, the city remains steadfast in its development plans for
Following the recent removal of former Prime Minister Srettha Thavisin due to ethical violations, Thailand’s new leader, Prime Minister Paetongtarn Shinawatra, is gearing up to kickstart the economy. This was made known during a special cabinet meeting held to discuss policies that will be presented at an upcoming parliamentary meeting. Despite the change in leadership,
The U.S. Federal Reserve and other regulators are gearing up to present extensive modifications to a range of proposed banks’ capital rules. According to Bloomberg News, the revisions, which are anticipated to be released as early as September 19, could amount to 450 pages. Operational Risk Provisions One of the key areas of focus in
French Prime Minister Michel Barnier, a seasoned conservative politician who previously made a name for himself negotiating Brexit, now faces the challenging task of leading a country divided by deep political fault lines. This comes after President Emmanuel Macron appointed him as his prime minister, following a snap legislative election that resulted in a hung
The price of gold has surged to $2517 USD per troy ounce, marking a return to growth. This increase comes as the market eagerly anticipates the release of the crucial US employment report for August. The data from this report could have significant implications on the Federal Reserve’s interest rate outlook, especially with an upcoming
China’s policymakers, including former head of the People’s Bank of China, Yi Gang, stressed the importance of boosting domestic demand during the Bund Summit in Shanghai. Yi emphasized the need to combat deflationary pressure and improve domestic demand to tackle issues in the real estate market and local government debt. This shift in focus highlights
The AUD/USD pair is currently trading lower, despite the hawkish remarks from the Reserve Bank of Australia (RBA) Governor Michele Bullock. What is interesting is that the softer Greenback and positive comments from the RBA are not enough to boost the Australian Dollar. This suggests that market sentiment plays a crucial role in influencing the
The recent report from the Labor Department shows a decline in the number of Americans filing new applications for jobless benefits. This decrease comes as layoffs in the US job market remain low, which could potentially ease concerns about the state of the labor market. The weekly jobless claims report is viewed as the most
The GBP/USD pair is currently trading above the crucial level of 1.3100, indicating that buyers are in control of the market sentiment. The Relative Strength Index (RSI) also confirms this bullish view, suggesting that the pair may be eyeing the 1.3200 resistance level in the near term. If the pair manages to clear the hurdle
As the EUR/USD pair hovers around 1.1077, investors are treading cautiously ahead of crucial employment data from the United States. The upcoming ADP private sector jobs report serves as a precursor to Friday’s highly anticipated Nonfarm Payroll (NFP) report, offering a glimpse into market sentiment. The release of weekly unemployment claims data will also be
In a bold move, Visa has announced plans to revolutionize the way we make payments by introducing a dedicated service for bank transfers. This innovative approach will bypass traditional credit cards and direct debit processes, providing users with more control and ease in managing their finances. Let’s delve into the details of this groundbreaking development
Upon analyzing recent unemployment data, it is evident that the spike in unemployment in July was not solely due to Hurricane Beryl. The Chief Global Economist at Arch Capital, Parker Ross, highlighted that there is no common theme across the key drivers of unemployment in various states, industries, or reasons. The fact that temporary layoffs