Category: Top Story
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Dollar gains slightly ahead of Powell speech; euro eases back
The U.S. dollar edged up on Tuesday as investors awaited comments from Federal Reserve Chair Jerome Powell later in the session, following the central bank’s recent interest rate cut. By 03:00 ET (08:00 GMT), the Dollar Index, which measures the greenback against six major currencies, ticked 0.1% higher to 97.012, rebounding modestly after yesterday’s decline.…
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Gold Surges Past $3,750/oz Amid Rate-Cut Uncertainty; Powell Speech in Focus
Gold prices reached new record highs in Asian trading on Tuesday, fueled by safe-haven demand as recent comments from Federal Reserve officials prompted caution over potential interest rate cuts. Investors are closely watching a series of U.S. economic releases this week, including a key address from Fed Chair Jerome Powell later today. August’s PMI data…
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Oil Extends Losses Amid Iraq-Kurdistan Pipeline Agreement and Oversupply Concerns
Oil prices continued their downward trend for a fifth consecutive session on Tuesday, as a preliminary deal between Iraq and Kurdish regional authorities to restart a major oil pipeline added pressure to already abundant global supply. Brent crude futures fell 34 cents, or 0.51%, to $66.23 a barrel by 06:39 GMT, while U.S. West Texas…
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Dow Jones, S&P, Nasdaq, Wall Street Futures, U.S. Stocks Poised to Pull Back After Record Rally
Futures tied to the major U.S. indexes pointed lower on Monday, signaling a potential retreat on Wall Street after two straight sessions of gains that lifted benchmarks to all-time highs. Analysts said profit-taking was likely playing a role, with traders choosing to cash in after Friday’s strong close that followed the Federal Reserve’s decision to…
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Wall Street digests Trump’s new H-1B visa fee
Mega-cap U.S. technology companies remained relatively steady in Frankfurt trading following the announcement of a new H-1B visa fee by U.S. President Donald Trump. The White House proclamation, issued Friday, requires firms to pay $100,000 annually for each H-1B work visa, prompting companies including Microsoft (NASDAQ:MSFT), Alphabet (NASDAQ:GOOG), and Goldman Sachs (NYSE:GS) to advise employees…
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Trump likely to greenlight TikTok agreement this week, WSJ reports
U.S. President Donald Trump is anticipated to approve a TikTok agreement via executive order later this week, stating that it meets legal requirements, the Wall Street Journal reported Monday, citing a senior White House official. The approval would conclude months of U.S.-China negotiations, which were closely tied to broader trade discussions, and provide a clear…
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Meta’s Llama AI Gains Approval for Use by U.S. Federal Agencies
Meta Platforms’ (NASDAQ:META) artificial intelligence system, Llama, has received authorization for use by U.S. government agencies, as the Trump administration continues efforts to adopt commercial AI solutions within federal operations. The General Services Administration (GSA), responsible for managing government procurement, will add Llama to its roster of approved AI tools for federal use, according to…
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Jefferies Flags Potential Pressure on Apple iPhone Prices Despite Strong Demand
Jefferies has raised concerns that Apple’s (NASDAQ:AAPL) latest iPhone lineup may face pressures on average selling prices (ASP), even as overall demand trends appear stronger compared with last year. Analysts at the firm noted that their “tracking of global lead time and HK’s resale prices indicates rising demand for iPhone 17, although the US is…
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Bristol Myers Squibb Aligns Schizophrenia Drug Pricing in UK and US
Bristol Myers Squibb (NYSE:BMY) will price its latest schizophrenia medication at $22,500 per year in the United Kingdom, the same as in the United States, according to the Financial Times. The company has opted to standardize the cost of the therapy across both markets, offering patients in the UK and US equal pricing for this…
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Lincoln Tech Marks 65 Years in Columbia, MD, Celebrating Workforce Impact and Community Partnerships
Lincoln Educational Services Corporation (NASDAQ:LINC), a national leader in specialized technical training, celebrated the 65th anniversary of its Columbia, Maryland campus earlier this month, reflecting decades of workforce development in the region. The school’s first Maryland location opened in Landover in 1960 before relocating to Columbia in 1997, expanding its program offerings and helping thousands…