According to the US Bureau of Labour Statistics, there were 8.827 million job opportunities in July, far fewer than the predicted 9.465 million, while consumer confidence declined. The probability of a Fed rate hike in September has decreased to just 13.5%, according to the CME FedWatch Tool, while the probability …

Due to its $3.3 billion debt and probable lawsuits regarding opioid prescriptions, American iconic retail chain Rite Aid is getting ready to apply for Chapter 11 bankruptcy protection. The firm has had difficulties throughout its history, with rivals including Bed Bath & Beyond, Tuesday Morning, and Christmas Tree Shops faltering …

In the final days of a typically challenging August for the stock market, investors flocked back to tech stocks, driving the Nasdaq Composite Index up by more than 1% on Tuesday. The Dow Jones Industrial Average gained 258 points or 0.7% and the S&P 500 increased by 1.4%.The tech-focused Nasdaq …

The pound Sterling has recovered as investors await the BoE’s 25 basis point interest rate hike to neutralize the Federal Reserve-BoE divergence. However, the GBP/USD pair’s revival faded as further policy tightening by the BoE will dampen the economic outlook. The UK’s restrictive monetary policy has widened its scope to …

Gold and silver prices rose during Tuesday’s lunchtime US trading session, with gold reaching a three-week high and silver reaching a four-week high. Fresh purchasing activity in the precious metals was sparked by reports on the consumer confidence index and the US jobs turnover data (JOLTS), both of which were …

The price of BNB/USD increased by 5.91% to $231.33 over the previous day. This maintains the upward path it has been on for the previous week, rising 13.0% from $205.67 to the present price. The current value of the coin is $686.31, which is its all-time high.The coin’s trading volume …

As the first Chinese trust to fall in more than 20 years, Chinese lender Xinhua Trust is selling shares at outrageously cheap prices after declaring bankruptcy in May. Since then, the corporation has listed some of its assets on Taobao for sale at a 30% discount, and only recently added …

The USD is trading weakly against the majority of its competitors on Monday due in large part to a small consolidation and a risk-positive market environment. On the other side, while markets continue to assess Jerome Powell’s speech on Friday, the hawkish rhetoric of the European Central Bank is gaining …

Near 1.0810, the EUR/USD pair soared. After Jerome Powell’s speech, the US dollar and US yields consolidated, with the USD trading weakly against most competitors as a result of a minor consolidation and a risk-positive market environment. As markets digested Powell’s speech, the hawkish tone of the European Central Bank …

The Dallas Fed’s Texas Manufacturing survey has revealed that the Fed’s hawkish interest rate hikes have had a negative impact on the economy. The August survey found that the production index, which measures factory activity in the state, fell again in August, dropping 6 points to -11.2, the lowest level …