US President Joe Biden said on Tuesday that he had a good meeting with Chinese President Xi Jinping. Biden said that he and Xi have a lot to follow up on and that their aides would be working together on a range of issues. Biden added that he made clear …

San Francisco Fed President Mary Daly called for the Federal Reserve to be patient regarding interest rate hikes despite high inflation.In a speech before the Commonwealth Club of California, Daly said that patience is the boldest and best action and that it would be better to wait for more clarity …

The US National Association of Home Builders said, Tuesday, that builder confidence in the new home sales market increased in November for the third successive month despite several challenges builders are encountering in the construction market as the NAHB/Wells Fargo Housing Market Index rose 3 points from its October level …

Following Tuesday’s strong retail sales and industrial production readings, the GBP/USD pair has fallen back from earlier session’s highs in the 1.3470s and is back trading around 1.3430s. Earlier during the European trading session, the pair had surged as much as 0.5%, boosted by a strong labour market report that …

The Bank of Canada is still expecting economic easing to be absorbed in the middle quarters of 2022, but that does not necessarily mean in the second quarter according to statements by a key deputy governor on Tuesday, potentially dashing traders and investors; hopes across the market concerning an early …

Jerome Powell and Lael Brainard are widely believed to be the two frontrunners for the Fed Chair’s position. No other names have leaked to the public according to key media outlets in Washington DC.Brainard, if appointed, would be the second woman to head the US Federal Reserve Bank, following Treasury …

A sharp surge in natural gas prices since August has put pressure on a set of commodities, including crude oil, coal and electricity. Prices are currently squeezing margins for industrial users. Some industrial activities have contributed to higher prices for other commodities, such as base metals and ammonia as output …

One of US President Joe Biden’s toughest challenges is maneuvering America’s relationship with its biggest economic enemy; namely China. when Biden holds a virtual summit with Chinese counterpart Xi Jinping later on Monday, issues such as tariffs, supply chain bottlenecks, subsidies, Chinese property sector debt crisis and the global energy …

US shares reaped fresh gains on Tuesday, with investors and traders digesting key economic data on the state of the consumer after two major retailers topped quarterly corporate earnings results. The S&P 500 rose 0.3% as of 10:15 a.m. Eastern. The Dow Jones Industrial Average rose 158 points, or 0.5%, …

Bitcoin fell around $60,000 on Tuesday, after it had been hit by a blend of bearish factors, including the US infrastructure bill that imposes tougher rules on cryptocurrencies trading taxes and a new warning from China to firms regarding mining.Bitcoin fell by more than 10% at one point, dropped below …