U.S. stock futures slightly surged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier hours of the trading session as investor concerns on a debt ceiling deal eased.Dow Jones Industrial Average futures rose 42 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed …
Read More »House Democrat calls for depriving Congress from debt limit authority
A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …
Read More »Led by market sentiment, AUD/USD recovers some daily losses
After reaching a daily low at 0.7225, the AUD/USD pair was able to trim some of its losses, stills down by 0.22%, is trading at 0.7275 during the New York session.Market sentiment struck the Asian and the European session amid surging energy prices and worldwide higher yields, these factors ignited …
Read More »Democrats indicate short-term debt ceiling increase approved
Democratic Senator Chris Coons, a close ally of President Biden, told CNN that while the caucus was still meeting, his overwhelming impression was that Minority Leader Mitch McConnell had blinked and Democrats would look to push ahead with a short-term increase of the debt limit.Coons, however, warned that Democrats would …
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