The U.S. dollar edged higher on Tuesday but struggled to gain momentum as investors focused on Wednesday’s Federal Reserve interest rate decision and stayed alert to possible coordinated currency intervention by U.S. and Japanese authorities. Recent moves in the foreign exchange market have centred on the Japanese yen, which has rallied by as much as …
U.S. banking giants reported strong fourth-quarter profits, driven by rising demand for loans from both commercial and consumer borrowers. The trend could signal healthy earnings for lenders in 2026. Bank of America (BAC) saw its average loans rise 8% year-on-year, while net interest income the difference between earnings on loans and payouts on deposits—hit a …
The Trump administration has opened a criminal investigation into U.S. Federal Reserve Chair Jerome Powell, triggering sharp political backlash and renewed concern over the independence of the world’s most powerful central bank. The probe became public late Sunday after Powell disclosed that the U.S. Justice Department issued subpoenas to the Federal Reserve. The subpoenas relate …
Currency strategists are forecasting a continued soft outlook for the U.S. dollar at the start of 2026, citing concerns over Federal Reserve independence and the likelihood of further interest rate cuts. The dollar fell nearly 10% against major currencies last year, marking its weakest performance since 2017. Investors weighed the impact of record-high U.S. tariffs, …
The number of Americans filing new applications for unemployment benefits fell last week, reversing the prior week’s surge. The Labour Department reported 224,000 initial claims for the week ending December 13, a decline of 13,000 from the previous week. Economists had expected 225,000 claims. Claims data have fluctuated in recent weeks due to seasonal adjustments …
A majority of economists are betting the U.S. Federal Reserve will reduce its key interest rate by a quarter percentage point at the December 9–10 policy meeting, even as divisions persist among policymakers over whether the world’s largest economy truly needs further easing. According to a Reuters poll of 108 economists conducted from November 28 …
Federal Reserve (Fed) Vice Chair Philip Jefferson has warned that the U.S. central bank must “proceed slowly” with any additional interest rate cuts, stressing that monetary policy is now edging closer to a neutral zone where it neither restricts nor stimulates the economy. Speaking at a Kansas City Federal Reserve event on Monday, Jefferson said …
Wall Street futures opened higher on Monday, signaling cautious optimism among investors as a jam-packed week of corporate earnings and U.S. economic data unfolds. The mood was buoyed by movements in tech stocks, while market participants digested fresh developments in corporate ownership and broader economic signals. Tech giant Nvidia (NVDA) edged up 0.4% in premarket …
For the first time in history, the U.S. Labor Department will miss releasing its key employment report for a second consecutive month, as the ongoing government shutdown stretches into its second month, the longest ever recorded. The data blackout has left economists, investors, and policymakers struggling to gauge the true state of the American economy. …
Bitcoin’s Shocking Plunge Below $105K: A $100 Billion Crypto Bloodbath Unfolds! It’s 9:22 AM WAT on Tuesday, November 4th, 2025, and the market is bleeding red. Bitcoin has just crashed below $105,000, the lowest since June 2025, sparking a brutal $100 billion wipeout in a mere 30 minutes overnight. With the dip still ongoing, BTC …
