Nobel Peace Prize winner Machado praises Trump after White House criticizes snub
Some of Trump’s Republican allies have called for him to get the Nobel Peace Prize, though the nomination deadline passed early in his current term.
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Markets Weekly Outlook – Geopolitical Peace and Turmoil; Third Week of Shutdown
Week in review – Equities flashing red, peace in the Middle East and key milestones in Metals It has been a tense week for global markets as the US government shutdown enters its second week. What had initially seemed like a non-event is now beginning to rattle investors. The growing uncertainty around the absence of […]
The post Markets Weekly Outlook – Geopolitical Peace and Turmoil; Third Week of Shutdown appeared first on Action Forex.
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It’s a bloodbath in the crypto market
It’s something of a Black Friday in the crypto market with extreme selling in some names after Trump announced an additional 10% tariff on Chinese exports late in the day.
Bitcoin is down 6% on the day to $113,700 but much-larger moves are happening in smaller names, starting with the 11.5% drop in ethereum and escalating from there to 14% in Ripple and Solana along with 21% in dogecoin, 21% in cardano and 40% in fartcoin. Hardly any coins have been spared with virtually all altcoins outside of the top-10 down 20-30% and that’s after a significant recovery from the lows.
You can see the pain at our Live Quotes page or view our charts.
This article was written by Adam Button at investinglive.com.
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The Weekly Bottom Line: No Data, No Problem
Canadian Highlights Canadian and U.S. policymakers have yet to hammer out a trade deal, but negotiations are still ongoing. Trade-related headwinds dampened Canadian trade in August, with tariff-exposed sectors continuing to feel the pinch. Canada’s labour market recovered some of the jobs lost in the previous two months, while ongoing labour force growth kept the […]
The post The Weekly Bottom Line: No Data, No Problem appeared first on Action Forex.
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Weekly Economic & Financial Commentary: Data Delayed, Decisions Loom
Summary United States: Data Delayed, Decisions Loom The federal government shutdown continues to delay economic data releases, including international trade and jobless claims this week. That said, the September Consumer Price Index is now expected to be published before the end of the month, just in time for the FOMC’s next meeting. Next week: CPI […]
The post Weekly Economic & Financial Commentary: Data Delayed, Decisions Loom appeared first on Action Forex.
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Navan sets price range for IPO, expects market cap of up to $6.5 billion
Navan updated its IPO prospectus and offered a pricing range, as it seeks to potentially hit the public market during a government shutdown. -
Cramer’s week ahead: Earnings season kicks off with reports from big banks
CNBC’s Jim Cramer walked investors through an earnings-heavy week on Wall Street. -
Apple nears deal to acquire talent and technology from computer vision startup Prompt AI
Apple is in late-stage talks with startup Prompt AI to bring on the company’s employees and its computer vision technology. -
Trump announces additional tariffs on China, to begin November 1
US President Donald Trump hit markets with a fresh tariff threat on Friday, continuing his lashout at China over their decision to impose even stricter export licensing requirements on foreign entities trying to move critical rare earths minerals out of China. -
EUR/USD rebounds above 1.1600 as trade war escalates, Macron appoints PM
The EUR/USD pair recovers some ground on Friday, climbing above 1.1600 as the Greenback plunges, driven by an escalation of the trade war between the US and China. However, gains seem capped by the political turmoil and weaker-than-expected data in the Eurozone (EZ).
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