U.S. foreign tax bill sends jitters across Wall Street
Trump’s “One Big Beautiful Bill Act,” if enshrined into law, could transform the current trade conflict into a capital war, investment banks say.
Amazon taps Xbox co-founder to lead new team developing ‘breakthrough’ consumer products
A former Microsoft executive is leading a new team at Amazon within the company’s devices unit.
Baker Hughes oil rig count -4 to 461
- Oil rig coun -4 to 461
- Nat Gas +1 to 99
- Total rigs -3 to 563.
The price of crude oil is down around $0.50 at $60.40.
- For the week, the price is down -2.07%.
- For the month, the price is up +3.85% after the price closed last month at $58.17.
- For the year the price is down -15.89% from the 2024 closing level of $71.81
This article was written by Greg Michalowski at www.forexlive.com.
Musk-Altman AI rivalry is complicating Trump’s dealmaking in Middle East
Elon Musk tried to derail a major AI infrastructure deal in the Middle East, a source confirmed to CNBC
US: Consumer Spending Cools in April Amid Elevated Uncertainty
Consumer spending decelerated in April despite a modest acceleration in income growth. Personal income advanced by 0.8% month-over-month (m/m), well ahead of consensus expectations for a 0.3% m/m gain. This strength, however, did not filter through to spending, which cooled to a gain of 0.2% on the month. As a result, the personal savings rate […]
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EUR/USD Mid-Day Outlook
Daily Pivots: (S1) 1.1258; (P) 1.1322; (R1) 1.1432; More… Intraday bias in EUR/USD remains neutral at this point. On the upside, break of 1.1417 resistance will revive the case that correction from 1.1572 has completed at 1.1064. Retest of 1.1572 should then be seen next. Nevertheless, break of 1.1209 will extend the corrective pattern and […]
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Canada GDP expands 0.1% mom in March, another 0.1% mom in April
Canada’s GDP grew by 0.1% mom in March, in line with market expectations. Strength in goods-producing industries continued to support overall output. The sector expanded by 0.2%, marking its second lead contribution in the past three months. Services-producing industries also edged higher by 0.1%. In total, 9 out of 20 sectors posted growth. Looking ahead, […]
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XAU/USD Chart Analysis: Gold Price Stabilises Around $3,300
Throughout May, a turbulent news backdrop — involving both international trade tariffs and armed conflicts — led to the formation of a peak around $3,430 and a low near $3,130 on the XAU/USD chart. As of today, the price per ounce stands around $3,300 — roughly the same level as at the beginning of the […]
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EUR/USD Daily Outlook
Daily Pivots: (S1) 1.1258; (P) 1.1322; (R1) 1.1432; More… Intraday bias in EUR/USD stays neutral for the moment. On the upside, break of 1.1417 resistance will revive the case that correction from 1.1572 has completed at 1.1064. Retest of 1.1572 should then be seen next. Nevertheless, break of 1.1209 will extend the corrective pattern and […]
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Trump will hold a rally at U.S. Steel as investors seek clarity on Nippon deal. Here’s what we know
President Trump will hold a rally Friday at a U.S. Steel plant near Pittsburgh, one week after signaling he had cleared a merger with Japan’s Nippon Steel.