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Disney and ABC have faced criticism for bowing to pressure from Federal Communications Commission Chairman Brendan Carr in benching Jimmy Kimmel.
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Fed’s Daly: Rate cut was to try to support the labor market
- Jobs market has softened quite a bit of the last year
Daly is speaking on AI implications for the workforce.
This article was written by Adam Button at investinglive.com.
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Why investors are rushing back to Big Tech — plus, productive Trump-Xi talks
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. -
Steve Bannon floats idea of Bessent running both Treasury and the Fed
White House confidante Steve Bannon has an unusual solution for who should take over as Federal Reserve Chair Jerome Powell next year. -
The gold bulls pile back in as it nears pre-FOMC levels
Gold is at the highs of the day, up $38 to $3681 which nearly brings it back to where it was trading minutes before the FOMC decision. It’s also just $20 from the all-time high.
This week was a test for gold as it was hit by a somewhat hawkish Fed and higher Treasury yields. Despite that, the bulls pounded on some modest weakness and have aggressively bought today.
Ultimately, I don’t think the gold bull case is about medium term Fed policy or inflation but about a breakdown in the decades-long order in trade and geopolitics.
This article was written by Adam Button at investinglive.com.
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USD/CNH: Any advance is unlikely to threaten the 7.1220 level – UOB Group
Further uptick in upward momentum may lead to US Dollar (USD) edging higher; any advance is unlikely to threaten the 7.1220 level. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. -
USD/CNH: Any advance is unlikely to threaten the 7.1220 level – UOB Group
Further uptick in upward momentum may lead to US Dollar (USD) edging higher; any advance is unlikely to threaten the 7.1220 level. In the longer run, USD must break and hold below 7.0860 before further downside is likely, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note. -
USD/CHF extends beyond 0.7950 amid generalised Swiss Franc weakness
The US Dollar appreciates against the Swiss Franc for the third consecutive day, returning to levels beyond 0.7950 to regain most of the ground lost in the first half of the week. -
USD/CHF extends beyond 0.7950 amid generalised Swiss Franc weakness
The US Dollar appreciates against the Swiss Franc for the third consecutive day, returning to levels beyond 0.7950 to regain most of the ground lost in the first half of the week. -
Virtually no Gold exports from Switzerland to the US in August – Commerzbank
The Swiss customs authorities have published data on Gold exports in August, Commerzbank’s commodity analyst Carsten Fritsch notes.
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