Fed chair Jerome Powell struck a dovish tone at the Jackson Hole symposium Friday, signalling a shift in policy focus toward supporting a softening labour market, rather than preemptively tightening to curb inflation.While he did not explicitly commit to a rate cut, his remarks were seen as opening the door…
Here’s a quick recap of the crypto landscape for Friday (August 22) as of 9:00 p.m. UTC. Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news. Bitcoin and Ethereum price update Bitcoin (BTC) was priced at US$116,546, a 3.9 percent increase…
Citing a shifting economic situation in the US, Federal Reserve Chair Jerome Powell indicated that the central bank is ready to adjust interest rates during his speech at the Jackson Hole Economic Policy Symposium. Powell indicated that the Fed’s dual mandate goal is essentially in balance, saying the labor market…
By Darren Brady Nelson One of former President Ronald Reagan’s most famous quotes is “trust, but verify.” He made that remark on December 8, 1987, to then-Soviet General Secretary Mikhail Gorbachev as the audience gathered on that historic day for a nuclear arms treaty. In the wake of US President…
Easement to Facilitate Near-Term Exploration Logistics for New Amalga Gold Project & Secure Road Route Spanning One-Third of Distance from Public Highway to Project Site Grande Portage Resources Ltd. (TSXV:GPG)(OTCQB:GPTRF)(FSE:GPB) (‘Grande Portage’ or the ‘Company’) is pleased to announce that it has applied for a State of Alaska easement related…
Shares of Cracker Barrel Old Country Store plummeted roughly 10% on Thursday after the restaurant unveiled its new logo earlier this week as part of a larger brand refresh. The new logo removes the image of a man leaning against a barrel that was prominently featured in the original, leaving…
Illinois Tool Works Inc (NYSE: ITW) has quietly outperformed in recent months, riding the wave of a broader rally in industrials.But renowned investor Josh Brown believes this isn’t just a short-term trade – it’s a long-term hold.In a recent CNBC interview, Brown dubbed ITW one of the “best stocks in…
A nervous quiet has descended upon global markets, as a rising chorus of hawkish voices from the Federal Reserve and surprisingly strong US economic data force a painful recalibration of interest-rate hopes. This wave of anxiety has washed over Asia, ending a six-day winning streak in India and putting a…
Despite claims from the Trump administration, major Japanese automakers have not increased prices in the US in response to imposed tariffs, according to a CNBC report.This strategic shift follows a recent report by Nikkei Asia, published on Thursday, which revealed that Japanese automakers are now “passing some of the expense…
The initial relief rally has faded, and a nervous hangover is settling over European markets on Friday. As investors begin to comb through the fine print of the European Union’s massive trade deal with America, the devil in the details is creating a clear divide between winners and losers, pushing…