Asia FX muted, dollar recovers as markets look to slower rate cuts
Most Asian currencies moved in a tight range on Tuesday, while the dollar extended overnight gains as traders positioned for a slower pace of interest rate cuts in the coming…
Gold prices edge up, remains pressured by strong dollar after hawkish Fed
Gold prices edged higher in Asian trade on Tuesday, extending their tepid performance as investors still remained cautious with the rising dollar following the U.S. Federal Reserves hawkish tilt. Traders…
Is the 4% Rule Putting Your Retirement Dreams at Risk?
Picture this: With hard work you’ve finally retired with a comfortable nest egg of $1 million. Based on the 4% rule, you take out $40,000 for your first year of…
Merck & Chinese Drugmaker: $2B Weight Loss Pill 💡
On Wednesday, Merck said it has agreed to buy rights to an experimental weight loss pill from Chinese drugmaker Hansoh Pharma for up to $2 billion. Merck did not say…
Fabio Ochoa Vasquez: A Return to Colombia After More Than 20 Years in US Jail for Drug Trafficking
In a shocking turn of events, one of the founding members of the infamous Medellín drug cartel, Fabio Ochoa Vasquez, has returned to Colombia after spending over two decades behind…
Former US President Bill Clinton Hospitalized for Observation After Developing Fever
Former US President Bill Clinton has been admitted to Georgetown University Medical Center in Washington, DC, after his fever developed. “Clinton is in good spirits and appreciative of the exceptional…
US Government Passes Budget to Avoid Shutdown Amid Ongoing Debt Challenges
A budget to prevent a shutdown has been passed by the US government, but the contentious deal notably does not contain a proposed increase to the federal borrowing limit backed…
National Bank of Canada Acquires Canadian Western Bank: A Landmark Deal in Canadian Banking
The National Bank of Canada’s historic purchase of Canadian Western Bank is like a seismic modicum in the very make-up of the Canadian economy. The CAD 5.2 billion transaction is…
Core inflation index indicates 2.4% in November, lower than expected
The core PCE Price Index, the Federal Reserve’s favored inflation measure, increased at an annual pace of 2.4% in November compared to expectations of 2.6%. This is a daily reading…
The Ripple Effect: How FOMC Effects Financial Markets
At the center of this structure, FOMC controls the world financial markets and provides a way of steering the economic processes through its policy. Across interest rates and asset purchases,…