Democrats urge Biden. Eight House Democrats—Reps. Jared Huffman of California, Sean Casten of Illinois, Marc Veasey of Texas, Greg Landsman of Ohio, Zoe Lofgren of California, Chuy Garcia of Illinois, Mark Pocan of Wisconsin, and Betty McCollum of Minnesota—along with Sen. Martin Heinrich (D-N.M.), have collectively urged President Biden to end his campaign. This call […]
Nvidia NVDA 2.80% stock experienced a turbulent trading day, marked by significant fluctuations. The stock opened Thursday with a 3.3% gain, but soon dipped as much as 1.2% before staging a strong recovery to close up 2.8% at $121.29. This volatile movement follows a 6% decline on Wednesday, prompted by investor concerns spurred by former […]
In a promising turn for the US retail sales excluding automobiles saw a significant rebound in June, marking the largest increase in three months. This uptick suggests that consumers regained momentum towards the end of the second quarter. This is despite challenges such as high interest rates and a cooling labor market. Key Statistics and […]
Last week, US mortgage rates dipped below 7%, marking the first time they have fallen below this threshold since March. This development has triggered a notable uptick in financing applications for home purchases. According to the latest data from the Mortgage Bankers Association (MBA). The contract rate for a 30-year fixed mortgage decreased by 8 […]
In a decisive move to enforce compliance with export regulations, the U.S. Commerce Department has imposed a three-year export ban on USGoBuy, a freight-forwarding company based in Portland, Oregon. Officials have emphasized that this action serves as a stark warning to companies to strictly adhere to U.S. export-control laws, especially concerning the shipment of sensitive […]
Minneapolis Fed President Neel Kashkari delivered a keynote speech on Tuesday, outlining the Federal Reserve stance on interest rates amidst ongoing economic shifts. Kashkari emphasized the Fed’s readiness to maintain current interest rates until inflation reaches its 2% target. He also mentioned the possibility of rate increases if necessary. Steadfast Commitment to Stability Speaking at […]
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