Japanese Yen Surges as US Dollar Breaks Through Key 150 Level
The Yen Gains Strength as Dollar Breaks 150-Yen Threshold Amid Speculation of Japanese Intervention in Currency Market; Finance Minister Cautious on Volatility
Economy
US Business Equipment Orders Bounce Back Following Revision
In August, orders for business equipment in the US rebounded, indicating businesses are investing despite higher borrowing costs and economic uncertainty, with increased demand for computers, electrical equipment, and machinery contributing to the rise.
UBS and Credit Suisse Under Scrutiny for Suspected Russian Sanctions Evasion
The US Department of Justice is intensifying its investigation into Credit Suisse Group and UBS Group AG over suspicions of sanctions-related problems with Russian clients, potentially impacting UBS’s integration of Credit Suisse’s operations.
How China’s Real Estate Crisis Could Affect Commodities and Other Markets
On Monday, Chinese real estate company stocks plummeted once more as Evergrande canceled vital meetings with its creditors, causing a sharp decline.
China’s Gold Price Surge Sets New Records Globally
“China has seen a sudden surge in interest from people who are enthusiastic about investing in gold. The demand for gold bars and coins in China has greatly increased this month, with prices sometimes being more than $100 higher per ounce compared to international rates. To put it in perspective, over the past ten … Read more
Jamie Dimon’s Concerns About Interest Rates: ‘I’m Unsure if the World is Ready for 7%’
JPMorgan’s Chairman and CEO, Jamie Dimon, recently spoke to the Times of India, sharing his thoughts a week after the Federal Reserve decided to keep interest rates steady in the range of 5.25% to 5.5%. The Federal Reserve also hinted at one more interest rate increase for this particular economic cycle. Dimon’s perspective appears to … Read more
Japan’s Finance Minister Suggests Possible Action as USD/JPY Surpasses 149
On Tuesday, the US dollar surpassed the 149 level against the Japanese yen.
UK and EU to Deliberate Post-Brexit Electric Vehicle Tariffs Ahead of Deadline
British and European Union officials are scheduled to meet on Wednesday to discuss what happens next with electric vehicle tariffs after Brexit. They’re faced with a decision on whether to delay the imposition of tariffs. The topic at hand is the “EV rules of origin,” which are part of the trade agreement between the … Read more
The Impact of Bush and Trump Era Tax Cuts: $10 Trillion Added to Government Debt
Key Points: If not for the tax cuts implemented by Bush and Trump, the U.S. debt would now stand at $23 trillion, which is lower than the national GDP. The debt ratio is presently increasing and is expected to continue rising indefinitely if the current tax policy remains unchanged. As the U.S. Congress deals … Read more