Gold (XAU/USD) price recovers some ground on Friday, hitting a two-day high of $4,096 as the Greenback edges lower alongside Treasury yields after investors trimmed hawkish bets on the Federal Reserve (Fed). The XAU/USD pair trades at $4,076, up 1.24%.XAU/USD rises as traders trim Fed hawkish betsThe yellow metal has…
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UOB’s Lee Sue Ann highlights that Australia’s unemployment rate dipped to 4.4% in May with a 40.3k employment gain, mainly in part-time jobs, and participation rising to 66.7%. However, she stresses that falling hours worked and higher underemployment signal weakening labour utilisation and a gradual loosening in labour market conditions beneath the resilient headline figures.Headline resilience versus softer utilisation”That said, the underlying details were less encouraging. Total hours worked declined by 1.1% over the month,…
I’ve spent most of my life living close to at least some family.My mom was…
Societe Generale strategists note USD/MXN has held key lows near 17.10 and is now trying…
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Many families dream of having a private island to call their own. In Connecticut, a new family just made that a reality.Hay Island, an 18-acre piece of land off the coast of Connecticut, was sold for $26.5 million.The last owners owned it for over 100 years. The Zielgler family acquired…
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California voters will decide in November whether to impose a one-time 5% tax on billionaires under a ballot measure supporters say could raise about $100 billion to help offset federal Medicaid funding cuts, despite opposition from Gov. Gavin Newsom and other state leaders. The proposal would apply to California residents…
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SpaceX’s record-breaking IPO has turned former employees into millionaires — and left alums of a rival rocket company with a serious case of FOMO.Three ex-employees of Jeff Bezos’ rocket maker Blue Origin told Business Insider that the company’s unusual approach to equity left them with stock options that are essentially…
