Join Us Friday, July 31
US Dollar extends sell-off after weak US growth, Yen surges on suspected intervention

Here is what you need to know for Friday, July 31:The US Dollar (USD) falls sharply during the American session on Thursday after United States economic growth missed expectations and underlying inflation moderated. Additional pressure comes from a sudden surge in the Japanese Yen (JPY), which fuels speculation that Japanese authorities intervened in the foreign exchange market.The US Dollar Index (DXY) declined around 0.8% and trades near 100.00, falling below the psychological 100.00 level. Preliminary…

Finance news

View More
States ranked by how much of their federal income tax is paid by the top 1%

Tax proposals targeting wealthy residents have renewed debate in states including New York and California about how much the rich should be paying in taxes. But just how much do the top 1% already pay?While state and local taxes vary widely across states, from high-tax states like California to no-state-income-tax…

Business

View More
June PCE: Fed’s favored inflation gauge showed price growth eased

The Federal Reserve’s preferred inflation gauge fell in June, as the pace of price growth pulled back amid volatility in energy markets. The Commerce Department on Thursday reported that the personal consumption expenditures (PCE) index declined 0.1% on a monthly basis in June and was up 3.7% from a year ago. Both…

Markets

View More

Investing

View More