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United States Dollar Index rises as strong NFP revives Fed hike bets

The United States Dollar Index (DXY) rises some 0.17% on Friday following a stellar Nonfarm Payrolls (NFP) report, with the economy creating nearly three times as many jobs as expected by most economists, as reported by the Bureau of Labor Statistics (BLS). At the time of writing, the DXY trades…

USD/CHF Price Forecast: NFP rally stalls at 0.8100, retraces

The USD/CHF registers modest gains of over 0.30% as the Greenback is boosted by a solid US Nonfarm Payrolls report, pushing the pair above the 50-day Simple Moving Average (SMA) to reach a daily high of 0.8126. At the time of writing, trades at 0.8098. Read the full article here

Finance news

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The LA Clippers scandal has become a PR headache for ESPN

The NBA’s landmark ruling against the Los Angeles Clippers for salary cap circumvention is causing a PR headache for the Worldwide Leader in Sports.ESPN has drawn widespread criticism from media industry insiders for its coverage of the Clippers’ salary cap scandal.ESPN’s reporting included an August 17 story that cited three…

Business

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Before the 1917 Russian Revolution, socialists in the U.S. were winning hundreds of local and national contests. In Manhattan, a socialist immigrant from Lithuania was sent to Congress in 1915. Milwaukee had three socialist mayors. And in the 1912 presidential election, socialist presidential candidate Eugene Debs received 6% of the…

Markets

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Tesla’s Cybercab launch catches the eye of US auto safety regulator

Tesla’s Cybercab is live in Austin. Now, regulators in Washington are asking to check the EV-maker’s homework.The National Highway Traffic Safety Administration, or NHTSA, opened an audit inquiry late Thursday into Tesla’s Cybercab certification.The move came hours after Tesla’s commercial deployment of a small number of Cybercabs in Austin, which…

Investing

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