Join Us Tuesday, June 23
US Dollar surges to 13-month high as traders assess Global flash PMIs

Here is what you need to know for Wednesday, June 24:The US Dollar Index (DXY) surged to a one-year high near 101.40 on Tuesday as investors digested the latest S&P Global US Purchasing Managers Index (PMI), which showed business activity remained resilient. The Manufacturing PMI rose to 55.7 in June,…

Euro stabilizes against British Pound as weak UK PMIs contrast with resilient Eurozone activity

EUR/GBP trades little changed on Tuesday after a sharp slide the previous day, triggered by UK Prime Minister Keir Starmer’s resignation, which lifted the British Pound (GBP) across the board. At the time of writing, the cross trades around 0.8624 after hitting an intraday low of 0.8615, its lowest level since March 20.The subdued price action comes as traders digest weaker UK economic data. Preliminary S&P Global Purchasing Managers Index (PMI) readings released on Tuesday…

Business

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Over 11,000 bottles of blood pressure medication recalled nationwide

More than 11,000 bottles of blood pressure medication are being recalled nationwide due to a manufacturing defect, according to the Food and Drug Administration. The 11,460 bottles of chlorthalidone tablets, USP, 25 mg, are being recalled because of “failed dissolution specifications.” Dissolution tests measure the release rate of a drug and…

Markets

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Drone operators aren’t spared from the horrors of war, and they’re top targets

Ukraine’s drone operators aren’t necessarily spared from the horrors of war because they pilot remote systems, a senior official said. Many are in the fighting, and they’re often top targets for the enemy.Taras Berezovets, head of the military cooperation department of Ukraine’s Territorial Defense Forces, a part of Ukraine’s armed…

Investing

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