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Dollar Strengthens After Drop in US Jobless Claims Delays Rate Cut Bets

The U.S. dollar advanced on Thursday after new data showed fewer Americans filed for unemployment benefits than expected, reinforcing market expectations that interest rates will remain unchanged for several more months. Figures released by the Labor Department showed initial jobless claims fell to 198,000 in the week ended January 10, well below forecasts, signaling continued […]

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Bitcoin Slips as Gold Surges During US Political Shock

Bitcoin struggled to hold its ground during a fresh wave of political and macro uncertainty in the United States, falling behind traditional safe haven assets as tensions escalated between the White House and the Federal Reserve. The largest cryptocurrency briefly climbed toward the 92,000 level during Asian trading hours, raising hopes among supporters that it […]

Business & Markets News

Fed Flags Quiet Liquidity Risks in Short-Term Funding Markets

Federal Reserve officials are increasingly focused on whether the financial system has enough readily available cash to function smoothly even if interest rates remain stable, according to the minutes from the December policy meeting. The discussion reflected broad comfort with the economic outlook and with market expectations around policy, but it also revealed unease about […]

Business & Markets News

Bitcoin Breaks Higher as Miners Lead a Fresh Market Push Ahead of Expected Fed Cut

Bitcoin extended its post Thanksgiving rally on Friday as traders priced in a near certain Federal Reserve rate cut in early December, triggering a wave of green across crypto related stocks and pushing mining firms into the spotlight. The asset climbed as high as ninety three thousand dollars during early U.S. hours before easing slightly, […]

Business & Markets News

US Construction Spending Pops Back Up as Renovation Wave Overrides Housing Slowdown

US construction spending surprised markets in August with a slight rebound that broke from expectations of a slowdown, signaling that renovation activity is becoming the hidden force keeping the sector alive while new homebuilding struggles under the weight of higher mortgage costs. Government data showed a point two percent rise for the month after a […]

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