Author: News Room

By Abigail Summerville and Johann M Cherian (Reuters) -All three stock indexes gained on Friday, headed for weekly gains as investors took comfort from data pointing to robust economic activity in the world’s biggest economy. A measure of business activity raced to a 31-month high in November, boosted by hopes for lower interest rates and more business-friendly policies from President-elect Donald Trump’s administration next year. The domestically focused small-cap index outperformed large-cap indexes with a 1.7% rise. The index hit its highest in more than a week and was set for weekly advances of nearly 4%. Meanwhile, Alphabet (NASDAQ:) lost…

US Dollar Index declines below 108.00 on Friday, November 22. DXY retreats from 2-year high despite strong S&P PMI data; profit-taking and China’s stimulus package contribute to pullback. Fed officials remain cautious with Barkin citing inflation risks and Williams indicating potential rate reduction. In Friday’s session, the US Dollar Index (DXY) declined slightly after reaching a new two-year high amidst geopolitical instability. However, strong S&P PMI data reinforced the US economy’s relative resilience, supporting the DXY’s gains.  The US Dollar’s pullback was attributed to profit-taking and positive economic indicators from China, including a rate reduction and a comprehensive stimulus package.…

Symmetrical triangle pattern suggests a major directional move is imminent for XRP/USDT. Resistance at $1.313 and support at $1.060 serve as key levels for trading strategies. Indicators like MACD and RSI align, pointing to potential upward momentum. Amid the constantly changing environment in the crypto market, where assets with high volatility, XRP/ USDT has become an object of active trading for operators at times of uncertainty. Recent technical indicators show both bull and bearish signals that indicate that price in the short term can have the biggest move. 📈 LONG : #BINANCE | #XRPUSDT | $XRP | #XRPUSD | #XRPChoose…

Mick Mulvaney said he doubts Musk can cut $2 trillion from the federal budget, per NYT.Mulvaney also told clients he doesn’t think Musk will be around long enough to his cuts through.Musk and Ramaswamy outlined their cost-cutting plans in a recent opinion piece.Mick Mulvaney, President-elect Donald Trump’s second chief of staff, doubts that Elon Musk will achieve his lofty goal of slashing $2 trillion from the federal budget, sources told the New York Times.On a recent call with clients of Actum, the lobbying firm where Mulvaney now works, the former Cabinet member told the 70-odd people listening to the call…

Jaguar defended its rebranding campaign after online critics roasted a promotional video.Jaguar’s boss said the rebranding message was lost “in a blaze of intolerance.”The campaign, featuring models and no cars, faced criticism for being “woke.”Jaguar’s managing director is defending the British luxury carmaker’s new rebranding campaign — calling out some of its online critics for their “vile hatred” and “intolerance.”In an interview with the Financial Times, Rawdon Glover said the campaign’s intended message was lost “in a blaze of intolerance” and that the controversial promotional video was not meant to be a “woke” statement, as some critics have argued.The video,…

By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve on Friday announced plans for a May 15-16 conference and public “Fed Listens” events around the country as part of a review of its long-run strategy and approach to policymaking. The so-called “framework review,” the second of what are now intended as regular five-year analyses of the U.S. central bank’s overarching approach to monetary policy, will kick off with discussions among policymakers beginning in January, but look outside the institution as well through the conference and the community events. “We are open to new ideas and critical feedback and will take…

By Niket Nishant and Chris Prentice (Reuters) – Robinhood Markets (NASDAQ:)’ Chief Legal Officer Dan Gallagher on Friday withdrew from consideration for chair of the Securities and Exchange Commission in the Trump administration, leaving other Republican former SEC officials among the top candidates. “I’ve made it clear to the relevant people that I’m not interested in being considered for the role,” he told CNBC. Gallagher said in a statement he was committed to Robinhood and the retail brokerage’s customers. Industry sources said restrictions on public officials’ investments were a potential deterrent for Gallagher, who served as an SEC commissioner from…

The Dow Jones gained another 400 points on Friday. After a brief lull, the major index is back into its post-election rally. Investors are pivoting out of the usual tech rally into consumer goods. The Dow Jones Industrial Average (DJIA) has snapped its recent soft patch, extending its midweek bullish pivot into a firm Friday performance. The Dow Jones is on its way to finishing another trading week on the firmly bullish side, up around 1.8% from Monday’s opening bids but still a little shy of last week’s record highs near 44,485. A firm print in US Purchasing Managers Index…

Bitcoin’s (BTC) steady climb toward the $100,000 mark this week has triggered a significant pivot toward altcoins with a surprise announcement: the resignation of SEC Chairman Gary Gensler. Gensler, known for his tough stance on crypto, buoyed the market with his exit, and altcoins took the spotlight on Thursday. Altcoins, smaller and generally riskier cryptocurrencies compared to Bitcoin, have rallied this year alongside the largest cryptocurrency’s record-breaking rally. With Bitcoin trading in overbought territory, analysts suggest altcoins could extend their recent gains. “All cryptocurrencies have been bullish in recent weeks,” said Rob Ginsberg of Wolfe Research. “On a relative basis,…

I shopped at West Elm and Crate & Barrel to see which store had better holiday decor.Crate & Barrel offered chic, modern decorations, but West Elm had classic, cozy options.As an interior designer, I liked both stores, but West Elm ultimately felt warmer and more festive.As an interior designer, I use my eye and skills when decorating for the holidays.Although I usually shop for affordable holiday decor, I wanted to see what two high-end retailers had to offer this season. So, while shopping in NYC, I visited West Elm and Crate & Barrel — two stores known for their stylish…