Travelers stock bends the knee as Hurricane Milton threatens to follow up Helene
Shares of Travelers Companies went down as investors got ready for what Hurricane Milton, which looks like it will be like Hurricane Helene, might do. Travelers is one of the biggest property and casualty insurers in the U.S., and the thought of two storms in a row has made the company worried about the big […]
Fed’s Kugler: Will support additional rate cuts if progress on inflation continues as expected
John Kugler, the governor of the Federal Reserve, said that he would back more interest rate cuts as long as progress was made in lowering inflation. Kugler’s comments make it sound like the Fed is keeping a close eye on economic data, especially changes in inflation, before taking any more action. Inflation has been going […]
Bitcoin struggles for momentum after recent rally
Bitcoin has entered a quiet phase, with the cryptocurrency lacking clear direction after its recent surge. Following a sharp rise earlier this year, Bitcoin’s price has stabilized, leaving traders searching for the next significant move. After months of high volatility, driven by regulatory news and macroeconomic shifts, Bitcoin now appears to be stuck in a […]
EUR/USD climbs above 1.0950 as traders await German industrial output
The Euro edged higher against the U.S. Dollar on Monday, with the EUR/USD pair surpassing 1.0950 as markets turned their attention to the upcoming release of Germany’s Industrial Production data. Investors are cautiously positioning ahead of the report, which is expected to shed light on the strength of Germany’s manufacturing sector and the broader Eurozone […]
Crypto and oil surge as stocks and bonds slump amid global uncertainty
Cryptocurrency and crude oil prices rallied on Monday, while stocks and bonds took a hit, as investors grappled with rising geopolitical tensions, weather-related disruptions, and regulatory concerns surrounding tech giants. Bitcoin and other cryptocurrencies posted solid gains, benefiting from a broader flight to alternative assets as uncertainty gripped the markets. Digital currencies have seen renewed […]
China’s stock market pauses as hopes for additional stimulus fade
China’s stock market rally took a breather on Monday, as Beijing held back on new stimulus measures, leaving investors questioning the near-term growth outlook. After several weeks of gains driven by speculation around government support, the market momentum cooled in response to the absence of broader economic interventions. This shift reflects increasing doubts about the […]
Trump-related meme coins rally following high Polymarket odds and endorsement from Elon Musk
There has been a large increase in the value of Trump-related meme currencies over the past few days. This increase has been driven by a mix of increased social media awareness and higher odds on Polymarket, which is a decentralized betting platform. The indirect endorsement of these coins by Elon Musk, which is well-known for […]