General view of Land Rover cars outside the Jaguar Land Rover factory on April 7, 2025 in Halewood, England. Richard Martin-roberts | Getty Images News | Getty Images Thousands of workers at Britain’s Jaguar Land Rover (JLR) will be offered voluntary redundancies as the luxury car manufacturer responds to intense competition from cheaper Chinese rivals,…
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.50 in the Asian trading hours on Monday. The DXY loses momentum as data showed US Retail Sales unexpectedly declined in July. Retail Sales in the United States (US) fell 0.6% last month…
USD/JPY trades around 159.40 on Wednesday, holding onto modest gains as a firmer US Dollar (USD) keeps the pair underpinned. The Dollar is broadly bid ahead of the Jackson Hole Symposium. Reports of a United States (US)-Iran ceasefire that would reopen the Strait of Hormuz have trimmed demand for traditional safe havens, weighing on Gold…
Prior was +98K (revised to 95K) Details: Goods -3K versus +2K last month Services +47K versus +96K last month Small business K vs +53K prior Medium businesses K vs +29K last month Large businesses K vs +25K last month Wages: Wages for job stayers 4.4% vs 4.4% last month Wages for job changers 7.0% vs…
The Dow Jones Industrial Average (^DJI -0.79%), S&P 500 (^GSPC -0.71%), and Nasdaq Composite (^IXIC -1.03%) rocketing to several new highs isn’t the only important milestone of 2026. On May 22, we also welcomed a new Fed chair for only the 17th time since the central bank’s creation in December 1913. President Donald Trump’s handpicked…