Tag: Fed
-
Gold surpasses $4,000 as global uncertainty fuels historic rally
Gold sails past $4,000 as uncertainty drives record rally The price of gold surged to a record high of more than $4,000 an ounce, reflecting a global investor mood that favors safe havens amid economic and political uncertainty. Spot gold briefly traded above $4,011 an ounce in Asia, while gold futures reached a similar level,…
-
Gold tops $4,000 as uncertainty fuels rally
Gold surges past $4,000 amid global uncertainty Gold has surged to a record high, trading above $4,000 an ounce as investors flock to what is widely seen as a safe haven in times of economic and political uncertainty. The move marks the strongest rally for the precious metal since the 1970s, underscoring how concerns about…
-
Pole Positions and Policy Pivots: Markets on the Edge
Market Snapshots Weekend to Week Ahead The global financial stage was crowded this weekend, with political and policy pivots sending ripples through equities, currencies and commodities. From Tokyo to Washington, traders are recalibrating bets as new leadership, energy policy tweaks, and budget-uncertainty themes converge. Japan: Takaichi’s Rise and the Abenomics Question In Tokyo, Sanae Takaichi…
-
Dollar slides in NY FX market as payroll slowdown fuels Fed cuts bets
Market snapshot: dollar retreats in NY FX trading as payroll data stirs rate-cut bets In late trading, the U.S. dollar weakened against the yen and the euro in the New York foreign exchange market after softening U.S. jobs data reinforced bets that the Federal Reserve will deliver additional rate cuts this year. The dollar index…
-
Trump v Fed: Supreme Court Halts Lisa Cook Dismissal
Overview The U.S. Supreme Court has temporarily blocked an effort by former President Donald Trump to remove Federal Reserve Governor Lisa Cook from the central bank’s board. In a brief, unsigned order, the Court said it would hear arguments in January on Trump’s attempt to force Cook out, allowing her to remain in office in…
-
Supreme Court halts Trump bid to fire Fed board member Cook
What happened: Supreme Court pauses removal of a Fed board member The United States Supreme Court has temporarily blocked President Donald Trump’s effort to remove Federal Reserve board member Lisa Cook. In an unsigned, brief order issued on Wednesday, the court said Cook may remain in her post until a January hearing, where arguments will…
-
UBS May Relocate Headquarters to the United States
Why UBS Is Weighing a Move Rising regulatory pressure and shifts in the global banking environment have fueled rumors that UBS is considering relocating its headquarters to the United States. The core idea would be to move the parent holding company that now governs the bank from Switzerland to the U.S., potentially changing which regulator…
-
UBS Considers a US Headquarters Move: Implications for Switzerland
UBS Considers a US Headquarters Move: What Could Change? Rumors are circulating that UBS is weighing relocating its headquarters to the United States. The idea would involve shifting regulatory oversight from the Swiss FINMA to the U.S. Federal Reserve, while the Swiss subsidiary remains protected by structural separation to safeguard savers. The move would not…