The EURUSD currency pair weakened to near 1.0835 in Monday’s European trading, declining amid uncertainty ahead of the Eurozone preliminary Harmonized Index of Consumer Prices (HICP) for July and the Fed’s monetary policy announcement on Wednesday. The Eurozone inflation data will indicate whether market expectations for two more rate cuts by the European Central Bank this … Read more
( Court Reports – Photo Illustration/MetroCreative) <!– SHOW ARTICLE –> CHARLESTON — A Parkersburg man was sentenced Thursday to two years in prison, to be followed by three years of supervised release, and ordered to pay $2,036,141.59 in restitution for tax evasion. A release from the Justice Department said Brian E. Drake, 56, of Parkersburg, … Read more
Donald Trump speaks during a campaign rally on July 20, 2024 in Grand Rapids, Michigan. (Photo by Anna Moneymaker/Getty Images) In an interview with Bloomberg Businessweek published earlier this month, Trump said that, if he wins a second term, he would push to slash the corporate tax rate: I brought the taxes down from 39% … Read more
Following mixed action in financial markets on Thursday, investors are clinging to a cautious stance on Friday. The US economic docket will feature Personal Consumption Expenditures (PCE) Price Index data for June, the Federal Reserve’s preferred gauge of inflation, alongside Personal Income and Personal Spending figures. Finally, the University of Michigan will release revisions to … Read more
The EURUSD currency pair weakened to near 1.0830 Wednesday, as the preliminary Eurozone Hamburg Commercial Bank (HCOB) Purchasing Managers’ Index (PMI) report for July showed that composite numbers unexpectedly eased due to a slowdown in activities in the manufacturing and services sectors. The HCOB Composite PMI decreased to 50.1, just above the 50 threshold that separates … Read more
The Euro-dollar EURUSD currency pair is retracing recent gains, trading around 1.0870 on Tuesday, with markets awaiting the release of the leading consumer confidence data by the European Commission later in the day. Traders expect the data to indicate an economic downturn with an expected reading of -13.2 for July, in comparison with the previous … Read more
The USDJPY pair tumbled to near 156.00 late Tuesday, with the Japanese Yen strengthening amid expectations that the Bank of Japan will tighten its monetary policy further in its July monetary policy meeting. Economists expect that the BoJ will raise interest rates further by 10 basis points, prompted by steady inflation above the bank’s target … Read more
GUILFORD, CT — A Guilford business owner this week pleaded guilty to a federal tax offense officials say stemmed from her failure to pay business payroll taxes.Michelle Ann Gilson, 38, appeared before U.S. District Judge Vernon D. Oliver in Hartford on Thursday and pleaded guilty to one count of willful failure to pay over withholding … Read more
EURGBP extended gains for the second successive session, trading around 0.8420 on Thursday. The Euro remains strong as the European Central Bank decided at its July Monetary Policy Meeting to maintain its main refinancing rate at 4.25%, as expected. The ECB’s deposit facility rate also remains unchanged at 3.75%. Traders are now looking to further … Read more
West Texas Intermediate (WTI) recovered its intraday losses, trading around $80.00 per barrel in European markets on Wednesday. The decline in the US Dollar contributed support for the crude demand, underpinning the oil prices. Additionally, the oil price has support due to the declining U.S. stockpiles, the world’s largest oil producer and consumer. The American … Read more