The EURGBP pair is trading with mild losses near 0.8475 in the early European session on Friday. The Pound Sterling is edging higher as the Labour Party led by Keir Starmer appears to be headed for a huge majority in the 2024 UK election, Reuters reported on Friday. Later in the day, Eurozone Retail Sales for … Read more
Republicans are united around Donald Trump as their nominee, but where they are still divided is what to do about the 21% federal corporate tax rate if they control Washington next year.Some are pushing for a corporate rate as low as 15%. Others have signaled a willingness to accept an increase up to 25%. Donald … Read more
LINCOLN — The longshot petition to let voters replace property, income and corporate taxes with a consumption tax fell short of a bulk signature-gathering hurdle that often stops ballot initiatives short that lack paid circulators. That higher hurdle is securing signatures from 10% of the state’s registered voters to amend the state constitution, or about … Read more
Analysis: Morningstar DBRS Just a day to the UK general election on 4th July and a change in government looks imminent. The Labour party has continued to lead in the voting intention polls and if polls prove right, Labour will form the next government. After 14 years of a Conservative-led government, a change to Labour … Read more
The EURJPY currency pair traded in positive territory for the sixth consecutive day near 173.80 on Wednesday during the early European session. The Yen weakened after the data showed that Japanese business activity turned contractionary in June. The final reading of Japan’s Services PMI fell to 49.4 in June from 49.8 in May. This figure … Read more
EURUSD remains on the backfoot on Tuesday, slightly above 1.0700, as the major currency pair comes under pressure due to expected decline in the preliminary Eurozone HICP data for June. The annual Harmonised Index of Consumer Prices decelerated to 2.5%, as expected, year-on-year from May’s reading of 2.6%. In the same period, the core HICP, which … Read more
Facing a deadline just days away, New Jersey lawmakers Wednesday night introduced and quickly began approving a record new $56.6 billion state budget that’s backed by a new tax hike on large companies, adds some funding for property-tax relief, and includes big spending on public schools and pensions.But Democratic leaders once again faced objections from … Read more
New Jersey Gov. Phil Murphy and legislative leaders have once again hashed out a budget behind closed doors just in time to avert a government shutdown — leaving little time for lawmakers to review more than $56 billion in spending.Among the key provisions: The state will be investing more than expected in a program slated … Read more
EURUSD recovered to near the crucial support of 1.0700 in Friday’s European trading. The major currency pair rises as the market sentiment remains positive ahead of the US core Personal Consumption Expenditure price index (PCE) data for May. The underlying inflation data would influence market speculation on the Federal Reserve reducing interest rates from the September meeting, according … Read more
Corporate executives complain about some of President Biden’s policies, along with his rhetoric. But so far they have not abandoned him en masse. When the White House chief of staff, Jeffrey Zients, met with dozens of top executives in Washington this month, he encountered a familiar list of corporate complaints about President Biden.The executives at … Read more