Nonfarm Payrolls (NFP) in the United States rose by 64,000 in November, according to a report from the U.S. Bureau of Labor Statistics (BLS) on Tuesday. This figure was better than market expectations of a 50,000 increase. (alg) Source: FXstreet
Lawmakers returned to Washington on Tuesday (November 11th), after a 53-day recess, facing crowded airports across the country for a vote that could end the longest US government shutdown in history. With more than 1,000 flights canceled on Tuesday due to the shutdown, lawmakers, including Republicans Rick Crawford of Arkansas and Trent Kelly of Mississippi, said they would drive to the Capitol, while Representative Derrick Van Orden said he would drive 16 hours from Wisconsin on his motorcycle. "It's going to be a little cold, but I'm going to do my job," the Republican said in a video...
The longest government shutdown in U.S. history could end this week after a compromise that would restore federal funding cleared an initial Senate hurdle late on Sunday, though it was unclear when Congress would give its final approval. The deal would restore funding for federal agencies that lawmakers allowed to expire on October 1, bringing welcome relief to low-income families that have seen food subsidies disrupted, hundreds of thousands of federal workers who have gone unpaid for more than a month and travelers who have faced thousands of canceled flights. It would extend funding...
The U.S. Senate is expected to hold a test vote on a spending bill on Sunday evening to end the longest ever U.S. government shutdown, with ABC News reporting that enough Democrats now supported the measure. ABC reported that there will be enough Democratic votes to pass a measure approving funding for the government until January 31, citing a senior Democratic senator. The bill is unlikely to include any extension of the Obamacare subsidies that the Democrats have been holding out for, ABC reported. The ABC report came just before the Senate kicked off a rare late-Sunday session at 6:00...
China has begun designing a new rare earth licensing regime that could speed up shipments, but it is unlikely to amount to a complete rollback of restrictions as hoped by Washington, industry insiders said. The Ministry of Commerce told some rare earth exporters they will be able to apply for new streamlined permits in the future and in industry briefings outlined the documents that will be required, two sources familiar with the matter said. The export curbs have become Beijing's most potent source of leverage in its trade rivalry with Washington, as China produces over 90% of the world's...
The Trump administration suspended docking fees for Chinese-built ships as part of a "trade truce" last month. The move has drawn criticism for weakening U.S. efforts to protect port access—so-called privileges—and increasing supply chain vulnerabilities. U.S. dependence on the Chinese fleet is now massive. Last year, more than $5 trillion worth of goods flowed through U.S. ports, including $3 trillion in imports, and nearly a third of that was carried by ships built, owned, or operated by China. The U.S. shipbuilding industry itself has declined sharply: from 77 commercial vessels built in...
Asian stock markets fell in unison on Thursday, following Wall Street's decline. A brief rally in tech stocks led by Nvidia quickly faded, prompting investors to turn away from riskier assets like...
Pasangan mata uang EUR/USD mengawali pekan ini dengan nada sedikit melemah di sesi Asia, diperdagangkan di sekitar 1,1730, turun kurang dari 0,10% dalam sehari. Meski terkoreksi, euro masih berada...
US President Donald Trump said Washington is willing to provide security assistance to Ukraine as part of a deal to end the war with Russia. He emphasized that security support is a crucial factor...