The federal government ran a surprise budget surplus in June. However, calendar effects papered over the continued spending problem in Washington, D.C.
After years of range-bound trading, platinum finally broke out in spectacular fashion. The metal surged from just over $900 an ounce in January to around $1,360 by the end of June, representing a 49.8% gain.
U.S. equities traded sideways on Monday as investor sentiment wavered following President Donald Trump's weekend announcement of a sweeping 30% tariff on all imports from the European Union and Mexico, set to take effect August 1.
Kraft Heinz Co. is reportedly exploring a significant corporate restructuring, potentially splitting into two entities: a grocery division and a Taste Elevation segment.
In this video, Ira Epstein discusses the market's initial reaction to new 30% tariffs imposed on Mexico and the European Union, highlighting the potential for retaliation and further tariff increases if negotiations do not progress.
Over the weekend, Trump sharpened his attacks on Powell, after a spate of name-calling and public expression of his desire for the Fed Chair to resign.
The GBP/USD exchange rate has pulled back in the past few weeks and moved to its lowest level since June 23rd. It moved from the year-to-date high of 1.3785 to 1.3490 as investors wait for the upcoming US and UK inflation data.
