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During the US trading session on Friday (February 20), the pound sterling rose more than 0.23% against the US dollar after the US Supreme Court ruled that President Trump’s tariff policies, implemented under national emergency-related laws, were illegal. This ruling, combined with weaker-than-expected US GDP data, collectively weighed on the US dollar. The pound sterling […]

Nobel Prize-winning economist Joseph Stiglitz has a poor prognosis for the state of the economy: “Not great right now,” he said on CNBC’s “Squawk Pod” on Thursday. “And the prospects are that it’s going to get worse.” In a criticism of President Donald Trump’s economic policies, Stiglitz said one of the greatest threats to the […]

As the International Monetary Fund takes China to task, the world’s “lender of last resort” is grappling with a new legitimacy crisis. It used to be a one-size-fits-all response to financial crackups that earned the IMF global ire. From the 1997-98 Asian financial crisis to the lead-up to the 2008 “Lehman shock” to any number […]

President Donald Trump on Thursday plunged back into the midterm campaign, defending his economic record in the face of sagging poll numbers that could hamstring Republican candidates this fall. Despite polls showing widespread concern about his tariffs and their impact on already high prices, Trump signaled at a stop in Northwest Georgia that he would […]

Michigan State University, for the second year, is featured in a new “We Are Here” advertisement highlighting Big Ten universities’ leading role in educating students and driving economic prosperity. As with the first ad, the second spot was developed by a creative team made up of staff from Big Ten member universities, including members of […]

EUR/USD on Thursday stabilised at 1.1792 after a sharp decline the day before. The US dollar was supported by strong US macro data and unexpectedly tough signals from the Fed. The minutes of the previous meeting showed that disagreements remain within the Federal Reserve regarding the future path of rates. This suggests that it may […]

NEW YORK — The U.S. stock market ticked higher on Wednesday, led by its most influential stock, Nvidia. The S&P 500 rose 0.6% and pulled a bit closer to its all-time high set late last month. The Dow Jones Industrial Average added 129 points, or 0.3%, and the Nasdaq composite gained 0.8%. Nvidia helped lift […]

South Africa’s unemployment rate fell to its lowest level in more than five years, the latest sign that the continent’s biggest economy is finally gathering momentum. But more than 30% of South Africans remain jobless despite broad-ranging government efforts in a country that has one of the highest unemployment rates in the world. Nevertheless, the […]

Somewhere between the first ticket purchase and the final prop bet, $20.2 billion changed hands. That was the projected spending around this year’s Super Bowl on food, drinks, apparel, tickets, streaming and festivities, with nearly $2 billion more in legal wagers in the United States on everything from the final score to which celebrities would […]