Elizabeth Street Garden, a cherished public oasis in lower Manhattan, faces imminent eviction to make way for a new housing development project. The garden, founded in 1991 by an antiques gallery owner, has become a symbol of community and respite in the crowded Little Italy neighborhood, immortalized in films like “Mean Streets” starring Robert De
Art
The promise of a resurgence in U.S. manufacturing has been a hot topic in recent years. However, the reality is far from the optimistic picture painted by political figures. The decline of U.S. manufacturing over the last few decades is evident in the data. While there have been modest increases in output in certain industries
Gold prices have been on the rise, with a troy ounce of the precious metal currently priced at 2517 USD. The market is eagerly awaiting the release of August’s crucial US employment report, as it could have a significant impact on the Federal Reserve’s interest rate outlook. Lower interest rates are expected to reduce the
China’s policymakers, according to Yi Gang, the former head of the People’s Bank of China, must prioritize boosting domestic demand to combat deflationary pressure. The key focus should be on improving domestic demand, addressing issues in the real estate market, local government debt problems, and restoring society’s confidence. Proactive fiscal policies and accommodative monetary policies
The GBP/USD pair is currently trading above the 1.3100 level, indicating that buyers are in control of the market. The Relative Strength Index (RSI) confirms this bullish sentiment, suggesting that the pair may be eyeing a resistance level of 1.3200. If the pair manages to break above 1.3179, it could open the door to challenge
The EUR/USD pair has remained stable around 1.1077, with investors holding back and conserving their energy in anticipation of crucial employment data from the United States. The ADP private sector jobs report, which is due today, is expected to provide a general sense of market sentiment. The market will also closely watch the weekly unemployment
The recent data from the Labor Department indicates a decline in the number of Americans filing new applications for jobless benefits, suggesting that layoffs remain low. This development alleviates concerns about the deterioration of the labor market and allays fears of a looming recession. The weekly jobless claims report also shows a reduction in unemployment
Visa, the renowned card network company, has recently announced its plans to introduce a groundbreaking service that will revolutionize the way bank transfers are conducted. This new service, which will bypass the traditional credit card and direct debit methods, is set to be launched in Europe in the coming year. By allowing users to set
The recent spike in unemployment in July has left economists puzzled, with Arch Capital Chief Global Economist Parker Ross suggesting that temporary layoffs may have been a key factor. This has raised concerns about the stability of the labor market and its implications for future job reports. The upcoming August jobs report may shed more
The USD/JPY pair has experienced a slight increase, reaching 145.95 on Wednesday morning. This movement represents a rebound from two-week lows; however, it is premature to predict a significant reversal in the trend given the current economic conditions. Market participants are exercising caution as they await the release of crucial US employment market data for
The recent sell-off in Wall Street has prompted a surge in the safe-haven Japanese yen, with riskier currencies like the Australian dollar and sterling taking a hit. Traders are seeking cover due to concerns about a potential hard landing for the U.S. economy. The catalyst for this market reaction was the release of soft U.S.
Following a significant drop in Nvidia’s share price in the U.S., Asian semiconductor stocks experienced a decline on Wednesday morning. This downward trend was influenced by Nvidia’s over 9% plunge in regular trading, which triggered a sell-off in semiconductor stocks across Wall Street. The economic data released on Tuesday also contributed to the jittery sentiment
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