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Treasury Secretary Janet Yellen on Friday designated Douglas O’Donnell as acting IRS commissioner, saying he will head the agency following the end of Commissioner Charles Rettig’s term on Nov. 12. O’Donnell is now the agency’s deputy commissioner. “Deputy Commissioner O’Donnell has dedicated his career to serving American taxpayers through every level of the agency,” Yellen […]
• GBPAUD reversed from support level 1.7635 • Likely to rise to resistance level 1.8200 GBPAUD recently reversed up from the pivotal support level 1.7635 (former resistance from July and August, intersecting with the 38.2% Fibonacci correction of the upward impulse from September). The upward reversal from the support level 1.7635 started the active shot-term […]
• AUDUSD reversed from resistance level 0.6500 • Likely to fall to support level 0.6300 AUDUSD recently reversed down from the resistance level 0.6500 (which reversed the pair multiple times at the end of September), standing close to the upper daily Bollinger Band and the 50% Fibonacci correction of the downward impulse from September. The […]
Alphabet Inc.’s GOOGL, +4.50% GOOG, +4.44% Google is preparing a legal fight over $275 million in fines by Indian regulators for antitrust violations last week that Google claims would change its approach to its Android operating system, according to a Reuters report. Indian officials levied $275 million in two decisions last week: one for the […]
The Binance CEO said the company wired $500 million to take a share of equity as Elon Musk’s Twitter takeover is finally sealed. 3235 Total views 14 Total shares Binance CEO Changpeng “CZ” Zhao says the company followed through with a $500 million commitment to back Elon Musk’s high-profile Twitter takeover. Musk reportedly sealed the […]
Traders see a slim, but growing, chance that the Federal Reserve will surprise markets by delivering a 50-basis-point rate hike next Wednesday. They put the likelihood around such a scenario occurring at 15.9%, up from 11.5% on Thursday, according to the CME FedWatch Tool. Meanwhile, the chance of a 75-basis-point move was seen at 84.1%, […]