About: lishitong
Recent Posts by lishitong
Biden Confident On Debt Ceiling Bill
President Biden is confident in reaching a bipartisan agreement with congressional leaders to elevate the debt ceiling, effectively averting an unprecedented default situation for the United States. This development has sparked a wave of optimism, prompting the dollar to trade higher, while the safe haven commodity gold languishes amid the surge in risk-on sentiment. Meanwhile,Continue Reading
Positive Progress On U.S. Debt Ceiling Bill
Investors are rotating out of gold en masse on optimism surrounding the U.S. avoiding a default Both President Biden and House Speaker Kevin McCarthy struck an optimistic tone regarding the prospects of reaching a consensus to raise the national debt ceiling and avert a potentially catastrophic default on the debt. As a result, gold pricesContinue Reading
All Eyes On Biden Meeting Outcome
US Treasury Secretary Janet Yellen has once again emphasised the need to pass the debt ceiling bill before June 1, warning that failure to do so could result in the federal government running out of cash to meet its obligations. President Biden is set to hold a meeting with congressional leaders today to reach aContinue Reading
Dollar Boosted By Fed’s Hawkish Comments
A bounce in the U.S. dollar has put downward pressure on oil and gold prices Equity markets were stagnant while the dollar has strengthened, driven by hawkish comments from various Fed officials stressing high inflation in the U.S. On the other hand, President Joe Biden and the country’s congressional leaders are going to meet onContinue Reading
Disney Shares Fall On Losing Of 4M Streaming Subscribers
Elon Musk announced on Thursday that he was stepping down as CEO of Twitter and moving to a product and technical role. Shares of Walt Disney Co fell over 8% after it reported a surprising drop in streaming subscribers, resulting in worries that the company may have sacrificed growth to stem losses. The decline erasedContinue Reading
