Record-Breaking Gold Prices as Dow Soars; EUR/USD and USD/JPY Focus on NFP

Most Read: US Dollar’s Path Linked to US Jobs Report, Setups on EUR/USD, USD/JPY, GBP/USD Volatility spiked across many assets last week, producing notable breakouts and breakdowns in the process. Firstly, U.S. Treasury yields plummeted across the board, with the 2-year yield sinking below its 200-day simple moving average and reaching its lowest level since …

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7 Must-Know Headlines for This Week: Stay Informed

Stocks saw significant gains in their best month of the year, but there’s a possibility that the rally could slow down due to a crucial labor market report set to be released on Friday. The anticipated November jobs report will be the spotlight of a week filled with key economic data. The Federal Reserve is …

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Meta AI Chief Yann LeCun Expresses Doubt About AGI and Quantum Computing

“Facebook’s parent company, Meta, held an event in San Francisco this week celebrating the 10-year anniversary of its Fundamental AI Research team. Meta’s chief scientist, Yann LeCun, revealed that society is more likely to witness “cat-level” or “dog-level” AI in the coming years than human-level AI. Unlike tech giants such as Google and Microsoft, Meta …

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How to Preserve $750K in a 401(k) for Retirement at Age 67

Preserve $750k in 401(k) at 67: retirement plan advice As a 67-year-old retiree, you are facing the daunting task of deciding how to invest the $750,000 in your 401(k) while being conscious of fees. It is essential to preserve this money for the rest of your life without sacrificing financial security and potential growth opportunities. …

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Expert predicts bidding wars will follow decrease in mortgage rates

The recent pullback in mortgage rates from 8% is a promising development for potential homebuyers who have been sitting on the sidelines. However, further declines could lead to an unleashing of pent-up demand. “If rates drop below 7%, I believe we will experience a surprisingly robust year,” stated Daryl Fairweather, chief economist at Redfin, in …

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How a Cleveland man is managing his truck payments during a divorce, facing potential additional debt of $15K. Hear Dave Ramsey’s advice.

‘This has gotta stop’: This Cleveland man going through a divorce is spending $970/month to pay off his truck — and now his ex wants him to eat $15K more of debt. Dave Ramsey responds Divorce can be financially devastating — as one Cleveland man recently found out. Corey called into The Ramsey Show recently …

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China Introduces ‘One Province, One Policy’ Plan to Address Financial Risk

(Bloomberg) — China’s finance regulator is calling for provinces to develop their own strategies for managing financial risks, as reported about a month after officials committed to establishing a system to address local debt issues. According to the Xinhua News Agency, Li Yunze, head of the National Financial Regulatory Administration, emphasized the need for a …

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Former Official: China Has Room to Cut Reserve Ratio Instead of Interest Rates

According to state-owned media, a former central banker predicts that China will likely implement a proactive fiscal policy next year to maintain stable economic growth for the world’s second-biggest economy. The economy has been struggling to regain momentum after prolonged pandemic-related restrictions, and concerns have arisen about potential debt issues among major property developers affecting …

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