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Gold Prices Rise with Powell's Hint at Interest Rate Cut in September
SadaNews - Gold prices rose as the dollar weakened after Federal Reserve Chair Jerome Powell cautiously opened the door to a potential interest rate cut in September, indicating increasing risks facing the labor market despite ongoing inflation concerns.
In a speech delivered on Friday during the a...
Washington Post: Can the News Industry Stand Up to Artificial Intelligence?
SadaNews - Writer Adam Lashinsky, in an opinion piece published by the Washington Post, believes that the news industry faces an unprecedented challenge against generative artificial intelligence technologies, as new models appropriate intellectual property without permission, leading to a decline i...
US Federal Reserve Chairman Opens Door for Possible Rate Cut Without Clear Commitment
Sada News - Federal Reserve Chairman Jerome Powell opened the door on Friday for a possible interest rate cut during the bank's meeting in September; however, he did not make a clear commitment to that.
This statement was made in a speech at the bank's annual seminar in Jackson Hole, Wyoming, where...
75 Companies Applied for a License to Operate Commercial Drone Flights in Jordan
SadaNews Economy - Seventy-five companies have applied for a license to operate commercial drone flights in Jordan, according to Captain Haitham Mesto, the head of the Civil Aviation Regulatory Commission, who noted that the number is increasing.
Mesto delivered the first operating license for a co...
German Central Bank Warns: Potential Recession in the Third Quarter
SadaNews Economy - Estimates from the German central bank indicate that the German economy is unlikely to achieve significant leaps in this ongoing quarter, as mentioned in the bank's report for August, published in Frankfurt on Thursday.
The bank stated in its monthly report: "In the third quarter...
Gold prices stabilize as bets on rate cuts decline ahead of Powell's speech
SadaNews Economy - Gold prices stabilized today, as traders scaled back their bets on interest rate cuts ahead of the Federal Reserve symposium in Jackson Hole, following strong data from the U.S. manufacturing sector that heightened monetary policymakers' concerns about inflation.
The precious met...
Oil Prices Stabilize as India-Russia Relations Remain in Focus Ahead of Tariffs
SadaNews Economy - Oil prices stabilized as the market assesses expectations for Russian oil flow to India, after a Trump administration official intensified criticism of this trade ahead of an anticipated increase in tariffs.
The price of West Texas Intermediate crude approached $63 per barrel, re...
Chinese Electric Cars Confidently Launch into Global Markets
SadaNews Economy - A recent report published by Bloomberg stated that Chinese electric vehicle manufacturers have begun to move rapidly toward global investment, at a time when they face increasing constraints in the domestic market due to government policies aimed at curbing what Beijing calls "exc...
"Lagarde": Europe must strive to strengthen its trade relations with partners other than A...
SadaNews - The President of the European Central Bank, Christine Lagarde, emphasized the need for Europe to reconsider its trade partnership map.
Lagarde stated during a speech at a session at the World Economic Forum in Geneva yesterday, that the United States will remain an important trading part...
Trump: No New Permits for Solar and Wind Energy Projects
SadaNews - U.S. President Donald Trump announced on Wednesday that his administration will not approve solar or wind energy projects, even as demand for electricity surpasses supply in some parts of the United States.
Trump, who has previously complained that solar energy takes up vast amounts of l...
Gold Prices Maintain Gains Amid Concerns Over Federal Reserve Independence
SadaNews - Gold prices have maintained their gains after President Donald Trump’s call for the resignation of a Federal Reserve board member raised new concerns about the central bank's independence, boosting demand for safe havens.
The yellow metal was trading above $3,342 per ounce, after rising...
Gold Prices Decline Amid Anticipation of Federal Reserve's Stance
SadaNews - Gold prices recorded a slight decline ahead of an important speech by Federal Reserve Chairman Jerome Powell this week, which may provide new indicators about the central bank's monetary policy direction.
The precious metal was traded at around $3,315 per ounce in early Asian trading, ma...