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The U.S. Securities and Exchange Commission’s top lawyer, General Counsel Megan Barbero, will step away next week, joining the exodus of top agency officials who had been responsible for the SEC’s legal battles with the crypto industry in recent years. “Her measured advice and judgment have been critical…

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New Zealand manufacturing pmi from BusinessNZ. Comes in at 45.9 for December 2024 prior 45.2 in contraction for 22 consecutive months BusinessNZ says 2024 was the first time in the survey’s history that all 12 months were in contraction BNZ: “the PMI is yet another New Zealand economic…

A down day for the major US indices Biden Administration does not plan to take action on TikTok on Sunday Crude oil settled at $78.68 Fed’s Goolsbee: Has grown less concerned about labor market slowdown BOC Granvelle:A Trump tariff on exports would have big negative impact on economic…

Wells Fargo has adjusted its outlook for Federal Reserve policy, citing stronger-than-expected labor market data in recent months. Analysts at the bank now anticipate two 25-basis-point rate cuts from the Federal Open Market Committee (FOMC) in 2025 one in September and another in December down from its previous…

While a litecoin (LTC) exchange-traded fund is still only theoretical, investor demand for the product could soar as high as $580 million if Wall Street adopts it at the same rate it did LTC’s better-known cousin bitcoin. That calculation is based on the roughly 6% of bitcoin’s total…

Republican U.S. Senator Cynthia Lummis took aim at two federal agencies on behalf of the crypto industry this week, just days before the wide-reaching transition of the federal government when President-elect Donald Trump again takes office. Lummis warned the U.S. Marshals Office to slow down its crypto asset…

From China today are Q4 GDP and December 2024 economic indicators (retail sales, industrial production and fixed asset investment). In November 2024, China’s economic indicators presented a mixed picture: Retail Sales: Increased by 3% year-on-year, a slowdown from October’s 4.8% growth and below the anticipated 4.6%. This deceleration…

Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so: This article was written by Eamonn Sheridan at www.forexlive.com.

It is a down day for the major US indices. The declines were led by the NASDAQ index which felt -0.89%. The Russell 2000 was actually higher on the day. The snapshot of the major indices closing levels shows: Dow industrial average fell -68.42 points or -0.16% 43153.13…