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US Federal Reserve 'prepared to raise rates further' on too-high inflation: Jerome Powell at Jackson HoleGet the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

US Federal Reserve is prepared to raise interest rates higher — and hold them there — in order to bring down elevated inflation, chairman Jerome Powell said Friday. «We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective,» he told a central banking conference in Wyoming, according to prepared remarks. Further details awaited

National Banana Split Day is celebrated on August 25 in the US. National Banana Split Day commemorates the delightful frozen dessert featuring ice cream, a banana, whipped cream, and an array of toppings. This delectable treat is celebrated annually on August 25. The origin of the banana split's delectable reputation dates back to its introduction in American drug stores, soda fountains, and ice cream parlors.

Republican presidential candidate Nikki Haley backed an increase in the retirement age that would be tied to life expectancy as a way to counter rising U.S. government debt a day after her standout performance in the first GOP debate.

US stocks opened higher on Friday ahead of a keenly awaited speech by Federal Reserve Chair Jerome Powell at the Jackson Hole summit that could indicate the central bank's interest rate move at its next meeting in September. The Dow Jones Industrial Average rose 117.64 points, or 0.34%, at the open to 34,217.06. The S&P 500 opened higher by 13.07 points, or 0.30%, at 4,389.38, while the Nasdaq Composite gained 50.40 points, or 0.37%, to 13,514.37 at the opening bell.More to come....

Throughout the first half of the week, the US Dollar index maintained relative stability. However, as US economic data began to exhibit signs of decline, the greenback shifted lower.

(Reuters) -AstraZeneca said on Friday it has sued the U.S. government to block parts of a program that gives the Medicare health insurance plan the power to negotiate lower drug prices.

Bitcoin (BTC) is “much more likely” to stay rangebound until at least Q4, 2023, according to longtime market participant Filbfilb.

Reuters reported that the Russian investigators are yet to ‘confirm a genetic match’. An Embraer executive jet on which Prigozhin was listed as a passenger crashed in Tver region north of Moscow on Aug 23, according to Russia's Federal Air Transport Agency. Six other passengers were listed along with a crew of three, including pilot Alexei Levshin.

Fran Drescher says the strike she's leading as head of the actors union is a huge moment for both Hollywood and the world of work beyond it

Is gold going to stage a breakout post-Jackson Hole today?

DUBAI (Reuters) — Qatar is balancing its relationships with both the United States and China and one link does not damage the other, Prime Minister Sheikh Mohammed Bin Abdulrahman al-Thani said on Friday.

Toronto-Dominion Bank says it’s been receiving inquiries from regulators and law enforcement about its compliance with anti-money-laundering rules, including requests related to a United States Department of Justice investigation.

Aurobindo Pharma said on Friday, August 25 that its Committee of Independent Directors will pursue a comprehensive evaluation of all options regarding the restructuring of its wholly-owned subsidiary Eugia Pharma Specialities Limited. The pharma major clarified a news report which said the promoters of the firm have started the process of selling a majority stake in its injectables business Eugia Pharma.

Mastercard and Binance originally announced beta tests in Argentina just one year ago. The card allowed Binance users to convert cryptocurrencies into fiat currency in real-time at the point of purchase.

An abstract interest-rate metric is dominating discussions across trading desks ahead of the Jackson Hole symposium, with investors wondering if Federal Reserve Chair Jerome Powell will weigh in, and bracing for further declines in US Treasuries if he does.  

A Washington, D.C., federal court this week prevented Finra from expelling a brokerage it found to have harmed customers, but the regulator is confident it can defend its enforcement authority in that case and a separate one that was filed earlier this month.

Will Simone Biles create history in U.S. gymnastics by winning her eighth U.S. National all-around title and shatter the 90-year-old record set by Alfred Jochim in 1933?

Chandrayaan-3 mission has put India back on the map! India made history on August 23 when the spacecraft successfully landed on the South Pole of the moon's surface, making India the first country to have achieved this momentous achievement. The world hasn't stopped praising the efforts of the Indian Space Research Organisation (ISRO). Recently, Bridgewater Associates founder Ray Dalio — who is also the author of the No. 1 New York Times bestseller 'Principles,' shared his two cents on the highly aspirational lunar mission. Congratulating India, the owner of the asset management firm said that the successful lunar mission is just one of the many straws in the wind, «showing its ascendence.» He said that the country scores the highest on its projected growth rate of about 7 per cent over the next 10 years. Dalio, who is credited for building the world's largest hedge fund, that India has all the «right mix of ingredients» which will prove its mettle.

As XRP struggles to maintain upward momentum following Judge Torres' summary judgment in the US SEC v. Ripple Labs case that XRP isn't a security, investors appear to be selling off their holdings. Adding to this, a significant whale has moved 29 million XRP, valued at over $15 million, to a crypto exchange amid a price decline approaching the support level.

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