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The Aussie Dollar advanced on Tuesday, gaining over 0.20% as the Greenback edged lower, amid minutes from the Reserve Bank of Australia (RBA)’s last meeting suggesting the board was close to raising rates. At the time of writing, the AUD/USD trades at 0.7163, after bouncing off daily lows of 0.7137.AUD/USD gains as RBA minutes lift hike bets before CPI, PCEOn Tuesday, US economic data was mixed, with Consumer Confidence, as reported by the Conference Board, declining to 89.4 in August, the lowest in seven months. The report showed that future expectations regarding business conditions, the jobs market and household income…

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Gold price (XAU/USD) rises to around 4,670, the highest since May 14, during the early Asian session on Wednesday. The precious metal extends the rally amid a weaker US Dollar (USD) and as the US Treasury’s bond buyback plans.US Treasury Secretary Scott Bessent said last week that the government could increase bond buybacks beyond $4 billion, a day after the department unveiled plans to double buybacks of longer-dated securities. This move has dragged long-term yields lower and triggered massive short-covering. A softer Greenback makes USD-denominated gold attractive to holders of foreign currencies, while lower Treasury yields reduce the opportunity cost of…

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Iranian Foreign Minister Abbas Araghchi and his Omani counterpart Badr Albusaidi discussed an “interim framework” aimed at resuming shipping through the Strait of Hormuz, Bloomberg reported on Tuesday.According to the statement, the initiative seeks to establish a “temporary joint maritime corridor” and project for mine clearance to restore safe navigation through the critical waterway.Iranian Deputy Foreign Minister Kazem Gharibabadi said that Iran and Oman will hold further talks to “negotiate a new permanent route within 30 to 60 days” for shipping through the vital waterway, without specifying when the next phase of discussions will begin.Market reactionAt the time of writing,…

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« L’union fait la force ». « Ou pas », rajoutent souvent les vieux routiers des fusions et acquisitions. Car encore faut-il bien calculer l’état et le devenir des forces en présence. L’ambition existe en tout cas aussi bien par beau temps, pour distancer les concurrents, que par gros temps, pour mieux résister aux vents contraires.Dick’s Sporting Goods rentrait dans la deuxième catégorie lors de l’annonce du rachat de Foot Locker. Le distributeur américain d’articles de sport voulait se renforcer à l’international, dans un contexte chamboulé par les droits de douane.

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CNBC’s Jim Cramer said Tuesday that Dick’s Sporting Goods’ historic 30% plunge may represent a buying opportunity for investors willing to wait out the retailer’s near-term challenges.”If you don’t own Dick’s, you dodged a bullet today, but based on the last time the stock fell apart, you might want to be a buyer over the next couple of months, because this company has a history of coming back from the dead” said the “Mad Money” host, referring to the company’s earnings report in August 2023, when Dick’s shares plunged 24% after the retailer missed expectations. The stock took another two…

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Having sufficient savings is an important step towards financial independence.To ensure your nest egg is working hard for you, it’s a good idea to understand tax-free allowances, how inflation affects your finances, and the rules around how different savings accounts operate.Can you get full marks in our savings quiz? Test yourself below. Try 6 free issues of MoneyWeek today Get unparalleled financial insight, analysis and expert opinion you can profit from. Start your trial Sign up to Money Morning Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter Don’t miss…

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Americans’ average FICO credit score is holding steady, but experts say this number masks some affordability pressures and reveals how rising costs are shaping their financial decisions. Today, the average U.S. FICO score sits at 714, down one point from a year ago but unchanged from October 2025, according to a new FICO® Score Credit Insights report. A FICO credit score is a three-digit number that reflects the information in your credit reports and considers your payment history, amounts owed, credit history length, new credit, and credit mix. This score is used by lenders to make decisions about whether you…

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If given the chance to gain thousands of admirers for your work, would you take it? The artists who my colleagues and I interviewed as part of our research on content creators did – and many went on to question whether it was worth it. Mark, an illustrator with millions of followers, revealed a deep sense of dread about what was once his dream: to make a living creating art and sharing it online. (We used pseudonyms to protect the privacy of the people we interviewed.) “The thing that I got right, that I loved for the longest time and…

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