The Daily

US POLICYMAKERS, financial institutions and business owners have been flying blind for almost a month as a government shutdown has stopped the release of crucial federal economic data ranging from the size of the labour force to the country’s GDP.

The void is set to deepen by Thursday as Washington holds off publishing gross domestic product (GDP) numbers measuring the growth of the world’s biggest economy in the July to September period.

 » Read more about: US economy in the dark as government shutdown cuts off crucial data  »

By CORA LEWIS, Associated Press

NEW YORK (AP) — The Federal Reserve cut its benchmark interest rate by a quarter point Wednesday for the second time since September. Before that, it had gone nine months without a cut.

The federal funds rate is the rate at which banks borrow and lend to one another.

 » Read more about: What a Federal Reserve rate cut means for your finances  »

EGRAG’s chart identifies three main continuation structures: falling wedge, bullish rectangular, and bullish pennant. Among these, the bullish pennant stands out as a dominant structure, outlined in green. The pattern typically begins after a strong price surge, followed by a period of sideways consolidation before another rally resumes.

The flagpole represents its earlier 2017–2018 rally,

 » Read more about: XRP Targets $3 as Bullish Pennant Sparks Market Excitement  »

The crypto market is moving into an important phase where performance and visibility are paramount. Ethereum (ETH) has just seen a decline of 5% in its price, with long-position liquidations and increasing market uncertainty which adds to its struggles.

In the meantime, Chainlink (LINK) is displaying preliminary technical indications of possible gains,

 » Read more about: BlockDAG’s $433M+ Presale & Major Partnerships Put It Ahead of ETH & LINK as 2025’s Top Bullish Crypto  »

Hedera (HBAR) price extends its gains, trading above $0.20 at the time of writing on Thursday after rallying over 13% so far this week. The recent launch of HBAR’s spot Exchange Traded Fund (ETF) on the NYSE further supported the bullish outlook, attracting $8 million in first-day trading volume. Moreover, on-chain data and the technical outlook suggest further gains,

 » Read more about: Hedera Price Forecast: HBAR extends rally after ETF debut and bullish on-chain activity  »

 » Read more about: Dear Apple Stock Fans, Mark Your Calendars for October 30  »

When Tim Schmidt sees children walking to school, or particularly when he walks past his late son’s bedroom in the family home in Weston, powerful memories flood his mind.

Tim Schmidt Jr, a 19-year-old UCF student, was one of the two people killed last year in a mass shooting on the streets of downtown Orlando as thousands celebrated Halloween night.

 » Read more about: Families of 2024 Halloween shooting victims sue Orlando, Wall Street Plaza operator  »

Chinese leader Xi Jinping and US President Donald Trump have begun a landmark meeting in South Korea that could reset the volatile relationship between the world’s two largest economies and rival superpowers.

Both leaders offered warm remarks as their talks – the leaders’s first face-to-face in six years – got underway at an airbase in the coastal city of Busan,

 » Read more about: Trump and Xi meet for first time in six years as world watches where crippling trade war will go next  »

Today’s meeting between Xi and Trump is an “enormously helpful” step for China and the US to move on from rancour towards a more predictable relationship,

 » Read more about: Trump says US can sign trade deal with China 'pretty soon' after talks with Xi  »

When you think about the companies that have cracked the trillion-dollar market cap, your mind probably jumps straight to the Mag 7, including Microsoft, Nvidia, Apple, and Amazon. These firms dominate the digital infrastructure we all rely on.

But here’s something you won’t find on the list: a brick-and-mortar retailer. Not Walmart.

 » Read more about: Will Costco Join The Mag 7?  »