Latest news with #Monda
Time of India
05-05-2025
- Business
- Time of India
Gold prices rise ahead of Fed decision: Is the rally a signal of inflation fears and global uncertainty? What's driving the rebound amid dollar weakness, and will it surpass $3,300 again this week?
Gold prices climbed on Monday after recording a weekly drop, with traders turning cautious ahead of the Federal Reserve's interest rate decision set for later this week. The story of gold's rebound reflects not just market shifts, but also how investors are responding to inflation concerns, global trade worries, and U.S. dollar movements — all while keeping their eyes on the Fed. #Pahalgam Terrorist Attack Pakistan's economy has much more to lose than India's due to the ongoing tensions, warns Moody's Ratings The day Pakistan got the power to poke India India demands ADB to stop funds to Pakistan as fallout of Pahalgam terror attack deepens Spot gold rose 0.6% to $3,259.29 per ounce on May 5, while U.S. gold futures also gained 0.8%, reaching $3,267.70, according to Bloomberg . This uptick comes after gold fell 2.4% last week, showing just how sensitive the metal is to policy signals and global uncertainty. Why are gold prices climbing after last week's dip? The key reason behind this rebound is a weakening U.S. dollar. As the dollar slipped 0.4% since its last close, gold — which is priced in dollars — became cheaper for buyers using other currencies. That gave it a boost. GIF89a����!�,D; 5 5 Next Stay Playback speed 1x Normal Back 0.25x 0.5x 1x Normal 1.5x 2x 5 5 / Skip Ads by by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo At the same time, investors are treading carefully as they wait for the Federal Reserve's decision on interest rates. The market largely expects the Fed to hold rates steady, but any surprise could cause sudden moves across assets — and gold is often one of the first to react. What role is the Federal Reserve playing in gold's movement? Right now, the Fed is in the spotlight. It's expected to leave interest rates unchanged during its meeting this week. Deutsche Bank predicts no rate cuts until December, while Goldman Sachs says the central bank needs more signs of cooling inflation before it acts. Live Events Traders are pricing in about 80 basis points of rate cuts beginning in July. Until then, gold could stay within a narrow range — likely between $3,200 and $3,350, according to market analysts cited by Reuters . Is global economic uncertainty helping gold stay strong? Yes, and it's playing a bigger role than many expected. There's growing concern over a possible economic slowdown and the ripple effects of new trade policies. For example, President Donald Trump just announced a 100% tariff on foreign-made movies, a move that has reignited global trade tensions . With that kind of uncertainty in the air, many investors are moving toward gold as a safe-haven asset. That's a common pattern during times of geopolitical or economic stress — gold tends to hold its value even when other assets falter. How are other metals performing alongside gold? It's not just gold making gains. Other precious metals also inched up on Monday. Silver went up 1.1% to $32.33 an ounce. Platinum edged slightly higher to $961.20, and palladium rose 0.5% to reach $958.38. These moves suggest a broader interest in commodities as protection against inflation and currency risks, especially when equity markets are jittery. What can traders expect next for gold prices? As the Fed prepares to release its rate decision, most analysts believe gold will remain in a tight trading zone. If the Fed signals that cuts are coming later this year, we might see gold edge higher again. For now, traders are watching every word from the Fed for clues. With inflation still high and mixed economic signals, gold remains a key asset for investors trying to hedge against uncertainty. FAQs: Q1. Why are gold prices rising ahead of the Fed decision? Gold prices are climbing due to a weaker dollar and inflation concerns before the Fed's rate update. Q2. Will gold prices go above $3,300 again this week? Analysts say gold could cross $3,300 if the Fed hints at future rate cuts.
The Hill
30-04-2025
- Politics
- The Hill
Postal Service joins Trump administration immigration enforcement effort
The U.S. Postal Service (USPS) has reportedly joined efforts to stop illegal immigration, following a January directive from President Trump to use all federal law enforcement resources to crack down on undocumented immigrants. The Washington Post reported Wednesday that USPS's Postal Inspection Service had 'quietly begun cooperating with federal immigration officials to locate people suspected of being in the country illegally.' The article cited documents and anonymous sources and pointed to a video the Drug Enforcement Administration (DEA) posted online that showed at least one officer clad in a 'U.S. Postal Inspector Police' jacket at a recent immigration raid of a Colorado nightclub where more than 100 undocumented migrants were detained. Trump signed a flurry of executive orders on Jan. 20 shortly after he was sworn back into office, including one that created a system of task forces under the Department of Homeland Security (DHS) and the Attorney General with 'representation from any other Federal agencies with law enforcement officers.' The Postal Inspection Service, which is one of the country's oldest law enforcement agencies, has nearly 1,300 Postal Inspectors and 500 uniformed Postal Police Officers, according to the latest USPS figures. The Washington Post reported that the Trump administration will use the Postal Service's law enforcement arm to obtain photographs of envelopes and packages through its long-existing mail surveillance program, as well as 'package- and mail-tracking information, credit card data and financial material and IP addresses' to track down people who are in the country illegally. U.S. postal inspectors have similarly collaborated with law enforcement agencies in the past to locate fugitives, drug traffickers and other alleged criminals. DHS didn't deny the report of its partnership with USPS in response to a query from The Hill. 'Under President Trump, the Department of Homeland Security will use every tool and resource available to secure our border and get criminal illegal aliens out of our country. The safety of American citizens comes first,' a DHS senior official said in a statement to The Hill. 'These actions are a key part of ensuring law enforcement has the resources they need to fulfill President Trump's promise to the American people to remove violent criminals from our streets, dismantle drug and human trafficking operations, and make America safe again.' USPS didn't immediately respond to The Hill's request for comment. According to the Washington Post report, USPS officials agreed to aid the federal immigration enforcement efforts because leaders fear a larger threat to the postal service from Trump, but one source told the outlet that 'Inspection Service is very, very nervous about this.' Cracking down on illegal immigration has been a touchstone of Trump's second term, after he focused heavily on the issue during the 2024 presidential campaign. He signed two additional executive orders on Monday, including one targeting cities that flout federal immigration laws. 'I'm doing what I was elected to do, remove criminals from our Country,' he wrote in a post last week on Truth Social. 'If we don't get these criminals out of our Country, we are not going to have a Country any longer.'
Los Angeles Times
01-04-2025
- Politics
- Los Angeles Times
Amber Ruffin explains the lesson she learned when she was disinvited from WHCA dinner
Amber Ruffin isn't going to perform for the White House Correspondents' Assn.'s dinner later this month after the group's board decided unanimously to un-invite her as its featured entertainer. WHCA President Eugene Daniels — who recently joined MSNBC as a weekend host — said in a Saturday email to members that the organization's board had unanimously decided to lose the comedian and refocus the event on journalistic excellence rather than 'the politics of division,' Politico reported. He didn't mention that Ruffin said on a podcast last week that the Trump administration was 'kind of a bunch of murderers' who wanted the 'false equivalency that the media does' because it 'makes them feel like human beings, but they shouldn't get to feel that way, because they're not' — and that there was 'no way' she was going to mock both parties at the dinner. Or that Trump's deputy chief of staff had called out the organization Friday for featuring a '2nd rate comedian' at the dinner and the next day referred to Ruffin as a 'garbage, hate-filled comedian.' To comment on events — sort of — Ruffin popped up Monday on 'Late Night With Seth Meyers,' the show where she's worked as a writer and performer since 2014. Meyers was talking about a supposed robbery at a bodega when the comedian materialized on set, saying, 'Honestly, I'm concerned with how you're going to end that joke.' 'Obviously, I'm going to make a punchline to make fun of the guy who robbed the bodega,' the host replied. 'See, Seth, the problem is, that's divisive,' Ruffin said with sarcasm. 'Take it from me. If there's one thing I learned from this weekend, it's you have to be fair to both sides.' 'Yeah, but that doesn't make sense in this case,' Meyers said, playing the straight man. 'There's an innocent bodega owner. There's a burglar.' 'Or — hear me out — there are very fine people on both sides,' she said. The audience laughed as she invoked comments made by President Trump when he was asked in 2017 about violence around the tearing down of a Confederate statue in Charlottesville, N.C. Demonstrations for and against the removal of the statue had happened amid a far-right rally organized by white nationalists. Not mentioned, perhaps because Ruffin is in the business of jokes, was the part where Trump also said, 'I'm not talking about the neo-Nazis and the white nationalists because they should be condemned totally. But you had many people in that group other than neo-Nazis and white nationalists, OK?' Back on the late-night show, Meyers and Ruffin went back and forth. 'Yeah, but he shattered the front door of a bodega,' Meyers said. 'Did he?' Ruffin replied. 'Or did he provide an innovative ventilation system?' Stealing from the till? 'He received a micro-loan.' Setting fire to the ATM? 'He bravely fought inflation.' Finally, Meyers said, 'Amber, when people are objectively terrible, we should be able to point that out on television.' 'I thought that too,' she said. 'On Friday. But today is Monday. And Monday's Amber Ruffin knows that when bad people do bad things, you have to treat them fairly and respectfully. When you're watching 'The Sound of Music,' you have to root for the singing children and the other people.' 'You mean the Nazis?' Meyers asked. 'Calling them that is so one-sided!' she answered. The exchange continued apace with Ruffin ultimately saying that she was glad she had been stopped from making her speech at the dinner, because 'Ooh baby, I would have been so terrifically mean.' Then Ruffin said she had to run because she had to return the dress she planned to wear to the correspondents dinner. 'I already took the tags off,' she said, 'but I'm gonna just say they blew off in the wind.'
Yahoo
05-02-2025
- Health
- Yahoo
Bill seeks $55 million for shared health education space at UND
Feb. 5—GRAND FORKS — Physicians and University of North Dakota administrators testified Monda in support of a bill allocating $55 million to build out the university's medical school facilities. SB 2286 , introduced Jan. 20, would cover more than half of the cost of the three-story, 95,000-square-foot addition to the School of Medicine and Health Sciences, Dean Marjorie Jenkins told Senate lawmakers at an education committee meeting. The bill's four sponsors — Reps. Gretchen Dobervich and Jon Nelson and Sens. Tim Mathern and Robert Erbele — all serve on the medical school's advisory council. If the funding is approved, the university would look to consolidate several programs, including the entire College of Nursing and Professional Disciplines, under one roof in the new Health Professions Collaborative Facility. "We're bringing the nurses, the doctors, the (physical therapy) people — the whole gamut — together," Mathern, D-Fargo, told lawmakers. He was one of several proponents who said the shared space would create new opportunities for collaboration and interdisciplinary training between students in health care disciplines. Administrators in particular emphasized a planned expansion of the university's simulation education center, which allows students studying medicine and related fields to practice real-world medical scenarios. "The limit of what we have now is we don't have the capacity to do immersive, in-patient scenarios, like emergency rooms," Jenkins told the Herald. "That's where many of our students, especially those in rural areas, will be working." Nursing Dean Maridee Shogren said new simulation facilities would allow for more shared research between health care disciplines, particularly simulation research. Right now, she said, most simulation research is narrowly focused. "We can be among the first institutions in the nation to look at simulation research across multiple disciplines," Shogren said. The addition would replace space at the aging Columbia Hall and Nursing Buildings, both of which are in critically poor condition, according to a regular Facility Condition Assessment commissioned by the university. The Nursing Building, built in 1976, needs $12.7 million in deferred maintenance, per the latest estimates from university facilities; Columbia Hall, on the other hand, is set to be torn down after the city fire marshals told the university it needed to either demolish the building or overhaul it to the tune of more than $48 million. Jenkins said the addition would cost around $95 million, $40 million of which would be covered by donor contributions. Finance and Operations Vice President Karla Mongeon-Stewart confirmed that figure to the Herald on Thursday; previous versions of the project, including for a separate facility, were previously pegged between $80 to $119 million. SB 2286 also orders legislative management to examine "the funding necessary to provide education and internships statewide for all programs" in the Health Professions addition. Jenkins said the study was meant to "optimize" the new space and show legislators it served the whole state's health care needs, particularly rural areas. She told the Herald it was a way to show the Legislature its "return on investment," citing recent efforts to defund the medical school including a resolution introduced last week that would eliminate the constitutional statewide property tax levy of one mil received by the med school. Several practicing physicians and representatives from the North Dakota Hospital Association and Altru Health System also spoke in favor or provided written testimony supporting the bill. Funding for the addition was one of two large capital projects for which UND is seeking funding this legislative session. The State Board of Higher Education included the university's other request, some $56 million for the second phase of a planned STEM complex, in the higher ed system's budget proposal, but not the Health Professions addition.
