Lows

Willow Springs International Raceway: Closure Rumors Debunked

1 month ago

According to recent news, the famous Willow Springs International Raceway located in California will not be closing, despite previously circulating rumors. Reports of a potential closure arose after some sources indicated that the owner was facing difficulties. However, representatives of the complex confirmed that they do not intend to shut their doors and continue taking bookings for events, including track rentals and race hosting.

Angola's Kwanza Hits 25-Year Low Against the Dollar

8 months ago

The Angolan kwanza has plummeted to an all-time low, reaching a level not seen in 25 years. As of September 11, 2024, the exchange rate stood at 1,250 kwanzas to one US dollar. This significant decline is a response from the government to ongoing economic difficulties in the country, including high levels of inflation and diminishing oil export revenues.

US Online Grocery Prices Plunge to Record Lows in August

8 months ago

In August 2024, prices for groceries purchased through online retailers in the United States experienced a significant drop, marking the largest decline ever recorded. This decrease is attributed to various factors, including heightened competition among retailers, market trends, and shifts in consumer preferences.

Traders Debate Rate Cut Size and Path Following Powell's Pivot

9 months ago

Recent comments by Federal Reserve Chairman Jerome Powell regarding potential changes in monetary policy have sparked active discussions among traders in financial markets. Powell stated his intention to remain flexible in response to economic indicators, prompting debates over when and how much the Fed might begin to lower interest rates.