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Texas AG Ken Paxton Wants Beto O’Rourke Held In Contempt For Texas Democrats Donations

Topline Texas Attorney General Ken Paxton asked a state court Tuesday to hold former Rep. Beto O’Rourke in criminal contempt for raising money for Democratic lawmakers who are staying out of state, alleging O’Rourke violated a court order restricting his fundraising efforts—and making claims that O’Rourke’s lawyer has slammed as an “outright lie.” Beto O’Rourke speaks during a rally at the Texas Capitol on July 24 in Austin, Texas. Copyright 2025 The Associated Press. All rights reserved Key Facts Paxton asked the court to hold O’Rourke in contempt — and potentially imprison him — for violating a previous order the court issued on August 8, which blocked O’Rourke and his group Powered By People from using funds for “non-political purposes” while the case moves forward. Paxton sued O’Rourke after his group fundraised to help the state’s Democrats, who have left Texas in order to deny the Texas House the quorum it needs to vote on new congressional maps. The attorney general argued Tuesday that O’Rourke should be held in contempt because he’s continued to fundraise after the court issued its ruling, pointing to comments the Democrat has made urging supporters to donate to Powered by People and O’Rourke saying at a recent rally, “There are no refs in this game, f–k the rules.” Paxton asked the court to fine O’Rourke and Powered by People $500 per act that violated the court’s ruling, which is the maximum allowed under state law, and for the court to imprison O’Rourke “unless and until he demonstrates a willingness to abide by the Court’s orders pending the outcome of this lawsuit.” A representative for O’Rourke has not yet responded to a request for comment, but O’Rourke’s attorney Mimi Marziani has denied Paxton’s allegations, telling Politico the attorney general’s characterization of O’Rourke’s rally comments is an “outright lie” and she intends to ask the court to sanction Paxton in response. Chief Critic Marziani told Politico that Paxton’s filing mischaracterizes O’Rourke’s comments to “f–ck the rules,” saying the Democrat was referring more generally to Republicans’ national push for redistricting and not the court’s ruling on his fundraising. “In their zeal I guess to intimidate a political rival, they are actually lying to the court,” Marziani said. The lawyer described Paxton’s suit against O’Rourke as being “frivolous” and denied that O’Rourke violated the court’s ruling, arguing the order only bars raising money that directly bankrolls the Texas Democrats and not general fundraising. What To Watch For It’s unclear how or when the court will rule on the issue of O’Rourke being held in contempt. Fahey has shown she’s sympathetic to some of Paxton’s arguments against O’Rourke’s fundraising, saying in her order Friday she believes it’s likely Powered by People violated laws on deceptive trade practices by raising political donations to fund lawmakers’ personal expenses. Still, it remains to be seen if she would go as far as holding the Democrat in contempt. What We Don’t Know Powered by People has not released numbers yet regarding how much it’s raised or spent in connection with the Texas Democrats’ stays out of state, whether before or after Fahey’s ruling restricting the group’s fundraising. ABC News previously reported Powered by People is donating to the Texas House Democratic Caucus, rather than to lawmakers directly or to cover any specific expenses. Republicans Claim Texas Democrats And O’rourke Are Committing Bribery In addition to O’Rourke and Powered by People, Republican officials have also sought to punish the Democratic lawmakers on the basis of the donations they’re getting to leave and stay out of state, suggesting the legislators may face bribery charges. Under Texas’ bribery law, an official can be prosecuted for bribery if they accepted a benefit “pursuant to an express agreement to take or withhold a specific exercise” of their office, but there has to be “direct evidence” of the bribery agreement, and it has to be clear that the official’s action would not have been taken if they didn’t get the benefit from it. While the full scope of Powered by People and other donors’ work with the Texas Democrats is still unclear, legal experts have so far been skeptical that the fundraising runs afoul of the law. “The overall idea of a group supporting the Texas Democrats as a whole or individually, just supporting them with funds, is inherently not illegal,” Texas-based political attorney Andrew Cates told Forbes last week, prior to Fahey’s ruling in the case against O’Rourke. Key Background More than 50 Democratic state lawmakers left Texas last week in order to deny the Texas House the quorum it needs to vote on new congressional maps, which would create at least five additional Republican-leaning seats. The legislators have taken up shelter in Democratic-led states like Illinois, prompting Republicans to start using a number of legal tactics to try and force the legislators’ return, including issuing arrest warrants against the lawmakers and filing lawsuits seeking to expel them on the basis of them reneging on their duties. Powered by People has emerged as one of the major groups funding the Democrats’ travel and stays out of state, with O’Rourke repeatedly soliciting donations to his group in order to support the quorum break. Texas is the first in a potential string of states that could pursue redistricting ahead of the 2026 midterms, in light of historic trends suggesting Democrats are likely to pick up seats as the minority party. GOP-led states including Florida, Indiana and Missouri have floated creating new maps in order to give the party a boost in the midterms, which has also led some Democratic-led states like California to consider their own redistricting in response. Further Reading ForbesTexas Democrats Face Fines, Bribery Charges For Leaving State—Why Legal Experts Are Skeptical They’ll Be PunishedBy Alison Durkee ForbesTexas Gov. Wants Democrats Who Left State Kicked Out Of Office. Can He Legally Do It?By Alison Durkee Read More

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The Perseid Meteor Shower Peaks Tonight

Topline The annual Perseid meteor shower will peak overnight on Tuesday, Aug. 12, through Wednesday, Aug. 13, with an uptick in “shooting stars” expected despite the presence of a waning full moon. The result of a comet twice the size of the object thought to have killed the dinosaurs and one of the annual highlights of the stargazing calendar, it usually produces up to 75 “shooting stars” per hour, but rates will be down this year. A view of the 2023 Perseid meteor shower from the southernmost part of Sequoia National Forest, near Piute Peak. Debris from comet Swift-Tuttle creates the Perseids. NASA/Preston Dyches Key Facts The annual Perseid meteor shower peaks on Tuesday, Aug. 12, through Wednesday, Aug. 13, but is unlikely to deliver the 75 ‘shooting stars’ per hour that would normally be visible because of an 84%-lit waning gibbous moon. According to EarthSky, the peak of the Perseids is predicted for 20:00 UTC (4:00 p.m. EDT) on Aug. 12, which makes the very early mornings of Aug. 11, 12 and 13 likely to be when there are the most meteors. With bright moonlight all night on those dates, it’s also worth looking after these dates, particularly on Aug. 15, when the moon will have decreased in brightness and will rise around midnight. Although “shooting stars” can be seen anywhere in the night sky, the radiant point of Perseids is the constellation Perseus, which rises in the northeast as it gets dark during August in the Northern Hemisphere. What’s The Best Time To View The Perseids On The Peak Night? The best chance may be just after sunset and before moonrise, when the sky is still dark, on Aug. 12. It’s a narrow window. “Some Perseids will be visible shortly before/during moonrise on the evening of Aug. 12, when the sky should still be dark,” said Dr. Qicheng Zhang, astronomer at Lowell Observatory in Flagstaff, Arizona, in an email. “The overall rate of meteors will be lower at this time than in the early morning hours, but the rate of visible meteors might be comparable or even a bit higher than due to much fainter meteors being visible without the moon.” How To Watch A Meteor Shower In Strong Moonlight The strong moonlight will make the Perseids less impressive this year, but there are ways to maximize your chances. “Watching from the shadow of, say, a house, tree, or mountain could be done to block direct moonlight when the moon is up and make viewing a bit more pleasant,” said Zhang. What Causes The Perseid Meteor Shower It’s all because of 109P/Swift-Tuttle, a huge comet that takes 133 years to orbit the sun. Last in the solar system in 1992, its nucleus is 16 miles (26 kilometers) across, which is over twice the size of the comet or asteroid that is thought to have killed the dinosaurs, according to NASA. Further Reading ForbesMeet ‘Ammonite’ — A New World Just Found In The Solar SystemBy Jamie CarterForbes20 Best Dark Sky Campsites In The U.S. For Stargazing, From HipcampBy Jamie CarterForbesSee The Perseid Meteor Shower Now Before It Peaks, Experts SayBy Jamie Carter Read More

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Trump Threatens Fed’s Powell With ‘Major Lawsuit’ Over HQ Remodel

Topline President Donald Trump said he’s looking at a “major lawsuit” against Federal Reserve Chair Jerome Powell over the agency’s over-budget remodel of its Washington headquarters, which has become a prominent attack line for Trump and his allies against Powell. Federal Reserve Chairman Jerome Powell conducts a news conference after a meeting of the Federal Open Market Committee on Wednesday, July 30, 2025. (Tom Williams/CQ-Roll Call, Inc via Getty Images) CQ-Roll Call, Inc via Getty Images Key Facts Trump said he is “considering allowing a major lawsuit against Powell to proceed” over what he called “the horrible, and grossly incompetent, [sic] job he has done managing the construction of the Fed Buildings,” he wrote Tuesday on Truth Social. Trump repeated his preferred attack lines against Powell, referring to him as “too late” while pressuring him to lower the interest rate. The Federal Reserve renovations have become the latest target for Trump and his allies amid Trump’s ongoing feud with Powell, who he has repeatedly urged to resign and threatened to terminate, though it’s unclear if he has the legal authority to do so. Trump in July called for a probe into the renovations at the Federal Reserve, a project that has run about $600 million higher than its initial estimate, according to the Fed. Trump and Powell openly bickered about the renovations when Trump visited the construction site for a tour led by Powell last month, with Trump claiming the project was estimated to cost $3.1 billion, and Powell quickly correcting him, telling the president his figure also included the cost of renovations to another Fed building. Trump alleged in his Truth Social post on Tuesday the renovations will cost $3 billion “for a job that should have been a $50 Million Dollar fix up.” Tangent Trump blamed his former treasury secretary from his first term, Steven Mnuchin, for having “pushed this loser,” referring to Powell, who he accused of causing “incalculable” damage. While Trump has suggested he might try to fire Powell and has even reportedly showed some Republican lawmakers a draft termination letter, he’s also said publicly it’s unlikely he would go through with ousting him before his term expires next year. Removing Powell could be a tricky legal maneuver as the Federal Reserve Act of 1913 only allows the chair to be ousted for “cause.” What To Watch For A search for Powell’s replacement is underway, Treasury Secretary Scott Bessent told Bloomberg in an interview last month, suggesting Powell could step down from the board when his term as chair ends next year. His term as a Fed governor expires in January 2028. Bessent said the Trump administration has already started a “formal process” to find the next Fed chair. Key Background It’s unclear what potential lawsuit Trump might be referring to. The federal reserve has provided various reasons for the increase in cost of renovations to the central bank, including changes to the original building design and differences in estimates and actual costs of materials, equipment and labor. The project, originally approved by the Federal Reserve Board in 2017 and started in 2021, includes renovations to two Fed buildings: the Mariner S. Eccles Building and 1951 Constitution Avenue, which the Fed says have not been renovated since the 1930s, according to a fact sheet on the Federal Reserve website. The Fed has also rejected claims from some Republicans that the renovations include luxury amenities, such as a new VIP dinging room, VIP elevator or new water features. Further Reading White House Latest Attack On Jerome Powell: Claims Federal Reserve Renovations Are ‘Ostentatious’ (Forbes) Trump Denies He Has Plans To Fire Powell—Blames Biden For Giving Fed Chair Second Term (Forbes) Who Will Be Trump’s New Fed Chair? Search Has Reportedly Begun—Here Are The Likely Candidates (Forbes) Read More

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Forbes Next Billion-Dollar Startups 2025

Artificial intelligence dominates this year’s list of 25 venture-backed startups we think most likely to reach a $1 billion valuation. Edited by Amy Feldman, Forbes Staff Editorial Operations: Elisabeth Brier Reporters: Emily Baker-White, Jeremy Bogaisky, Moya Johnson, Richard Nieva and Rashi Shrivastava This is the 11th year we have partnered with TrueBridge Capital Partners to scour the land for budding unicorns. To qualify, startups must be venture-backed, based in the U.S. and (currently) worth less than $1 billion. Unsurprisingly, artificial intelligence dominates this year—20 of the 25 companies are AI-focused, with applications in military, accounting and health tech. Pay attention to this list: Our track record is superb. Of the 250 alumni, 140, or 56%, became unicorns, including DoorDash, Figma and Anduril. Forty-two were acquired; only two went public for less than $1 billion. Just five—2% of our selections—have imploded or shut down. Mike Monovoukas AcuityMD AcuityMD Founders: Robert Coe, Mike Monovoukas (CEO), Lee Smith Equity raised: $83 million Estimated 2024 revenue: $18 million Lead investors: Benchmark, Iconiq, Redpoint If you want to build medical devices, you need patients. Boston-based AcuityMD helps manufacturers find the right physicians based on the patients they treat by using de-identified data (think surgical histories, medical referrals) for 325 million people to craft marketing plans. Customers include Synchron, which used it to find patients for a brain-computer interface preclinical trial, and Intellijoint, which did so to market a new surgical tool for hip and knee replacements. Arthur Leopold Agentio Agentio Founders: Arthur Leopold (CEO), Jonathan Meyers Equity raised: $16 million Estimated 2024 revenue: $2 million Lead investors: AlleyCorp, Benchmark, Craft There are lots of influencers on the internet, and finding the right one for an ad campaign can be frustrating and time-consuming. Enter New York City–based Agentio, which offers a marketplace of creators so brands can easily find which influencers will work best for them. It’s great for the creators too: They simply upload details about their upcoming YouTube videos to Agentio to sell ad spots to businesses such as Away, DoorDash, Mint Mobile and Uber. Ian Cinnamon Apex Apex Founders: Max Benassi, Ian Cinnamon (CEO) Equity raised: $290 million Estimated 2024 revenue: $60 million Lead investors: 8VC, Andreessen Horowitz, Point72 Ventures The U.S. military and companies like Amazon and SpaceX are racing to launch thousands of small satellites into low-Earth orbit. Los Angeles–based Apex wants to speed up the process—and cut costs—by offering a standardized satellite that buyers can trick out with their own sensors and instruments. It’s had early success with the Pentagon, winning a $46 million Space Force contract in February. (For more, see “Apex Wants To Bring Henry Ford-Style Mass Production To Satellites.”) Jeffery Liu (left) and Jon Wang Assort Health Assort Health Founders: Jeffery Liu (co-CEO), Jon Wang (co-CEO) Equity raised: $26 million Estimated 2024 revenue: $200,000 Lead investors: Chemistry, First Round, Quiet Capital Hospitals and doctors’ offices are con­tinuously overwhelmed by phone calls, leading to annoyingly long hold times for patients. Assort Health, headquartered in San Francisco, sells a text-to-voice artificial intelligence chatbot to search physicians’ calendars to match their openings with the type of appointment required. The software has cut wait times for millions of inbound calls to medical groups inclu­ding, among others, Chesapeake Healthcare and Peninsula Orthopaedic Associates. Matthew Harp Basis Basis Founders: Matthew Harp (CEO), Mitchell Troyanovsky Equity raised: $37 million Estimated 2024 revenue: $350,000 Lead investors: BTV, Khosla Ventures This NYC tech outfit makes AI accounting software that can do clerical work in minutes, streamlining data entry tasks like transferring information from receipts. After adopting Basis’ software in 2024, accounting firm Wiss claimed a nearly 30% reduction in time spent on such jobs. Another big draw is the technology’s security features, which don’t store sensitive login details. Ankur Goyal Braintrust Braintrust Founder: Ankur Goyal (CEO) Equity raised: $45 million Estimated 2024 revenue: $2 million Lead investors: Andreessen Horowitz, Basecase, Gil Capital, Greylock AI promises business efficiencies, but how do you measure them? San Francisco–based Braintrust offers an all-in-one command center for testing and monitoring AI-powered apps, like keeping an eye on how frequently a chatbot gives incorrect answers. Customers such as Airtable, Instacart, Notion and Stripe use it to assess accuracy and figure out what went wrong when something breaks. CEO and founder Ankur Goyal, 35, previously founded AI search engine Impira, which Figma acquired in 2023. Paul Klein IV Browserbase Browserbase Founder: Paul Klein IV (CEO) Equity raised: $68 million Estimated 2024 revenue: $1 million Lead investors: Basecase, CRV, Kleiner Perkins, Notable Capital Goodbye, browsers: Browserbase wants to change how we interact with the internet entirely. Instead of clicking, typing and scanning information from websites, AI can do it for you, a concept known as a “headless browser.” Want to book a flight from Seattle to JFK? Instead of searching yourself, type a simple request into Browser­base and its AI will come back with the best options. Surbhi Sarna Cody Pickens for Forbes Collate Founders: Jigish Patel, Surbhi Sarna (CEO), Nate Smith Equity raised: $30 million Estimated 2024 revenue: $0 Lead investors: Redpoint When Surbhi Sarna tried to raise funds for her ovarian cancer startup nVision Medical in 2012, she struggled to scrape together $500,000. After selling it for $275 million in 2018 and spending the next five years as a partner at accelerator Y Combinator, Sarna had no problem raising $30 million in seed funding for San Francisco–based Collate. It aims to use AI to automate the paperwork required for life sciences companies, such as that for clinical trials and FDA approval. “This stuff they would have spent months doing we can do over the course of days,” says Sarna, 39. Collate’s revenue is expected to reach $1 million this year. Tomer Cohen David AI David AI Founders: Tomer Cohen (CEO), Ben Wiley Equity raised: $30 million Estimated 2024 revenue: $1 million Lead investors: Alt Capital, Amplify Partners, First Round Capital Tomer Cohen, 27, and Ben Wiley, 26, believe that normal speech will be the main way we interact with artificial intelligence

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How Middle-Market Companies Can Find the Best Leadership Talent

Harvard Business Review Logo Martin Barraud/Getty Images The stakes in C-suite hiring are existential. After all, talent risk is value-creation risk. Nowhere is this truer than in the middle market, where leadership’s impact is most directly felt and executives are unlikely to be supported by layers of management and squads of subject-matter experts. But when leadership changes are necessary—because of retirement, change of control, or performance issues—middle-market companies and investors find themselves at a serious disadvantage. They often lack the internal capabilities and outside support that will help them find and assess the best candidates. Read More

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4 Research-Backed Ways to Strengthen Your Pitch and Get Funding

Harvard Business Review Logo Deagreez/Getty Images Every week, venture investors see hundreds of beautifully designed slide decks that promise to change the world. Yet fewer than 3% of those pitches receive funding—a hit rate lower than getting into Harvard University. Part of this low success rate is by design—venture investors are inherently picky, by and large looking only for “home runs” that promise extremely lavish returns. But it’s also true that founders don’t have a rigorous approach to pitching—relying instead on anecdotal lessons of previously successful pitches, advice from mentors, and other unscientific sources of advice. Read More

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HBR’s Most-Read Gen AI Articles of 2025 So Far

AI and machine learning by HBR Editors August 13, 2025 Illustration by Virginia Gabriell Post Summary.    Leer en españolLer em português Post The questions senior leaders are asking about gen AI have evolved since LLMs first entered the mainstream: It’s less about if they should experiment with gen AI, and more about how to do so effectively, ethically, and for maximum business value. Post Read more on AI and machine learning or related topics Generative AI and Technology and analytics Read More

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How to Make Fractional Leadership Work

August 13, 2025 Imagine you’re leading a small organization, but you’re struggling to recruit and afford the senior talent you need to grow. You could hire a part-time executive. So-called “fractional leadership” is common in startups and is spreading to other businesses and nonprofits. But while a fast-growing number of senior leaders seek this work arrangement, many companies are unsure of how to go about it. Tomoko Yokoi and Amy Bonsall are experts on the practice. Yokoi is a researcher at the TONOMUS Global Center for Digital and AI Transformation at IMD Business School. Bonsall is a former executive at IDEO and Old Navy who from 2023 to 2025 worked as part-time chief product officer with several organizations. They explain when and how fractional leadership works best—for the individual as well as the organization—and how to do it right. Yokoi and Bonsall wrote the HBR article “How Part-Time Senior Leaders Can Help Your Business.” Key episode topics include: leadership, human resource management, hiring and recruitment, talent management, entrepreneurial management Listen to the original HBR IdeaCast episode: The Growing Trend of Part-Time Executives Find more episodes of HBR IdeaCast Discover 100 years of Harvard Business Review articles, case studies, podcasts, and more at hbr.org Read More

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Germany Consumer Price Index (YoY) meets forecasts (2%) in July

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks EUR/USD hits two-week highs above 1.1700 ahead of German inflation data EUR/USD extends gains to hit two-week highs above 1.1700 in European trading on Wednesday. The US Dollar resumes its downside amid rising bets of a Federal Reserve rate cut in September, in the face of benign US CPI data. Germany’s preliminary inflation data and Fedspeak will be in the spotlight later in the day.  GBP/USD rebounds toward 1.3550 amid risk appetite, weaker USD GBP/USD is recovering ground toward 1.3550 in Wednesday’s European session. The pair capitalizes on dovish Fed expectations-led risk-on market profile and renewed US Dollar weakness. Speeches from Fed officials will be eyed in the absence of top-tier US economic data.  Gold extends its struggle near $3,350 amid global risk rally Gold holds the previous bounce led by US CPI data early Wednesday. The US Dollar hangs near two-week lows amid heightened Fed rate cut expectations and risk rally on global stocks. Gold appears vulnerable as the 4H chart portrays a bearish outlook. Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

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Germany Harmonized Index of Consumer Prices (MoM) in line with expectations (0.4%) in July

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet. FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. Editors’ Picks EUR/USD hits two-week highs above 1.1700 ahead of German inflation data EUR/USD extends gains to hit two-week highs above 1.1700 in European trading on Wednesday. The US Dollar resumes its downside amid rising bets of a Federal Reserve rate cut in September, in the face of benign US CPI data. Germany’s preliminary inflation data and Fedspeak will be in the spotlight later in the day.  GBP/USD rebounds toward 1.3550 amid risk appetite, weaker USD GBP/USD is recovering ground toward 1.3550 in Wednesday’s European session. The pair capitalizes on dovish Fed expectations-led risk-on market profile and renewed US Dollar weakness. Speeches from Fed officials will be eyed in the absence of top-tier US economic data.  Gold extends its struggle near $3,350 amid global risk rally Gold holds the previous bounce led by US CPI data early Wednesday. The US Dollar hangs near two-week lows amid heightened Fed rate cut expectations and risk rally on global stocks. Gold appears vulnerable as the 4H chart portrays a bearish outlook. Bank of England cuts rates in dramatic meeting The Bank of England has cut rates by a further 25 basis points to 4% but the statement hints that officials think the easing cycle is nearing its end. Policymakers are visibly worried about a more persistent bout of inflation as the headline number is way higher than target. Best Brokers for EUR/USD Trading SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you’re a beginner or an expert, find the right partner to navigate the dynamic Forex market. Read More

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