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Sun, Dec 22, 2024 10:22 AM All times are UTC

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U.S. weekly initial jobless claims rise unexpectedly

Oct 15, 2020 14:17 pm UTC| Commentary

U.S. regular initial jobless claims rose unexpectedly in the week ended 9th October. Claims rose to 898k. However, new claims under the PUA program dropped. The risk of the labor markets rebound going into reverse was...

Swedish jobless rate falls slightly in September, rate cuts seems likely

Oct 15, 2020 12:10 pm UTC| Commentary

Swedish unemployment continued to fall in September, coming in line with consensus expectations. The labor market had bottomed out in June, which might compel the central bank to revise their view on the rebound. The...

Gold eases as dollar steadies amid fading stimulus hopes

Oct 15, 2020 07:59 am UTC| Commentary

Gold prices declined, weighed down by a steady dollar and fading chances of a new U.S. fiscal stimulus package being finalised before the November elections. Spot gold was trading 0.2 percent down at $1,898.29 per ounce...

Gold off near 1-week low as vaccine trials, stimulus talks stall

Oct 14, 2020 07:49 am UTC| Commentary

Gold prices steadied after tumbling to a near 1-week low earlier in the session as lack of an agreement on additional U.S. fiscal stimulus helped the dollar stay firm. Spot gold was trading 0.2 percent higher at...

Bank Indonesia keeps policy rate on hold at 4 pct, likely to continue with policy accommodation

Oct 13, 2020 14:19 pm UTC| Commentary Central Banks

Bank Indonesia kept its key policy rate on hold at 4 percent today for the third consecutive meeting. While the IDR has regained some ground in the past week or so, the currency continues to be the regions weakest...

U.K. employment level falls in three months to August, jobless rate rises to 4.5 pct

Oct 13, 2020 13:21 pm UTC| Commentary

The latest labor market data for the U.K. showed a more downbeat picture of the health of the labor market, than had been anticipated. The employment level dropped 153k in the three months to August its biggest quarterly...

Gold eases as dollar retreats from recent lows; investors await U.S. stimulus

Oct 13, 2020 10:08 am UTC| Commentary

Gold prices declined, extending previous session losses following a slight rebound in dollar, while investors held on to hopes of a U.S. stimulus package being eventually released. Spot gold declined 0.2 percent to...

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Economy

China’s Nio Brings Firefly EV to Europe in 2025 to Challenge Mini and Smart

Chinas Nio is preparing to launch its Firefly EV in Europe by early 2025, aiming to rival Mini and Smart. As the company expands its presence, its also addressing tariff challenges with innovative battery-swapping stations...

Holiday Travel Faces Turmoil as TSA Warns Shutdown Could Trigger Airport Delays Across the US

The TSA has warned that a government shutdown could severely disrupt airport operations during the holiday season. With 59,000 essential staff working unpaid, record passenger volumes may result in longer wait times unless...

Starbucks Union Strike Expands Nationwide as Baristas Demand Higher Wages, Better Schedules, and Fair Staffing

Unionized Starbucks workers walked off their jobs Friday, closing cafes in cities like Los Angeles and Chicago. The five-day strike escalates nationwide, with baristas demanding higher wages, better staffing, and improved...

Soaring EV Sales Spark Scramble for Lithium and Graphite as 2030 Supply Pinch Looms

A booming market could drive electric vehicle sales from 4.5 million this year to nearly 28 million by 2030, pressuring scarce battery resources. A new McKinsey analysis highlights looming shortages in lithium, manganese,...

Honda, Nissan Discuss Factory Sharing Moves to Counter Trump’s Trade Shifts and Expand Global Reach

Factory sharing between Honda and Nissan could reshape their global presence as they navigate uncertainties tied to Trumps policies. Talks highlight their strategic efforts to streamline operations and secure a competitive...

Politics

Jack Posobiec Vows to Sue 'Every Member' of Jan. 6 Committee, Starting with Liz Cheney'

Political commentator Jack Posobiec has announced plans to file a class-action lawsuit against all members of the January 6th Committee, beginning with former Representative Liz Cheney. Posobiecs declaration follows recent...

Marjorie Taylor Greene Calls Derek Chauvin a 'Political Prisoner' and Demands His Release'

In a recent social media post, Representative Marjorie Taylor Greene (R-Ga.) referred to Derek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd, as a political prisoner and called for his...

Donald Trump's Alleged Plans to Fire Elon Musk Spark Controversy Over Administration Rift and Business Ties

Speculation is mounting over reports that former President Donald Trump is considering removing Elon Musk from any future role in his administration. The rumors, amplified by a post on Polymarket predicting only a 13%...

Mitt Romney Claims 'Democrats Will Save Johnson' Sparking Outrage Over 'Speaker's Leadership and Bipartisan Politics'

In a striking statement, Senator Mitt Romney suggested that Democrats may intervene to keep Mike Johnson as Speaker of the House. The claim, shared in a tweet by conservative commentator Laura Loomer, has sparked a fiery...

Sen. Mike Lee Predicts 'Mike Johnson Ouster' and Floats 'Vivek or Elon' for Speaker Role

Utah Senator Mike Lee has stirred political discourse by predicting House Speaker Mike Johnson could soon be ousted from his role. Lees comments, made during a radio interview on Thursday, included a surprising pitch for...

Science

Emergency Declared as Bird Flu 'Spreads' to California Dairy Cows

California Governor Gavin Newsom has officially declared a state of emergency in response to the rapidly escalating bird flu outbreak. The declaration comes after avian influenza was detected in dairy cows, a rare and...

Missing Radioactive Material in New Jersey Sparks Panic — Are Drones ‘Hunting for It’?

A small amount of radioactive material went missing in New Jersey earlier this month, raising concerns over public safety and potential security risks. The U.S. Nuclear Regulatory Commission (NRC) confirmed on December 2,...

Some black holes at the centers of galaxies have a buddy − but detecting these binary pairs isn’t easy

Every galaxy has a supermassive black hole at its center, much like every egg has a yolk. But sometimes, hens lay eggs with two yolks. In a similar way, astrophysicists like us who study supermassive black holes expect to...

Astronomers have pinpointed the origin of mysterious repeating radio bursts from space

Slowly repeating bursts of intense radio waves from space have puzzled astronomers since they were discovered in 2022. In new research, we have for the first time tracked one of these pulsating signals back to its...

How is Donald Trump prioritizing funding for cancer research in 2025?

President-elect Donald Trump has announced a major initiative to prioritize funding for cancer research in 2025, pledging billions in federal support to combat one of the worlds leading causes of death. The plan includes...

Technology

Samsung Plans Ultra-Thin Galaxy S25 Slim to Rival iPhone 17 Air in 2025 Flagship Battle

Samsung is reportedly preparing to unveil its thinnest flagship yet, the Galaxy S25 Slim, early next year. The device, with a rumored sub-7mm thickness, is aimed at challenging Apples iPhone 17 Air while pushing the...

Tesla Addresses 'Cell Dent' Issues in Cybertruck Batteries, Sends Units Back to Gigafactory Texas

Tesla has discovered cell dent problems in its Cybertruck battery packs, prompting the automaker to send affected vehicles back to Gigafactory Texas for replacement. The issue affects inventory vehicles and highlights...

Top AI Chip Stock Positioned for Explosive 2025 Growth, Jefferies Signals Major Upside

A top-performing AI chip company has emerged as Jefferies standout stock for 2025, fueled by groundbreaking advancements in custom chip designs. Analysts predict the firm could achieve record-breaking revenues and market...

NVIDIA Tracks China’s H100 Chip Breach as Super Micro Computer Faces New Compliance Pressure

NVIDIA is probing how restricted H100 chips are ending up in China. Allegations of forged serial numbers and questionable distributor practices, including Super Micro Computer, have triggered a sweeping investigation into...

Nintendo Switch 2 Dock Leak Hints at Faster Performance but 4K Output Reportedly Capped at 30 FPS

A recent leak claims the Nintendo Switch 2 dock will enable faster performance but may disappoint fans with its rumored 4K resolution limit at 30 FPS. Updated Joy-Con details and dock specifications provide intriguing...