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Sun, Dec 22, 2024 03:27 PM All times are UTC

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German retail sales fall for second consecutive month in July

Sep 02, 2020 17:08 pm UTC| Commentary

German retail sales dropped for the second straight month in July, declining 0.9 percent sequentially in real terms. It had dropped 1.9 percent in the prior month. However, given the solid recovery in May, the level of...

U.S. factory orders grow slightly above expectations in July

Sep 02, 2020 16:35 pm UTC| Commentary

U.S. factory orders grew strongly in the month of July, rising 6.4 percent sequentially. Todays data was slightly above expectations of 6.1 percent. The bulk of the rebound was driven by durable goods orders. The outsized...

Canadian goods trade deficit likely narrowed in July on significant rise in motor vehicle exports

Sep 02, 2020 12:30 pm UTC| Commentary

Canadas international merchandise trade data for the month of July is set to release tomorrow. According to a TD Economics research report, the international goods trade deficit is likely to have narrowed to CAD 2 billion...

Australian economy contracts sharply in Q2 2020

Sep 02, 2020 11:18 am UTC| Commentary

The Australian economy contracted 7 percent quarter-on-quarter in the second quarter of 2020, the largest fall since quarterly records started in 1959. On a year-on-year basis, the economic growth shrank 6.3 percent. The...

Gold off 2-week high as dollar gains on solid U.S. manufacturing data

Sep 02, 2020 07:23 am UTC| Commentary

Gold prices declined after rising to a 2-week peak in the prior session as the dollar rebounded after robust U.S. manufacturing data boosted hopes around global economic recovery. Spot gold was trading 0.3 percent lower...

U.S. ISM manufacturing index rises above expectations in August

Sep 01, 2020 16:28 pm UTC| Commentary

The U.S. ISM manufacturing index rose to 56 in August, surpassing market expectations of 54.5. The index rose 1.8 percentage points from Julys print of 54.2. The surprise rise vis-à-vis July was seen throughout most...

Australian economic growth likely to have contracted further q/q in Q2 2020 - ANZ

Sep 01, 2020 15:49 pm UTC| Commentary

Australian economic growth is likely to have declined 7 percent quarter-on-quarter in the second quarter, according to an ANZ research report. The data for the second quarter will indicate the effect of the first wave...

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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...