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Thu, Nov 14, 2024 11:24 PM All times are UTC

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EM outperformance over DM seen in wake of Brexit

Jul 05, 2016 14:54 pm UTC| Commentary

It has been observed that emerging markets (EMs) have actually outperformed developed markets in wake of the Brexit outcome. Post-Brexit external conditions turned more conducive for the emerging markets. The relatively...

Briferendum Aftermath Series

Brexit anxiety hits UK services sector

Jul 05, 2016 14:32 pm UTC| Commentary Economy

UK services PMI misses forecasts in June, sees weakest quarterly growth in three years. According to a report by market research group Markit, the seasonally adjusted Markit/CIPS Services purchasing managers index (PMI)...

Turkey June CPI accelerates but gradual downtrend through Q3 likely

Jul 05, 2016 13:52 pm UTC| Commentary

According to the Turkish Statistical Institute (TurkStat), Turkeys consumer price index (CPI) increased by 0.47 percent m/m in June, slightly above the forecast, while the producer price index increased by 0.41 percent...

RBA leaves rates unchanged, August meeting still ‘live’

Jul 05, 2016 13:36 pm UTC| Commentary Central Banks

After omitting an explicit easing bias in the June post-meeting statement, the RBA on Tuesday left the cash rate unchanged at 1.75 percent and introduced a soft easing bias in its statement that followed. The...

Canadian bonds climb as crude oil prices falls to $48 on economic concerns, ample supply

Jul 05, 2016 13:02 pm UTC| Commentary

The Canadian government bonds climbed on Tuesday as crude oil prices fell below $50 a barrel as concern about a potential slowdown in economic growth that would weigh on demand trumped supply outages in Nigeria and other...

Mexican economy likely to grow slightly below trend until next year

Jul 05, 2016 12:53 pm UTC| Commentary Economy

Mexican economy is likely to expand a tad below trend this year and in the next year, assuming that the US economy continues to expand moderately in the medium term. Investment demand is expected to avert a sharp slowdown,...

US Treasuries rally on global economic concerns; 10-year yield hits record low

Jul 05, 2016 12:46 pm UTC| Commentary

The US Treasuries rally on Tuesday as global stocks dropped, darkening outlook for the economy gave investors further cause for caution in the wake of the UKs vote to leave the European Union. The yield on the benchmark...

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Economy

ECB Board Member Warns: ‘Bond Buys Are Constraining Us for Years’ in Bold Policy Shift

European Central Bank board member Isabel Schnabel urged a more restrained approach to bond purchases, emphasizing that interest rate adjustments should remain the ECBs primary tool for managing inflation. Her comments,...

Bank of Mexico Slashes Key Interest Rate Again, Signaling More Cuts on the Horizon ‘If Conditions Allow’

The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, marking its third consecutive rate cut. This decision reflects progress in managing inflation and signals that additional rate...

‘Fed’s Rate Cuts Can Wait,’ Powell Declares as Economy Stays Strong and Inflation Lingers

Federal Reserve Chair Jerome Powell announced on Thursday that the U.S. central bank does not feel pressured to hastily reduce interest rates, given the countrys solid economic growth, a resilient job market, and inflation...

OpenAI’s Game-Changing ‘Thinking’ Model Redefines AI Development: ‘Scaling Up Is No Longer Enough'

Artificial intelligence companies like OpenAI are rethinking their approach to AI development as traditional scaling methods hit technical and practical limitations. Facing power shortages, soaring data demands, and...

AMD Cuts 1,000 Jobs Amid Declining Gaming Sales and Lower-than-Expected Revenue Outlook for Q4

AMDs global workforce sees a 4% reduction after the companys Q3 results fell short of expectations, driven by a dramatic 69% drop in gaming revenue. This layoff decision is part of AMDs strategy to focus on high-growth...

Politics

Trump Shocks Washington by Naming RFK Jr. as New Health Secretary: ‘A Bold Move in Healthcare!’

President-elect Donald Trump has confirmed the appointment of Robert F. Kennedy Jr. as the next Secretary of Health and Human Services (HHS). The selection of Kennedy, known for his outspoken views on vaccine policies and...

Matt Gaetz Resigns from Congress Amid Nomination as Attorney General: 'A Shocking Career Move!' Sparks Debate

Rep. Matt Gaetz, a Republican firebrand known for his staunch conservatism and high-profile confrontations on Capitol Hill, has resigned from Congress following his nomination to serve as the next U.S. Attorney General....

Special Counsel Jack Smith Abruptly Seeks to Dismiss Appeal Against Trump in Explosive Classified Docs Case

In a surprising development in the ongoing legal battle involving former President Donald Trump, Special Counsel Jack Smith has moved to dismiss his appeal in the high-profile classified documents case. Smiths decision to...

Lara Trump Eyes Senate Seat: ‘Incredible Opportunity’ if DeSantis Appoints Her as Rubio’s Replacement

Lara Trump, a prominent member of the Trump family and vocal conservative advocate, has expressed her willingness to serve as a U.S. Senator if Florida Gov. Ron DeSantis appoints her to fill Marco Rubios seat. As the...

John Bolton Slams Trump’s Cabinet Pick of Matt Gaetz: ‘The Worst in American History!’

Former National Security Advisor John Bolton did not hold back in his recent critique of former President Donald Trumps decision to nominate Rep. Matt Gaetz for a Cabinet position, describing it as potentially the worst...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Technology

BTC Creator Satoshi Nakamoto Now Among World’s Richest—$90 Billion in Untouched Bitcoin Sparks Controversy

In an unexpected twist of financial history, the elusive Bitcoin creator, known only as Satoshi Nakamoto, has reportedly joined the ranks of the worlds wealthiest individuals. With Bitcoin prices soaring to unprecedented...

HTX Cracks Down on Phishing and Theft: Over 280K Security Alerts Sent to Protect User Assets

In its latest push to secure user assets, global cryptocurrency exchange HTX has released its October Security Monthly Report. This report underscores the platforms dedication to user protection by detailing its actions...

'Bitcoin Is Going Ballistic': Michael Saylor Predicts Explosive Growth as BTC Holds Strong Above $90,000

Bitcoin, the worlds first and most valuable cryptocurrency, has recently surged above the $90,000 mark, stirring excitement and confidence within the crypto community. One of Bitcoins most prominent advocates,...

Bitcoin’s True Power Lies Beyond Money: ‘It’s the People Behind BTC That Fuel Its Value'

Galaxy Digital CEO Mike Novogratz, a prominent figure in the cryptocurrency space, recently shared insights that challenge the conventional understanding of Bitcoins value. Speaking after a gathering with early Bitcoin...

XRP Skyrockets 10% in One Day: ‘Could This Be the Start of a Bigger Rally?’

XRP made waves in the cryptocurrency market on Thursday, posting a remarkable 10.25% gain that has ignited fresh speculation among investors. The surge brought XRP to $0.7790 as of 14:31 ET, according to data from...