Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Commentary

Thu, Nov 14, 2024 11:20 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Currency snapshot (major pairs)

Jul 05, 2016 11:49 am UTC| Commentary

Dollar index trading at 95.58 (+0.05%) Strength meter (today so far) Euro +0.1%, Franc -0.14%, Yen +0.74%, GBP -1.07% Strength meter (since last week) Euro +0.23%, Franc -0.11%, Yen +0.69%, GBP -0.84% EUR/USD...

Eurozone economy struggles to pick up momentum in June, GDP likely to have slowed in Q2

Jul 05, 2016 11:43 am UTC| Insights & Views Economy Commentary

The eurozone economy failed to gain momentum in June. Markits PMI reading for June released earlier on Tuesday showed that the continents composite data - a mix of both services and manufacturing - hit 53.1 in June, up...

Eurozone May retail sales post highest monthly gain this year, in sync with consensus

Jul 05, 2016 11:43 am UTC| Commentary Economy

Retail sales in the euro zone during the month of May rose, posting the highest monthly gain this year. However, the figure remained largely in line with expectations, government data showed. Retail sales, a proxy for...

FxWirePro medium term outlook: Kiwi likely to test 0.8

Jul 05, 2016 11:28 am UTC| Commentary

As economic and political uncertainties cloud the globe, we strongly expect commodity currencies will be seen as safe havens with their higher yield offerings. In addition to that, we feel that there has been a major shift...

FxWirePro medium term outlook: Euro likely to rise to 0.96 against sterling

Jul 05, 2016 11:06 am UTC| Commentary

Sterling is already curving a fresh 31-year low today against the dollar and we believe that it has a lot more to go. We have also called for a test of parity for the euro against the dollar. The call is available here,...

Euro area economic output remains stable in June; service sector growth slows

Jul 05, 2016 10:54 am UTC| Commentary Economy

Economic output of the euro area remained steady at a moderate pace in June. The final Markit Eurozone PMI Composite Output Index came in at 53.1 in June, unchanged from May. Thus the average reading for the headline...

FxWirePro medium term outlook: Euro may go for a test of parity against dollar

Jul 05, 2016 10:51 am UTC| Commentary

The referendum vote in the United Kingdom is not likely to hurt the country alone, it is at the very least will hurt theEuropean Union as well. Other than economic shocks, the European Union may suffer political cracks as...

3501 3502 3503 3504 3505 3506 3507 3508 3509 3510

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...