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Mon, Dec 23, 2024 05:08 AM All times are UTC

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U.S. home prices continue to rise in March, home price appreciation likely to pick up gradually

May 26, 2020 18:16 pm UTC| Commentary

U.S. home prices continue to rise in March, showed FHFA and SP Corelogic surveys. The 20-city composite from SP/Case-Shiller CL saw a seasonally adjusted rise of 0.5 percent sequentially and 3.9 percent year-on-year, after...

Singaporean industrial production surges unexpectedly in April on sharp rise in biomedical manufacturing

May 26, 2020 15:10 pm UTC| Commentary

Singapores industrial production unexpectedly rose sharply in April by 13 percent year-on-year, as compared with consensus expectations of a fall of 1 percent. Biomedical manufacturing rose 100.5 percent year-on-year,...

Singaporean headline inflation falls in April, unlikely to return to positive territory before end of 2020

May 26, 2020 13:58 pm UTC| Commentary

Singaporean headline inflation came in at -0.7 percent year-on-year in April, falling from 0.0 percent recorded in the prior month. This was below the median consensus estimate of -0.5 percent year-on-year, mainly led down...

Australian weekly consumer index rises for eighth consecutive week

May 26, 2020 12:30 pm UTC| Commentary

The ANZ-Roy Morgan Australian consumer confidence index rose 0.4 percent, rising for the eight consecutive week. The sentiment is up 42 percent from its low point in March, when fears regarding the pandemic were at the...

Canadian retail sales fall sharply in March, sales likely to normalize gradually from May

May 22, 2020 17:27 pm UTC| Commentary

Canadas retail sales dropped 10 percent sequentially in March, the largest fall since data became available in 1991. Advanced estimates were also provided for the month of April, which shows that sales are likely to fall...

Reserve Bank of India cuts policy repo rate by 40 bps

May 22, 2020 16:10 pm UTC| Commentary Central Banks

The Indian central bank, Reserve Bank of India, delivered another unscheduled rate cut. The RBI lowered its policy repo rate by 40 basis points to a historic low of 4 percent today. According to the central bank, the...

Turkish sectoral confidence indices rise sequentially in May

May 22, 2020 14:06 pm UTC| Commentary

Turkish sectoral confidence indices rise in the month of May. On a seasonally adjusted basis, the services confidence index rose 10.8 percent sequentially to 51.1 in May from Aprils 46.1. Within the services sector,...

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Economy

Tesla Rolls Out Mobile Megapack Chargers for Holidays Across the US, Find Out the Locations Here

Tesla has introduced mobile Megapack chargers at major U.S. travel hotspots to support increased holiday traffic. Travelers can find these high-speed chargers in locations like Bakersfield, Primm, El Centro, and Cambridge,...

UK Business Confidence Hits 2024 Low as Pay Growth Climbs Ahead of Christmas Hiring Surge

UK business confidence fell to its lowest level in 2024 during December, Lloyds Bank reported, despite a notable rise in hiring and strong pay growth ahead of the Christmas season, offering mixed signals for the economy...

Honda and Nissan Ready to Kick Off Integration Talks to Counter Tesla and Chinese Auto Giants

Honda and Nissan are preparing to announce the launch of integration talks, marking a critical moment in the global automotive industry. The discussions, likely involving Mitsubishi Motors, aim to create the worlds...

Trump Teases TikTok’s Fate in the US as ByteDance Faces a Critical Supreme Court Battle

President-elect Donald Trump hinted that TikTok could remain operational in the US, citing its immense popularity during his campaign, even as ByteDance braces for a Supreme Court showdown over its ownership. Trump...

'Santa Claus' Rally in Doubt as S&P Stumbles and Fed Signals Trouble for Year-End Gains

Hopes for a Santa Claus rally are fading as the SP 500 battles December losses and rising Treasury yields. With 2024 up 24%, investors question if the year will close on a high note or end with a whimper. Santa Claus Rally...

Politics

Trump's 'Greenland Purchase' Proposal Resurfaces, Igniting Global Debate

President-elect Donald Trump has reignited discussions about acquiring Greenland, the vast Arctic territory governed by Denmark. This renewed interest mirrors his 2019 proposal, which was dismissed by Danish authorities....

Katie Miller Joins DOGE Sparking Buzz Over Trump's New 'Government Efficiency' Team Appointment

Katie Miller, a seasoned communications professional and longtime supporter of President-elect Donald Trump, has been named a key member of the Department of Government Efficiency (DOGE). Trump announced the appointment on...

Trump's Incoming National Security Adviser Vows 'Severe Consequences' for Hostage-Takers

President-elect Donald Trumps designated National Security Adviser, Representative Mike Waltz, has issued a stern warning to any entity considering the detention of American citizens. In a recent statement, Waltz...

Trump’s Crypto Council Appointment Sparks Debate as Bo Hines Joins Digital Assets Team

President-elect Donald Trump has named Bo Hines as the executive director of the Presidential Council of Advisers for Digital Assets. This announcement highlights the incoming administrations focus on regulating the...

Trump's 'Tech Dream Team' Appointments Spark Debate Over Administration's Digital Strategy

President-elect Donald Trump has unveiled a series of high-profile appointments to his technology team, signaling a robust commitment to advancing the United States position in artificial intelligence (AI) and digital...

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

Apple Releases 'Urgent' Warning as iPhone Users Targeted by 'Mercenary' Spyware Attacks

Apple has issued an urgent alert to iPhone users, warning of sophisticated spyware attacks orchestrated by private entities targeting high-profile individuals. These mercenary spyware tools, notably Pegasus, can infiltrate...

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...

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,...

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...