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Mon, Dec 23, 2024 06:45 PM All times are UTC

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Yellen’s testimony suggests a June rate hike is on the cards: Capital Economics

Feb 24, 2015 19:22 pm UTC| Commentary

Quotes from Capital Economics:- Chair Janet Yellens prepared congressional testimony on Tuesday suggests that the Fed is on course to begin raising its policy rate at the June FOMC meeting. She noted that "considerable...

Expect a broadly stronger USD over the coming 3-6 months: Danske Bank

Feb 24, 2015 18:45 pm UTC| Commentary

Quotes from Danske Bank:- Yellens testimony and our view that the Fed will begin lift-off in June supports our call of a broadly stronger USD over the coming 3-6 months.- In our view, the USD should strengthen as long as...

Fed hike in June possible based on continued robust employment gains and decent GDP growth: Danske Bank

Feb 24, 2015 18:37 pm UTC| Commentary

Quotes from Danske Bank:- Overall this was quite a neutral statement by Janet Yellen in her semi-annual testimony to Congress. She does not give too much away in terms of what has to be in place for lift-off.- We expect...

Fed will likely make a shift to data dependency at the March meeting: Societe Generale

Feb 24, 2015 18:29 pm UTC| Commentary

Quotes from Societe Generale:- Chair Yellen offered few clues today as to the timing of the lift-off in rates. But her speech suggests that the FOMC is very close to removing the "patient" language from its policy...

Real income growth in US will feeds through into stronger retail spending: Capital Economics

Feb 24, 2015 18:14 pm UTC| Commentary

Quotes from Capital Economics:- Despite falling in Feb, the Conference Board measure of US consumer confidence continues to show that consumers have started 2015 in an optimistic mood, and is consistent with decent...

Banxico may implement a pre-emptive hike ahead of the US Fed, if necessary: Barclays

Feb 24, 2015 18:08 pm UTC| Commentary

Quotes from Barclays Capital:- Mexico CPI increased 0.11% 2w/2w in the first fortnight of February, driven by a strong core print (actual: 0.28% 2w/2w, consensus: 0.16%, Barclays: 0.18%), partially offset by...

US consumer sentiment remains at an encouraging level: TD Economics

Feb 24, 2015 17:56 pm UTC| Commentary

Quotes from TD Economics:- Todays Conference Board consumer confidence index was disappointing but not surprising. Following a large 10.7 points gain in confidence in Jan, a repeat performance was unlikely and markets were...

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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

Biden's 'Death Row Commutations' Spark Outrage, Child Killers and Mass Murderers Spared Execution

In a significant move, President Joe Biden has commuted the sentences of 37 federal death row inmates to life imprisonment without parole. This decision, announced just days before Christmas, spares individuals convicted...

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...

Science

Philippines' 'Missile Acquisition' Plan Provokes China's 'Arms Race' Warning

The Philippines has announced plans to acquire the U.S.-developed Typhon missile system to bolster its maritime defense capabilities. This decision has elicited strong reactions from China, which warns that such a move...

Christmas Eve Asteroid' to Skim Past Earth at 14,743 mph Tonight, NASA Warns

NASA has announced that an asteroid, comparable in size to a 10-story building, will make a close approach to Earth on Christmas Eve. The space rock, designated 2003 SD220, is expected to pass by our planet at a speed of...

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...

Technology

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...

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...