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

Become a contributor

Bookmark Econotimes

Commentary

Mon, Dec 23, 2024 03:22 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Recovery in UK spending should soon get back on track: Capital Economics

Feb 23, 2015 19:04 pm UTC| Commentary

Quotes from Capital Economics:- The fall in the reported sales balance of Febs CBI Distributive Trades Survey from +39 in Jan to just +1 in Feb was disappointing. (Data released on Mon.)- However, we doubt that this...

US Conference Board’s index of consumer confidence likely to rise further in Feb: Capital Economics

Feb 23, 2015 18:55 pm UTC| Commentary

Quotes from Capital Economics:- We expect the Conference Boards index of consumer confidence (15.00 GMT) to rise further, from 102.9 to 105.0 in Feb. Rapid improvements in the labour market are providing a significant...

US Treasuries could be a headwind for ESH5: BofA Merrill Lynch

Feb 23, 2015 18:40 pm UTC| Commentary

Quotes from BofA Merrill Lynch:- We turned bearish on Treasuries last week, looking for 10yr yields to break the 100d at 2.148% ahead of a push to 2.347%/2.434% and potentially beyond. Pullbacks should be limited to...

Correction in Gold is nearing an end: BofA Merrill Lynch

Feb 23, 2015 18:35 pm UTC| Commentary

Quotes from BofA Merrill Lynch:- While the weakness in gold has been much greater than anticipated, the evidence still points to a larger, ongoing medium term uptrend, targeting 1345 (Jul14 high) and potentially as far as...

Bunds to resume bull trend: BofA Merrill Lynch

Feb 23, 2015 18:29 pm UTC| Commentary

Quotes from BofA Merrill Lynch:- Bund yields should resume their larger bull trend.- With daily momentum now overbought, we look for a break of MTD channel resistance at 29.3bps, to confirm a return to trend for 17.5bps...

EUR/USD bear trend is about to resume: BofA Merrill Lynch

Feb 23, 2015 18:24 pm UTC| Commentary

Quotes from BofA Merrill Lynch:- We wish to initiate a EUR/USD short. A break of 1.1291 (Triangle support) would indicate an end to its consolidation and a resumption of its larger bear trend for a push towards to the...

Modest recovery of Mexico retail sales likely in H1 15 : Barclays

Feb 23, 2015 18:12 pm UTC| Commentary

Quotes from Barclays Capital:- Mexico retail sales decreased 0.8% m/m sa in Dec driven by a reduction in the apparel, food, vehicles and paper and entertainment sales, which were offset by a strong report in domestic...

5971 5972 5973 5974 5975 5976 5977 5978 5979 5980

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...