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

Become a contributor

Bookmark Econotimes

Commentary

Sun, Dec 22, 2024 03:17 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

Surge in capital expenditures intentions index an encouraging element of Empire State survey: Capital Economics

Feb 17, 2015 17:04 pm UTC| Commentary

Quotes from Capital Economics:- The modest decline in the Empire State manufacturing index to 7.8 in February, from 10.0, leaves it at a level that historically has been consistent with GDP growth of around 2% annualised....

Correction in Canada's housing market will be a regional affair: BMO Capital Market

Feb 17, 2015 16:57 pm UTC| Commentary

Quotes from BMO Capital Market:- Canadian home sales fell 3.1% on a seasonally-adjusted basis in January, the second significant monthly decline in a row and leaving sales down 2.0% from year-ago levels.- Sales are now a...

Renminbi – Opening up globally through swaps

Feb 17, 2015 16:28 pm UTC| Commentary

Chinese Renminbi (RMB) last year remained among the few currencies outperforming dollar. This year so far it has underperformed, as the monetary policy diverged. CNY is currently trading around 6.25 against the...

Germany – strongman of Europe

Feb 17, 2015 12:04 pm UTC| Commentary

The latest data coming out of Germany has remained very positive. Germany is enjoying current account surplus at 7.5% of the GDP, surplus is highest in the Euro zone (+200 billion, non-seasonally adjusted, GDP growing at...

RBA minutes released, caution ahead for the bulls

Feb 17, 2015 11:24 am UTC| Commentary

Reserve bank of Australia (RBA) minutes showed despite its recognition of recent positive data in the labor market and household sector, it is quite cautious over the economic growth. The economy added 11,666,000 jobs but...

Central Bank Reserves – Euro dull but Gold shines

Feb 17, 2015 09:58 am UTC| Commentary

In a previous article we mentioned the Euro has fallen from the favour of Central Banks as reserve. In the latest data published by World Gold Council (WGC) shows that gold is being favoured by the central banks globally...

Greek debt talks fail, market tensed but unmoved

Feb 17, 2015 07:56 am UTC| Commentary

The talks between the Greece and European creditors have come to an end abruptly before time in Brussels yesterday, and the reaction from the euro was a mute one, as we expected in one of our last publication. The Euro is...

6021 6022 6023

Economy

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...

Holiday Travel Faces Turmoil as TSA Warns Shutdown Could Trigger Airport Delays Across the US

The TSA has warned that a government shutdown could severely disrupt airport operations during the holiday season. With 59,000 essential staff working unpaid, record passenger volumes may result in longer wait times unless...

Starbucks Union Strike Expands Nationwide as Baristas Demand Higher Wages, Better Schedules, and Fair Staffing

Unionized Starbucks workers walked off their jobs Friday, closing cafes in cities like Los Angeles and Chicago. The five-day strike escalates nationwide, with baristas demanding higher wages, better staffing, and improved...

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,...

Honda, Nissan Discuss Factory Sharing Moves to Counter Trump’s Trade Shifts and Expand Global Reach

Factory sharing between Honda and Nissan could reshape their global presence as they navigate uncertainties tied to Trumps policies. Talks highlight their strategic efforts to streamline operations and secure a competitive...

Politics

Jack Posobiec Vows to Sue 'Every Member' of Jan. 6 Committee, Starting with Liz Cheney'

Political commentator Jack Posobiec has announced plans to file a class-action lawsuit against all members of the January 6th Committee, beginning with former Representative Liz Cheney. Posobiecs declaration follows recent...

Marjorie Taylor Greene Calls Derek Chauvin a 'Political Prisoner' and Demands His Release'

In a recent social media post, Representative Marjorie Taylor Greene (R-Ga.) referred to Derek Chauvin, the former Minneapolis police officer convicted of murdering George Floyd, as a political prisoner and called for his...

Donald Trump's Alleged Plans to Fire Elon Musk Spark Controversy Over Administration Rift and Business Ties

Speculation is mounting over reports that former President Donald Trump is considering removing Elon Musk from any future role in his administration. The rumors, amplified by a post on Polymarket predicting only a 13%...

Mitt Romney Claims 'Democrats Will Save Johnson' Sparking Outrage Over 'Speaker's Leadership and Bipartisan Politics'

In a striking statement, Senator Mitt Romney suggested that Democrats may intervene to keep Mike Johnson as Speaker of the House. The claim, shared in a tweet by conservative commentator Laura Loomer, has sparked a fiery...

Sen. Mike Lee Predicts 'Mike Johnson Ouster' and Floats 'Vivek or Elon' for Speaker Role

Utah Senator Mike Lee has stirred political discourse by predicting House Speaker Mike Johnson could soon be ousted from his role. Lees comments, made during a radio interview on Thursday, included a surprising pitch for...

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

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...

Top AI Chip Stock Positioned for Explosive 2025 Growth, Jefferies Signals Major Upside

A top-performing AI chip company has emerged as Jefferies standout stock for 2025, fueled by groundbreaking advancements in custom chip designs. Analysts predict the firm could achieve record-breaking revenues and market...

NVIDIA Tracks China’s H100 Chip Breach as Super Micro Computer Faces New Compliance Pressure

NVIDIA is probing how restricted H100 chips are ending up in China. Allegations of forged serial numbers and questionable distributor practices, including Super Micro Computer, have triggered a sweeping investigation into...

Nintendo Switch 2 Dock Leak Hints at Faster Performance but 4K Output Reportedly Capped at 30 FPS

A recent leak claims the Nintendo Switch 2 dock will enable faster performance but may disappoint fans with its rumored 4K resolution limit at 30 FPS. Updated Joy-Con details and dock specifications provide intriguing...