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Fri, Sep 27, 2024 11:44 PM All times are UTC

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German consumer prices in September likely to hit 16-month high, state data shows

Sep 29, 2016 11:41 am UTC| Commentary Economy

Consumer price inflation in Germany is likely to surge to a 16-month high in September, picking up more than market expectations, according to a set of regional data released Thursday that delivered an encouraging sign for...

Spanish inflation turns positive for the first time in two years amid ongoing political deadlock

Sep 29, 2016 10:55 am UTC| Commentary Economy

Consumer prices in Spain turned positive for the first time in two years, although falling short of analysts expectations in midst of an ongoing political deadlock that has left the country without a stable government for...

German unemployment rises surprisingly in September for the first time this year

Sep 29, 2016 10:43 am UTC| Commentary Economy

The number of jobless people in Germany during the month of September rose for the first time this year, a sign of concern that the United Kingdoms exit from the European Union has yet not cooled off within the economic...

Rising border tension between India and Pakistan may cook further losses for stocks and bonds

Sep 29, 2016 10:11 am UTC| Commentary Economy Insights & Views

The Indian stock index and bonds slumped Thursday after the Director General of military operations of the Indian Army, Lt. General Ranbir Singh said that they have attacked terrorist camps in Pakistan, which were...

Spanish retail sales ease in August; economic growth likely to witness pressure in 2017

Sep 29, 2016 10:03 am UTC| Commentary Economy

Retail sales in Spain eased during the month of August, compared to a year earlier period; also, the countrys economic growth is likely to witness pressure during 2017 in midst of a political deadlock that has left the...

U.K. mortgage approvals sink to lowest in two years, miss expectations

Sep 29, 2016 09:31 am UTC| Commentary Economy

Mortgage approvals in the United Kingdom sunk its lowest level in almost two years , painting a mixed picture of the countrys housing market since the inception of the Brexit vote on June 23. UKs mortgage approvals...

Briferendum Aftermath Series

Briferendum Aftermath Series: J-curve with complications

Sep 29, 2016 08:26 am UTC| Commentary Economy

Whenever you read that sterling depreciation that occurred immediately after the outcome of the June referendum would be good for the UK economy boosting exports, take it with a pinch of salt and remember the J-curve....

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Economy

Tokyo's Core Inflation Hits BOJ's 2% Target, Boosting Rate Hike Expectations for 2024

Core inflation in Tokyo met the Bank of Japans 2% target for September, marking significant progress toward the central banks inflation goal. Analysts predict that the robust reading may lead to another interest rate hike...

Argentina’s Poverty Rate Surges Past 50% as Milei’s Austerity Measures Deepen Economic Struggles

Argentinas poverty rate has surged to 52.9%, its highest level since the 2001 crisis. President Javier Mileis austerity measures aimed at reducing inflation have severely impacted households, with inflation still near 237%...

Amazon Surpasses $1.8 Billion Ad Commitment Goal for 2024 Streaming Services

Amazon (NASDAQ:AMZN) has surpassed its target of securing $1.8 billion in ad-spending commitments for its video-streaming services for the upcoming year, according to a report from The Information, citing a source familiar...

Global Stocks Hit Record Highs as Oil Slips Amid Saudi Plans

Global stock markets surged to new highs on Thursday, propelled by chipmaker Micron Technologys upbeat forecast. The SP 500 and Europes STOXX 600 closed at all-time highs, while the MSCI global index set an intraday...

Fitch Warns Brazil's Economy Outpaces Fiscal Improvements

Despite Brazils strong economic performance, Fitch Ratings cautioned on Thursday that it has not translated into improved public finances. The agency anticipates challenges in 2025 and forecasts a steeper rise in the...

Politics

How Has Donald Trump Impacted the U.S. Judicial System?

Donald Trumps presidency left a profound and lasting impact on the U.S. judicial system. Over his four years in office, Trump appointed more than 200 federal judges and transformed the ideological makeup of the Supreme...

How Donald Trump's Policies on Trade, Immigration, and Taxes Differ from Previous Administrations?

Donald Trumps presidency introduced sweeping changes to U.S. policy in several critical areas, including trade, immigration, and taxes. His America First agenda set his administration apart from those of his predecessors,...

How Has Donald Trump Affected U.S. Foreign Policy?

During his tenure as the 45th president of the United States, Donald Trump drastically altered the countrys foreign policy approach, leaving a legacy defined by a focus on nationalism, bilateral agreements, and a departure...

What Are Donald Trump’s Key Achievements and Failures as President?

Donald Trumps presidency, from 2017 to 2021, was one of the most polarizing and controversial in modern American history. As the 45th president, Trumps time in office was marked by significant achievements in economic...

Eddie Griffin Invites Donald Trump on Show, Snubs Kamala Harris in Fiery Remarks

Hollywood comedian and actor Eddie Griffin has sparked controversy after extending an invitation to former President Donald Trump to appear on his show, while simultaneously dismissing any possibility of speaking with Vice...

Science

SpaceX Nears 4 Million Starlink Customers and Invests $3 Billion in Texas Starship Development

SpaceX is on the verge of hitting four million Starlink customers, according to President Gwynne Shotwell. The company has invested $3 billion into Starship facilities in Texas, emphasizing the significance of Starship for...

SpaceX Criticizes FAA Over Licensing Delays and 'Inaccurate' Testimony in Congressional Hearing

SpaceX has called out the Federal Aviation Administration (FAA) for making incorrect and concerning claims during a congressional hearing. The tension centers around SpaceXs licensing challenges for Starship missions and...

Hawaiian Airlines Rolls Out Free Starlink Internet on Airbus A330 and A321neo Fleet

Hawaiian Airlines has partnered with SpaceXs Starlink to provide free high-speed internet on its Airbus A330 and A321neo fleet. The airline plans to expand the service to its Boeing 787 aircraft, enhancing in-flight...

T-Mobile CEO Predicts Starlink Cellular Beta Launch by Late 2024 or Early 2025

T-Mobile CEO Mike Sievert anticipates the Starlink Cellular beta, also known as Starlink Direct-to-Cell, could launch between late 2024 and early 2025. The initial beta will offer text services, with voice, data, and IoT...

SpaceX Recovers Super Heavy Booster, Prepares for Tower Catch in Upcoming Starship Flight 5

SpaceX has successfully recovered the Super Heavy booster from Starship Flight 4, marking the first retrieval of the rocket post-launch. The company is now preparing for Starship Flight 5, where it will attempt a milestone...

Technology

Intel and US to Finalize $8.5 Billion in Chip Funding by Year-End, Report Says

Intel and the U.S. government are nearing a deal to finalize $8.5 billion in funding to boost domestic semiconductor production. The Financial Times reported that the agreement, which includes grants and financing, is...

Super Micro Computer Under DOJ Investigation Following Hindenburg Allegations, Filing Delays Worry Investors

Super Micro Computer (SMCI) is reportedly under investigation by the U.S. Department of Justice following serious allegations from Hindenburg Research. The company, a major NVIDIA customer, delayed its annual report,...

Grayscale Spotlights 20 Cryptos Poised for Massive Gains—Is Your Portfolio Ready?

Grayscale Research has spotlighted 20 digital assets expected to outperform in the fourth quarter, emphasizing factors like probable catalysts and technological advancements that may drive their success. Grayscale...

US Hits Russia Crypto Exchanges, Revealing $720M in Ransomware Dirty Money

US authorities have sanctioned two Russian cryptocurrency exchanges, uncovering a staggering $720 million in laundered funds from ransomware operations. The crackdown shines a light on the role of Russia-based platforms in...

Can Coinbase’s Hamster Kombat Futures Listing Spark a Comeback After HMSTR’s 43% Price Crash?

Coinbase will introduce Hamster Kombat perpetual futures on September 26, raising speculation on whether this could spark a much-needed price recovery after a 43% plunge to $0.007094. Coinbase, a cryptocurrency...