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Stocks Slip as Fed Signals and Key Inflation Data Loom: Nvidia Rallies, Meta Unveils AR Push

Sep 26, 2024 03:18 am UTC| Economy

The SP 500 fell on Wednesday as investors paused to assess the recent market rally, with a focus on upcoming inflation data and potential signals from the Federal Reserve regarding interest rate policy. Nvidia...

China’s Aggressive Monetary Easing Misses Key Challenge: Weak Consumer Demand Threatens Growth

Sep 25, 2024 22:00 pm UTC| Economy

Chinas latest monetary easing policies have failed to address the economys core challenge: persistently low consumer demand. While liquidity injections by the Peoples Bank of China have boosted market sentiment, analysts...

Australia Inflation Drops to 3-Year Low in August, Core Rate Remains Above Target

Sep 25, 2024 21:48 pm UTC| Business Economy

Australias consumer inflation reached a three-year low in August, driven by falling diesel prices and electricity rebates. Despite this, core inflation remains above the Reserve Bank of Australias 2-3% target, complicating...

Global Geopolitics Series

바이든의 자동차 기술 금지, 중국 전기차 견제하는 강력한 무기

Sep 25, 2024 02:45 am UTC| Economy Business

바이든 행정부가 중국의 커넥티드카 기술을 금지하는 제안을 내놓으며, 저가의 중국 전기차(EV) 공세에 대응하기 위한 가장 강력한 무기를 제시했다. 미 상무부는 월요일(현지시간), 하드웨어와 소프트웨어에 대한 금지를 발표하며,...

Fed 보우만, 인플레이션 위험 지속, 금리 인하 신중 필요

Sep 25, 2024 02:45 am UTC| Economy

미국 연방준비제도(Fed)의 미셸 보우만 이사는 화요일(현지시간) 주요 인플레이션 지표가 여전히 Fed의 2% 목표치를 불편할 정도로 상회하고 있어 금리 인하를 진행하는 데 있어 신중함이 필요하다고 밝혔다. 보우만 이사는 2022년...

미국 7월 주택 가격 소폭 상승

Sep 25, 2024 02:45 am UTC| Economy

미국 단독주택 가격이 7월에 소폭 상승했으나, 공급 개선으로 전반적인 상승세는 둔화되고 있다. 이는 주택 구입 비용을 줄여줄 완화된 주택담보대출 금리와 함께 주택 구입을 더 저렴하게 만들 수 있을 것으로...

멕시코 인플레이션 예상치 하회, 금리 결정 앞둬

Sep 25, 2024 02:44 am UTC| Economy

로이터 통신에 따르면, 멕시코의 연간 인플레이션이 9월 상반기에 예상보다 더 크게 둔화되어, 이번 주 예정된 중앙은행 금리 인하 가능성을 높였다. 멕시코 통계청(INEGI)은 라틴아메리카 2위 경제국인 멕시코의 9월 상반기 12개월...

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Economy

Taiwan Stock Market Ends Higher as Semiconductor and Energy Shares Lead Gains

Taiwan stocks closed higher on Thursday, supported by broad-based gains across key sectors including semiconductors, oil, gas and electricity, as well as construction. The Taiwan Stock Exchange Weighted Index finished the...

BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target

Bank of Japan Governor Kazuo Ueda said Japans underlying inflation is steadily accelerating and moving closer to the central banks long-standing 2% target, reinforcing expectations that interest rate hikes will continue if...

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Politics

U.S. Prioritizes Economic Pressure With Venezuelan Oil Quarantine as Sanctions Intensify

The United States has shifted its near-term military focus toward enforcing a so-called quarantine on Venezuelan oil exports, signaling a strategy that prioritizes economic pressure over direct military confrontation....

Hanwha Signals Readiness to Build Nuclear-Powered Submarines at Philly Shipyard for U.S. Navy

Hanwha Group has announced that its Philadelphia-based shipyard has the technical capability to build nuclear-powered submarines for the U.S. Navy, highlighting the South Korean conglomerates growing ambitions in the...

China’s One-Child Policy Legacy Resurfaces After Death of Former Population Chief

The death of Peng Peiyun, a former senior Chinese official who oversaw the countrys one-child policy for a decade, has reignited fierce debate on Chinese social media about the long-term impact of the controversial...

Christmas Eve Jazz Concert Canceled After Kennedy Center Renaming to Include Trump

A planned Christmas Eve jazz concert at the Kennedy Center in Washington, D.C., has been canceled following a controversial decision to rename the iconic performing arts institution to include the name of Republican U.S....

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

Science

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...
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