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Wed, Nov 27, 2024 08:48 AM All times are UTC

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Russian manufacturing sector continues to strengthen on surge in output growth, new orders

Dec 01, 2016 08:33 am UTC| Commentary Economy

The manufacturing sector in Russia continued to strengthen on asurge in output growth and new orders. Backlogs of work accumulate at thequickest pace since August 2006. The seasonally adjusted Markit Russia...

Japan manufacturing PMI jumps to near 1-year high in November, higher than long-run average

Dec 01, 2016 06:49 am UTC| Commentary Economy

Japans manufacturing sector performed best in almost a year during November, remaining higher than the series long-run average. Production increased at a slightly slower pace, albeit one that remained stronger than the...

Currency War Series

Brazilian central bank slashes interest rate, citing Trump-related global uncertainties

Dec 01, 2016 06:07 am UTC| Commentary Central Banks Economy

The central bank of Brazil has slashed interest rates in the monetary policy meeting held Wednesday, as was widely expected by market participants, citing US President-elect Trump-related global uncertainties that are...

U.S. pending home sales rise marginally in October, shows steady improvement in housing sector

Dec 01, 2016 05:13 am UTC| Commentary Economy

Pending home sales in the United States marginally rose during the month of October, showing off a steady improvement in the housing sector through this year and next. Also, a limited quantity of existing home inventories...

FxWirePro: The Day Ahead- 1st December, 2016

Dec 01, 2016 04:53 am UTC| Commentary Economy

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Japan: Nikkei manufacturing PMI came at 51.3 for November. Australia: Private...

Trump’s Carrier coup reveals credibility gap between Twitter rhetoric and economic reality

Dec 01, 2016 02:49 am UTC| Insights & Views Economy Business

In a political coup, President-elect Donald Trump says that his transition team has struck a deal with Carriers Indianapolis plant to keep 1,000 jobs in the state. Big day on Thursday for Indiana and the great workers...

It's good the government will report GDP per capita, but it shouldn't stop there

Dec 01, 2016 02:35 am UTC| Insights & Views Economy

The governments horse trading over legislation with the senate will have a profound effect on the way the government reports economic data. Part of the governments agreement with Senator Leyonhjelm to support the...

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Economy

FxWirePro- Major Economic events for the day

Time (GMT) Currency Economic Indicator Actual Forecast Previous 7:00 AM EUR German GfK Consumer...

CPI Update: Australia's Inflation Falls to 2.1%, Impacts on the AUD

Australias annual inflation rate for September 2024 stands at 2.1%, down from 2.7% in August, indicating the lowest inflation increase since July 2021. This decline is largely due to significant decreases in electricity...

Down But Not Out: RBNZ Cuts Interest Rates to Stimulate Growth

Economic Situation: The Reserve Bank of New Zealand (RBNZ) has lowered the Official Cash Rate (OCR) by 50 basis points, reducing it from 4.75% to 4.25%. This decision aims to tackle a slowing economy and falling inflation...

$7,500 EV Tax Credit at Risk: California Challenges Trump With New Statewide Rebate Proposal

As President-elect Donald Trump eyes eliminating federal EV tax credits, California Governor Gavin Newsom proposes a $7,500 state rebate to protect clean transportation efforts and keep zero-emissions vehicles affordable...

Kia and Hyundai Unshaken as BYD Sets 2025 South Korea Launch in Competitive EV Market

As BYD prepares to enter South Koreas EV market in 2025, Kia and Hyundai show no signs of concern. Experts highlight that tariffs, subsidy issues, and local consumer preferences make it challenging for BYD to compete with...

Politics

Donald Trump’s Transition Deal: ‘Chaos Looms’ as GSA Agreement Rejection Sparks Security Concerns

President-elect Donald Trump finalized a transition agreement with President Joe Bidens White House on Tuesday, clearing the way for his transition team to coordinate with federal agencies ahead of his January 20...

Rudy Giuliani Sparks Outrage With Explosive Rant on Trump-Appointed Judge: 'He Doesn’t Care About the Truth!'

Rudy Giuliani, the embattled former New York City mayor and personal attorney to President-elect Donald Trump, unleashed a fiery tirade against U.S. District Judge Lewis Liman on Tuesday. Speaking to reporters outside a...

Border Sheriffs Sound the Alarm: 'Trump's Mass Deportation Plan Faces Resistance and Urgent Resource Gaps'

President-elect Donald Trumps proposed mass deportation plan has drawn mixed reactions from Texas border sheriffs, who say they lack the necessary resources to enforce the sweeping immigration policies. During his...

Ex-FBI Informant Indicted on Tax Evasion After Explosive Biden Allegations Spark Controversy

Former FBI informant Alexander Smirnov, who previously accused President Joe Bidens family of being involved in a multimillion-dollar bribery scheme, now faces federal tax evasion charges. The new indictment, unsealed this...

Jack Smith Pushes for Power Restoration After Closing Trump Cases: ‘Constitutionality at Stake!’

Special counsel Jack Smith, despite dropping two high-profile federal cases against President-elect Donald Trump, is making a bold move to restore his authority. On Tuesday, Smith filed a 50-page reply brief with the 11th...

Science

From using plant rinds to high-tech materials, bike helmets have improved significantly over the past 2 centuries

Imagine its the mid-1800s, and youre riding your high-wheeled, penny-farthing bicycle down a dusty road. Sure, it may have some bumps, but if you lose your balance, youre landing on a relatively soft dirt road. But as the...

Why does everything look flat even though the Earth is round?

Ever since the ancient Greeks first made observations of the circular Moon and the skies, scientists have known that the Earth is a sphere. Weve all seen beautiful images of the Earth from space, some photographed by...

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Technology

Drake Hits UMG, Spotify, and Apple With Bombshell Claims Over Siri Playing Kendrick Lamar’s ‘Not Like Us’

Drake has taken legal action against Universal Music Group and Spotify, accusing the companies of conspiring with Apples Siri to promote Kendrick Lamars Not Like Us over his music. The allegations, though unproven, ignite...

Tesla Exclusion from EV Tax Credit Proposal Blasted by Congressman as Musk Slams California's 'Insane' Plan

Californias proposed EV tax credit plan has sparked outrage, with Tesla excluded despite being the states only EV manufacturer. Congressman Ro Khanna and Elon Musk have condemned the decision, calling it harmful to local...

Google's DOJ Trial On Schedule: US Judge Rejects Delay Amid Trump Administration Shift

A US judge declined to postpone the Department of Justices antitrust trial against Google, slated for April, despite potential policy shifts under President Trumps administration. The DOJ alleges Googles illegal monopoly...

OpenAI's Sora Sparks Artist Backlash: 'We’re Not Free Bug Testers for Billion-Dollar Brands'

OpenAIs early access program for Sora, a generative AI tool marketed as a creative partner for artists, is facing severe criticism. Artists participating in the program allege that the initiative prioritizes corporate...

Tesla Out of California’s EV Tax Credit Plan? Shocking Exclusion Sparks Debate Over Federal and State Policies

Californias new EV tax credit proposal may exclude Tesla, despite its dominance in the electric vehicle market. Governor Gavin Newsom suggests the move would encourage competition, as federal subsidy changes loom under...