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Wed, Nov 27, 2024 04:33 AM All times are UTC

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NZ consumer confidence surges to 19-month high in November on robust economic outlook

Nov 18, 2016 05:50 am UTC| Commentary Economy

Consumer confidence in New Zealand surged to a 19-month high during the period of November, following robust economic outlook over the countrys upbeat performance in the employment and dairy prices sector. Also, lower...

Central Banking Series

Janet Yellen to stay full term, Fed likely to hike in December

Nov 18, 2016 05:42 am UTC| Commentary Economy Central Banks

There are two major takeaways from Federal Reserve chair Janet Yellens testimony before ajoint congressional committee on economic affairs; one she is here to stay, at least till her term ends and secondly, Fed is very...

China housing price growth slows in October on stricter home-buying norms

Nov 18, 2016 04:57 am UTC| Commentary Economy

Housing price growth in China slowed during the month of October, following stricter home-buying regulations, in the form of curbs that led to a greater disparity and inconvenience in buying, pulling residential prices...

FxWirePro: The Day Ahead- 18th November, 2016

Nov 18, 2016 04:28 am UTC| Commentary Economy Central Banks

Not many economic dockets and events scheduled for today and all with low to medium risks associated. Data released so far: China: House price index rose by 12.3 percent y/y in October. New Zealand: Retail...

Chart of the Day Series

Chart of the Day: Multi-year high for global inflation expectations

Nov 17, 2016 16:30 pm UTC| Commentary Economy

This chart from Bank of America Merril Lynchs (BofAML) global fund managers survey report shows that global inflation expectations have reached the highest level in 12 years. With thethreat of inflation looming ahead,...

US Election Series

PWRTrade market expert on Trump’s First Presidential Week

Nov 17, 2016 15:05 pm UTC| Commentary Economy

PWRTrade: Trumps First Week Sends Markets Higher Financial markets around the world might actually welcome the idea of an economically conservative American president, even if his particular brand of conservatism comes...

FxWirePro: US inflation numbers amid inflation worries

Nov 17, 2016 12:55 pm UTC| Commentary Economy

Todays release of Consumer price index (CPI) numbers from the United States will be most watched data by traders and investors. CPI is scheduled to be released at 13:30 GMT. Todays CPI figure, if turns out to be very good...

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Economy

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...

$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...

Mexico Blasts Trump’s Tariffs: ‘This Won’t Stop Migrants or Drugs!’—Tensions Surge in Border Standoff

The Mexican government has strongly criticized former President Donald Trumps proposed tariffs, arguing they will fail to curb the flow of migrants and drugs across the border. The sharp response highlights escalating...

Economic Shockwaves: How Trump's Tariffs Could Affect Your Wallet

President-elect Donald Trump has announced new tariff plans that will affect trade with Canada, Mexico, and China. Here are the main points: Tariff Plans: 25% Tariff on Canada and Mexico:Starting January 20, Trump...

Politics

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...

Trump’s Tariff Plan Will ‘Reignite Inflation’—Economists Sound Alarm Over Sweeping Import Taxes

President-elect Donald Trump has announced sweeping new tariffs on goods imported from Mexico, Canada, and China as a cornerstone of his economic and foreign policy strategy. The proposed measures, which include a 25%...

Trump’s Stunning Win ‘Makes Patriotism Cool Again,’ Say Critics as Cultural Divide Deepens

Donald Trumps victorious return to the presidency has sparked a cultural shift, reigniting patriotism among Americans, particularly young voters. For years, openly expressing love for the country was often perceived as...

Biden's Bold Move: New Rule Permits HIV-Positive Organ Transplants, Sparking Debate Over Medical Breakthroughs

In a landmark decision aimed at addressing the nationwide organ shortage, the Biden administration announced a new rule on Tuesday permitting organ transplants between HIV-positive donors and HIV-positive recipients. U.S....

Matt Gaetz Replacement Race Heats Up: Trump Endorses ‘Seafood Tycoon’ Jimmy Patronis—But Will Florida Decide Differently?

The race to replace former U.S. Representative Matt Gaetz is intensifying, with Floridas Chief Financial Officer Jimmy Patronis emerging as a front-runner. Gaetz, who resigned on November 13 after being nominated as U.S....

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...

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...

Nvidia's Fugatto AI Transforms Voices and Sounds, Ushering in a New Audio Era

Nvidia on Monday introduced Fugatto, a groundbreaking AI model that transforms voices and generates new sounds from text descriptions. Aimed at revolutionizing audio creation in music, film, and gaming, Fugatto showcases...