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South Korea’s household debt inflates in August amid low interest rates

Sep 08, 2016 04:59 am UTC| Commentary Economy

Household debt in South Korea rose during the month of August despite theprevalence of low-interest rates and continued efforts by the government to tackle the potential risk that is threateningAsias fourth-largest...

FxWirePro: The Day Ahead- 8th September, 2016

Sep 08, 2016 04:23 am UTC| Commentary Economy

Lots of economic dockets and events scheduled for today and some with high volatility risks associated. Data released so far: Australia: Trade balance for July came at $2.41 billion. Exports grew by 3 percent and...

China FX reserves drop to lowest since 2012, downside risks pertain to USD/CNH

Sep 07, 2016 12:02 pm UTC| Commentary Economy

Chinas foreign exchange reserves dropped to its lowest level since 2012, reflecting that the Peoples Bank of China (PBoC) should have defended USD/CNY at 6.70 last month. Looking ahead, it is expected that the PBoC will...

Australia's construction sector contracts in August, but backlog of work to support momentum into 2017

Sep 07, 2016 11:28 am UTC| Insights & Views Economy

The Australia Industry Group (AiG) performance construction index (PCI) plunged to 46.6 in August, down from 51.6 the previous month. Data showed on Wednesday that Australias construction industry fell back into...

UK manufacturing production registers highest fall in a year following fallout from Brexit vote

Sep 07, 2016 11:12 am UTC| Commentary Economy

Manufacturing production in the United Kingdom registered the highest fall in a year, taking cues from the fallout of Brexit vote in a referendum held on June 23 that shook global financial markets, but may be...

UK house prices decline for second month, posts weakest quarterly growth since Dec 2014

Sep 07, 2016 10:45 am UTC| Commentary Economy

House prices in the United Kingdom declined for the second straight month in August, registering the weakest quarterly growth since December 2014, following high prices that curbed demand and sales activity softened during...

Bank Negara remains on hold post July’s surprise cut; policymakers await upcoming budget

Sep 07, 2016 09:42 am UTC| Commentary Economy Central Banks

The Malaysian central bank held fire at its monetary policy meeting held Wednesday, after unleashing a surprise rate cut in July, for the first time in seven years. Also policymakers are closely awaiting the upcoming...

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Economy

FxWirePro- Major Economic events for the day

Time (UTC) Currency Indicator Previous Forecast 12:01am GBP BRC Shop Price Index...

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...

Google’s Online Ad Empire Under Fire: DOJ Demands Action as Antitrust Battle Reaches Final Stage

The Justice Department closed its case against Google, accusing the company of monopolizing digital ad markets. If the judge rules against Google, the tech giant could be forced to divest its Ad Manager platform in a...

Donald Trump’s impact on the U.S. dollar in 2025

In 2025, President-elect Donald Trumps policies are reshaping the U.S. dollars global position, sparking concerns among financial analysts and international markets. While Trumps administration aims to boost domestic...

Politics

How Donald Trump is handling labor unions in 2025?

In 2025, President Donald Trumps approach to labor unions has sparked heated debates across the country. With sweeping reforms aimed at reshaping workplace policies, Trumps administration has implemented measures that some...

Donald Trump's relationship with state governors in 2025

In his second term, President Donald Trump has taken an assertive approach to dealing with state governors, raising concerns over the balance of power between federal and state governments. While some governors praise his...

Donald Trump’s strategy for ending America’s opioid crisis in 2025

President Donald Trump has announced a sweeping strategy to combat Americas opioid crisis, focusing on stricter border controls, increased law enforcement measures, and expanded treatment programs. The plan, revealed...

How will Donald Trump’s presidency affect healthcare premiums in 2025?

Healthcare premiums in the United States have become a focal point of debate under President Donald Trumps 2025 administration. Amid a series of policy changes aimed at reshaping the healthcare system, many Americans are...

Donald Trump’s plans for federal student aid in 2025

President Donald Trumps plans for federal student aid in 2025 have stirred a heated debate among education advocates, policymakers, and students across the nation. The administration has proposed significant changes aimed...

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

Bitcoin Slides to $95K, XRP Falls Over 10% Amid $495M Liquidation Wave Impacting 197K Traders

The cryptocurrency market suffered a $495 million liquidation wave in the past day, driven by steep corrections in Bitcoin and XRP. Bitcoin fell to $95,000, triggering mass sell-offs, while XRP plunged over 10%. Amid...

Shiba Inu Whales Dominate Market With $300M in Transactions Despite 9% Price Drop

Large Shiba Inu transactions surged by 148% in 24 hours, reaching $300.98 million. Despite this, SHIBs price has declined 9.05% to $0.00002486, signaling cautious sentiment in a bearish cryptocurrency market. Shiba Inu...

Tesla Turns Shell Gas Station in Spain Into a Sleek Supercharger Hub, Redefining EV Charging

Tesla has transformed a Shell gas station in Cordoba, Spain, into a striking Supercharger hub, marking a bold shift in EV infrastructure and pushing the boundaries of traditional fueling spaces. Tesla Converts Shell...

OpenAI, Samsung Talks Signal a Major Shift for Galaxy Devices, Threatening Google’s AI Stronghold

OpenAI is reportedly in discussions with Samsung to bring its cutting-edge AI technology to Galaxy devices. This potential partnership could pose a significant challenge to Googles dominance in both AI and its partnership...

Shiba Inu Sends Urgent Scam Alert Amid 12% Price Spike: Details Unveiled

Shiba Inus Lucie has issued an urgent warning about shady actors exploiting the crypto community. Her call for caution aligns with SHIBs impressive 12% price surge, reaching $0.00002759. Users are urged to stick to...