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Fri, Dec 19, 2025 07:35 AM All times are UTC

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Powell Signals Fed’s Rate Cut Path May Slow, Citing Economic Strength and Uncertainty

Dec 04, 2024 20:40 pm UTC| Economy Politics

Federal Reserve Chair Jerome Powell on Wednesday emphasized economic strength as a factor in potentially slowing the pace of interest rate cuts, urging flexibility in the Feds strategy ahead of the December...

Gold Surges as South Korea Martial Law Uproar and Israel-Lebanon Strikes Shake Markets; Powell’s Address Looms

Dec 04, 2024 07:23 am UTC| Economy

Gold prices climbed on Wednesday as South Koreas martial law crisis and Israel-Lebanon tensions boosted safe-haven demand. Spot gold edged up 0.1% to $2,646.53 per ounce, with traders eyeing Federal Reserve Chair Jerome...

Asia Stocks Reel from South Korea’s Martial Law Reversal and Political Turmoil

Dec 04, 2024 06:54 am UTC| Economy Politics

Asian stocks tumbled Wednesday, led by South Koreas KOSPI falling over 2%, as President Yoon Suk-Yeols abrupt martial law and its reversal deepened political unrest, unnerving investors across the region. Asian Stocks...

FxWirePro- Economic Events for the day

Dec 04, 2024 06:15 am UTC| Economy

Time Currency Impact Actual Forecast Previous 8:15am EUR Spanish Services...

Australia's Economy: Steady Growth Amidst Rising Challenges

Dec 04, 2024 03:12 am UTC| Economy

In the third quarter of 2024, Australias economy grew by0.3%compared to the previous quarter, a slight improvement from the0.2%growth seen in the second quarter. This growth marks the twelfth quarter of economic expansion;...

Meta Taps Nuclear Energy to Power AI and Meet Soaring Data Center Demands by 2030

Dec 03, 2024 22:20 pm UTC| Economy Technology

Meta is turning to nuclear power to address its growing AI and data center energy needs, planning to add up to 4 GW of U.S. nuclear capacity by the early 2030s as energy demand triples. Meta Looks to Nuclear Energy for...

Amazon AI Models Shake Up Content Creation Game, Rival Adobe, and Meta With Nova Innovations

Dec 03, 2024 22:00 pm UTC| Economy Technology

Amazon revealed its Nova foundation AI models at the AWS conference, a move poised to disrupt the competitive AI landscape. With advanced content creation tools, Amazon is taking a direct shot at Adobe and Meta. Amazon...

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Economy

Oil Prices Steady in Asia but Headed for Weekly Loss on Supply Glut Concerns

Oil prices were mostly steady during Asian trading on Friday, but both major benchmarks were still on track to record a second consecutive weekly decline as persistent concerns over a global supply glut continued to...

New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves

New Zealands business confidence surged sharply in December, reaching its highest level in three decades, according to the latest ANZ Bank Business Outlook survey released on Friday. The data highlights growing optimism...

BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization

The Bank of Japan (BOJ) is widely expected to raise interest rates to a three-decade high, marking another milestone in its gradual exit from ultra-loose monetary policy. At the conclusion of its two-day meeting on Friday,...

Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement

Federal Reserve Bank of Chicago President Austan Goolsbee said Thursday that recent inflation data has been encouraging, raising the possibility of additional interest rate cuts next year if current trends continue....

Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision

Japans consumer price inflation remained largely steady in November, reinforcing expectations that the Bank of Japan (BOJ) will proceed with a long-anticipated interest rate hike as it seeks to control persistent price...

Politics

Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy

The U.S. government under President Donald Trump has launched a formal review that could pave the way for the first-ever shipments of Nvidias H200 artificial intelligence chips to China, according to multiple sources...

Trump Signs Order to Ease Federal Marijuana Rules, Signaling Major Policy Shift

U.S. President Donald Trump has signed an executive order directing federal agencies to loosen regulations on marijuana, a move that could mark one of the most significant changes in U.S. cannabis policy in decades. The...

Fernando Haddad Confirms He Will Not Run for Office in 2025, Signals Possible Exit as Brazil’s Finance Minister

Brazilian Finance Minister Fernando Haddad confirmed on Thursday that he will not run for public office next year, putting an end to months of speculation surrounding his political future. Speaking at a press conference,...

Trump Administration Proposes Sweeping Limits on Gender-Affirming Care for Children

U.S. Secretary of Health and Human Services Robert F. Kennedy Jr. has moved to significantly restrict childrens access to gender-affirming care, marking one of the most far-reaching actions yet by the Trump administration...

Trump Expands U.S. Travel Ban to Antigua and Barbuda, Dominica, Sparking Economic Fears in the Caribbean

Washingtons decision to expand U.S. travel restrictions to include Antigua and Barbuda and Dominica is raising serious concerns across the Caribbean, where access to the United States plays a vital role in tourism,...

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

TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement

TikTok has taken a major step toward securing its future in the United States after its Chinese parent company, ByteDance, announced it has signed binding agreements with three major investors to form a new joint venture...

Oracle Stock Surges After Hours on TikTok Deal Optimism and OpenAI Fundraising Buzz

Oracle Corporation (NYSE: ORCL) shares surged sharply in extended trading on Thursday, reflecting renewed investor optimism fueled by reports of a potential U.S. TikTok transaction and fresh fundraising discussions...

Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law

Apple has announced a major shift in its App Store policies in Japan, opening iPhones and other Apple devices to alternative app stores in order to comply with new competition laws aimed at reshaping the countrys...

Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand

Micron Technology delivered record first-quarter results and issued a bullish forecast for the current quarter, driven by rising memory prices and strong demand linked to artificial intelligence workloads. The upbeat...

Oracle Stock Slides After Blue Owl Exit Report, Company Says Michigan Data Center Talks Remain on Track

Oracle shares fell more than 4% on Wednesday after a Financial Times report claimed that Blue Owl Capital, Oracles largest U.S. data center partner, decided not to support a planned $10 billion data center project in...