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Fri, Dec 19, 2025 12:45 AM All times are UTC

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BofA Analysts Flag Market Risks from China, Fed Cuts, and Tax Loss Harvesting

Oct 01, 2024 03:50 am UTC| Economy

Despite a recent rally in Chinese equities, many investors remain uncertain about its sustainability. Bank of America (BofA) strategists suggest the potential for a re-rating of Chinese stocks. However, U.S. mutual funds...

Tesla's Robotaxi Day Unlikely to Shift Investor Sentiment, Says Barclays

Oct 01, 2024 03:37 am UTC| Economy

Teslas highly anticipated Robotaxi Day, scheduled for October 10, is unlikely to significantly influence investor sentiment, Barclays analysts suggest. While the event will outline Teslas ambitious plans for autonomous...

Fed's Powell Signals More Rate Cuts, Emphasizes Data-Driven Approach

Oct 01, 2024 03:19 am UTC| Economy

Federal Reserve Chairman Jerome Powell signaled Monday that the Federal Reserve may continue adjusting interest rates toward a more neutral level but emphasized that future rate decisions will depend on economic data and...

China’s Factory Slowdown and Services Slump Spark Calls for Stronger Economic Stimulus

Sep 30, 2024 15:08 pm UTC| Economy

Chinas factory activity contracted for the fifth consecutive month in September, while the services sector experienced its first contraction since December. Despite efforts by policymakers to stimulate growth, the slowdown...

Russia Faces Critical Yuan Shortage as U.S. Sanctions Threaten Chinese Banking Ties

Sep 30, 2024 15:01 pm UTC| Economy

As U.S. sanctions tighten, Russias reliance on the yuan faces severe strain. Chinese banks may halt transactions with Russian businesses, threatening a critical economic lifeline built since the Ukraine invasion. Moscows...

Wedbush Predicts Double-Digit Surge in Tech Stocks as AI Boom Drives Spending

Sep 30, 2024 09:36 am UTC| Economy

Tech stocks are poised for a double-digit rally by the end of 2024, followed by an even stronger bull market in 2025, according to a report released Sunday by Wedbush analysts. After spending several weeks in Asia,...

Kamala Harris Raises $55 Million During Weekend Fundraisers in California

Sep 30, 2024 09:28 am UTC| Economy

U.S. Vice President and Democratic presidential candidate Kamala Harris raised $55 million over two fundraising events this weekend, according to a campaign official. The first event was held at the Palace of Fine Arts...

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Economy

Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review

Canadian Prime Minister Mark Carney has indicated that Canada is unlikely to secure a near-term agreement with the United States to ease tariffs on key sectors such as steel and aluminum. Instead, negotiations are now...

Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks

Oil prices extended their gains during Asian trading on Thursday as geopolitical tensions involving Venezuela and Russia heightened concerns over global crude supply. Market sentiment was boosted after U.S. President...

Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets

Asian shares fell sharply on Thursday as technology stocks came under renewed pressure, driven by growing investor concerns over heavy artificial intelligence spending and its impact on corporate balance sheets. Market...

Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React

The U.S. dollar remained steady against major global currencies on Thursday as investors positioned themselves ahead of key central bank decisions in the United Kingdom, Europe and Japan. Currency markets showed cautious...

BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited

The Bank of England is widely expected to cut interest rates on Thursday as signs mount that UK inflation is easing and economic growth is weakening. Financial markets anticipate a 25-basis-point reduction, bringing the...

Politics

Trump Signals Progress in Ukraine Peace Talks Ahead of U.S.–Russia Meeting

U.S. President Donald Trump said on Thursday that negotiations aimed at ending the conflict in Ukraine may be nearing a breakthrough, raising expectations ahead of planned talks between U.S. and Russian officials scheduled...

Argentina Unions Rally Against Milei’s Labor Reform as Congress Debates Key Bill

Argentinas main labor federation led a massive nationwide protest on Thursday against a controversial labor reform bill proposed by President Javier Milei, intensifying tensions as lawmakers begin debating the legislation...

Kennedy Center Reportedly Renamed Trump-Kennedy Center After Board Vote

The John F. Kennedy Center for the Performing Arts, one of Washington, D.C.s most iconic cultural institutions, is set to be renamed the Trump-Kennedy Center following what was described as a unanimous vote by its board of...

Trump Announces $1,776 Cash Bonus for U.S. Military Personnel Ahead of Christmas

U.S. President Donald Trump announced Wednesday evening that eligible U.S. military personnel will receive a one-time cash payment of $1,776, a move he described as a special warrior dividend timed ahead of Christmas. The...

U.S. House Advances GOP Healthcare Bill as ACA Subsidies Near Expiration

A major U.S. federal healthcare subsidy expanded during the COVID-19 pandemic is set to expire at the end of the year after the House of Representatives narrowly advanced a Republican healthcare bill that does not renew...

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

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...

OpenAI Explores Massive Funding Round at $750 Billion Valuation

OpenAI, the company behind the widely used AI chatbot ChatGPT, has reportedly entered preliminary discussions with investors about a potential new funding round that could value the company at approximately $750 billion....

Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools

Republican lawmakers are raising alarms over potential U.S. national security risks after a Reuters report revealed that Intel evaluated advanced chipmaking equipment from ACM Research, a company with significant ties to...