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Expected December Employment Report: Job Growth Slows, but Wages and Unemployment Hold Steady

Jan 10, 2025 03:03 am UTC| Economy

The Non-Farm Employment Change report is due for the December 2024 period and is expected to be released today, January 10, 2025, at 8:30 AM ET. The consensus among forecasters is that new jobs added came in at about...

Global Markets Poised for Growth But Priced for Perfection

Jan 10, 2025 02:21 am UTC| Economy Business Investing

Global stock markets are entering 2025 with optimism, but Goldman Sachs warns they are now priced for perfection, leaving room for potential corrections. Inflation and interest rate concerns that dominated 2022 and 2023...

China's Inflation Struggles: December CPI Signals Deflationary Concerns Amid Weak Demand

Jan 09, 2025 07:45 am UTC| Economy

Chinas CPI for December 2024 was reported to have come in at a yearly growth of 0.1%, which matched market expectations yet fell short of the November reading of 0.2%. The slight fall has continued to depress inflationary...

Mizuho Reveals January US Top Picks: Chewy, GE Vernova, and More

Jan 09, 2025 07:23 am UTC| Economy Business

Mizuho has unveiled its January US Top Picks, spotlighting Chewy, GE Vernova, Enliven Therapeutics, Quest Diagnostics, DuPont, and Salesforce. These companies align with Mizuhos high-conviction investment ideas, driven by...

RBC Upgrades Utilities Sector While Downgrading Energy

Jan 09, 2025 07:21 am UTC| Economy Business

RBC Capital Markets has upgraded the Utilities sector to Overweight, naming it the top defensive sector, while downgrading Energy to Market Weight. The decision follows a survey of RBCs US analysts, which revealed...

Stock Futures Rise Amid Economic Data and Earnings Warnings

Jan 09, 2025 07:12 am UTC| Economy Investing Research & Analysis

US stock futures edged higher Wednesday, signaling a possible rebound after Tuesdays dip driven by strong economic figures. By 03:27 ET, SP, Nasdaq, and Dow futures rose 0.2% each. The previous session saw declines as...

Morgan Stanley’s Wilson Predicts Choppy Start, Brighter Second Half for 2025

Jan 09, 2025 07:12 am UTC| Economy Research & Analysis Business

Morgan Stanleys Chief US Equity Strategist, Mike Wilson, forecasts a volatile first half of 2025, with recovery prospects improving in the latter half. Speaking to Bloomberg Television, Wilson noted that recent stock and...

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Economy

Fitch Eyes Japan Budget for Fiscal Discipline

Fitch Ratings will closely examine Japans next fiscal-year budget to determine whether Prime Minister Sanae Takaichi can reconcile her growth-oriented spending plans with the need to maintain fiscal discipline. Jeremy...

ECB Rate Hike in Focus as Oil Tops $100

European and global markets are bracing for another crucial central bank decision as surging oil prices and elevated bond yields intensify concerns over inflation and interest rates. The European Central Bank is expected...

U.S. Stock Futures Steady as Oil Tops $100 Ahead of Inflation Data

U.S. stock futures were largely steady Wednesday evening as investors remained cautious amid rising Treasury yields, oil prices above $100 a barrel and upcoming U.S. inflation data that could influence the Federal Reserves...

China Buys 1 Million Tons of U.S. Soybeans Ahead of Xi Visit

China purchased about 1 million metric tons of U.S. soybeans this week, accelerating agricultural trade between the two countries ahead of Chinese President Xi Jinpings planned visit to Washington later this month. The...

Asian Stocks Fall as Oil Tops $100, Yields Rise

Asian stock markets declined broadly on Thursday, led by losses in technology shares as investors weighed oil prices above $100 a barrel, elevated U.S. Treasury yields and upcoming U.S. inflation data. The regional...

Politics

Trump’s Iran War Draws ‘Forever War’ Comparisons

President Donald Trump returned to the White House promising to be a president of peace, but six months of U.S.-Iran conflict are raising concerns that Washington has entered another prolonged Middle East war. As the 25th...

CIA Chief Ratcliffe May Take Bigger Role in Ukraine Peace Talks

CIA Director John Ratcliffe could take on a larger role in U.S.-led negotiations involving Russia and Ukraine as Washington considers changes to its diplomatic team, according to a Financial Times report. U.S. officials...

US Caribbean Vessel Strike Kills Three

The U.S. military said three people were killed Wednesday after American forces struck a vessel in the Caribbean Sea, marking the latest attack in Washingtons campaign against suspected drug-trafficking operations. U.S....

US Grant Program Excludes French Groups Ahead of 2027 Election

A U.S. grant program supporting organizations aligned with Trump administration priorities in Europe will reportedly exclude French groups amid concerns about foreign interference ahead of Frances 2027 presidential...

Russian Drone Strikes Hit Ukraine-Moldova Border, Kyiv and Sumy

Russian drone attacks struck cities and critical logistics routes across Ukraine, killing civilians and damaging a key border crossing with Moldova as Moscow intensified pressure on Ukrainian infrastructure and trade...

Science

Blue Origin New Glenn Explosion Could Delay Launch Operations Until 2028

Blue Origin is facing a significant setback after a dramatic explosion involving its New Glenn rocket severely damaged a launch pad at Cape Canaveral, Florida. According to NASA Administrator Jared Isaacman, repairs to the...

Blue Origin New Glenn Rocket Explodes During Launch Pad Test, Delaying Space Ambitions

Blue Origin suffered a major setback after its uncrewed New Glenn rocket exploded during a launch pad test in Florida on Thursday, raising new challenges for Jeff Bezos space company as it competes with Elon Musks SpaceX...

SpaceX Delays Starship V3 Launch Ahead of Potential Record IPO

SpaceX on Thursday postponed the highly anticipated launch of its 12th Starship rocket test from Texas after technical issues interrupted the final countdown. The company now plans to attempt the Starship V3 launch again...

Trump Administration Releases New UFO Files and Apollo Mission Records

The U.S. Defense Department has released dozens of previously classified UFO-related files following an order from President Donald Trump, sparking renewed debate over unidentified anomalous phenomena (UAP) and government...

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

Technology

Nvidia Plans 2GW Australia AI Data Center Expansion by 2027

Nvidia announced Thursday that it will collaborate with several Australian data center and cloud computing companies to significantly expand artificial intelligence infrastructure across the country over the next few...

Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe

The U.S. Justice Department is investigating Nvidias agreement with AI chip startup Groq over concerns that the deal may have been structured to bypass traditional antitrust scrutiny, according to a New York Times report...

Apple Unveils $1,999 Foldable iPhone Duo

Apple has officially entered the foldable smartphone market with the launch of the iPhone Duo, a $1,999 premium device unveiled Wednesday during the companys annual September product event. The iPhone Duo, Apples first...

OpenAI Targets Specialized Industries as Enterprise AI Demand Grows

OpenAI is expanding its focus on specialized industries such as chip design, life sciences and financial services while lowering AI model prices to compete with cheaper open-source alternatives, Chief Financial Officer...

Kioxia Rules Out SK Hynix Manufacturing Partnership

Kioxia Holdings CEO Hiroo Ota has ruled out closer manufacturing cooperation with South Korean memory chipmaker SK Hynix, pointing to antitrust concerns and complications involving Kioxias existing production partnership...
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