U.S. Banks Report Strong Q4 Profits Amid Investment Banking Surge
Jan 18, 2025 01:50 am UTC| Investing Research & Analysis
U.S. banks posted robust fourth-quarter profits, buoyed by strong performance in capital markets despite weaker loan demand. Industry giants like JPMorgan Chase and Goldman Sachs typically dominate investment banking, but...
Home ownership is slipping out of reach. It’s time to rethink our fear of ‘forever renting’
Jan 17, 2025 14:32 pm UTC| Insights & Views Life Investing
A wide range of voices in the Australian media have been sounding the alarm about the phenomenon of forever-renting. This describes a situation in which individuals or families are unable to transition from renting to home...
China's Refining Industry Faces Major Shakeup Amid Challenges
Jan 17, 2025 08:03 am UTC| Investing Business Research & Analysis
Chinas oil refining sector is bracing for significant disruptions as fuel demand peaks earlier than expected and Beijing targets inefficiencies. Analysts predict up to 10% of refining capacity could close within a decade,...
China’s Growth Faces Structural Challenges Amid Doubts Over Data
Jan 17, 2025 07:53 am UTC| Investing Research & Analysis
China achieved its 5% growth target in 2024, but the uneven performance highlights deepening structural issues. Industrial output outpaced retail sales, while unemployment rose, underscoring reliance on exports and...
Infosys Shares Drop Amid Earnings Quality Concerns
Jan 17, 2025 07:31 am UTC| Investing Business
Infosys shares fell nearly 6% on Friday, marking their largest one-day decline since July 2023. The drop followed concerns raised by analysts over the quality of earnings in its third-quarter report. By 11:49 a.m. IST,...
UK Markets Face Rising Volatility as Hedge Funds Target Pound and Gilts
Jan 17, 2025 07:28 am UTC| Business Investing Fund
UK investors are bracing for prolonged market turbulence as the pound, government bonds, and stocks suffer amid rising global borrowing costs. Once seen as recovering from post-Brexit stagnation, the UKs high-debt,...
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors
Jan 17, 2025 07:21 am UTC| Investing Business
The U.S. Trade Representatives (USTR) office has deemed Chinas dominance in the shipbuilding, maritime, and logistics sectors as unreasonable and actionable under U.S. trade law. The findings stem from a Section 301 probe...
Leonardo da Vinci’s incredible studies of human anatomy still don’t get the recognition they deserve
South African telescope discovers a giant galaxy that’s 32 times bigger than Earth’s