Surprising Q2 Growth
The U.S. economy demonstrated robust growth in Q2, with the gross domestic product (GDP) surging at an impressive annual rate of 2.8% from April to June, as reported by the Commerce Department. This...
Strangulation Sanctions
The recent US “strangulation” sanctions on foreign exchange have demonstrated their potency, causing a disruption in Russia’s payments to its allies. This has precipitated a significant drop in export volume...
Prime Minister Anwar’s Bold Move
In a recent revelation, Malaysia’s Prime Minister, Anwar Ibrahim, announced the country’s intent to join the BRICS, an influential group of emerging economies. This announcement ...
The Tipping Point
US restaurants are facing a dual challenge: high operational costs and customers who are increasingly watching their spending. Now, they’re making a compelling argument to voters: raising the minimum wage for millions of tipp...
China's Balancing Act
In 1989, following the Tiananmen Square incident, Deng Xiaoping's advice to the Communist Party was strategic and simple: "Hide your strength and bide your time." This counsel shaped China's foreign policy for years, emphasizin...
Eurozone Escapes Recession
The euro stabilized on Tuesday following the release of data indicating that the eurozone narrowly avoided a technical recession in the fourth quarter. Conversely, the U.S. doll...
U.S. Strikes
On a recent Thursday, the United States took action against a shipping company based in the United Arab Emirates, Hennesea Holdings Limited, for allegedly transporting Russian crude oil at prices ...
EV Tax Credits in Peril
Senator Joe Manchin, Chair of the Senate Energy and Natural Resources Committee, is calling on Congress to reconsider recent guidance from the Treasury Department on electric vehicle (EV) tax credits....
Fed's Bold Strategy Shift
For the first time in nearly two years, the Federal Reserve is set to keep its key short-term interest rate unchanged for a second consecutive policy meeting. This reflects a significant shift ...
Reviving US-China Business Ties
US Commerce Secretary Gina Raimondo's success in reopening business talks with Beijing eases tensions. Yet, American firms hesitate to recommit to the volatile Chinese market. Raimondo aims to restore commun...
Inflation Plummets
President Joe Biden's top economic adviser, Lael Brainard, delivered a speech to the Economic Club of New York, highlighting the positive impact of Biden's policies on the US econo...
Fed's Pause Sparks Panic Selling
Jim Cramer, a renowned CNBC expert, provided valuable investor insights on Wednesday concerning the recent Federal Reserve meeting. The Fed's announcement of a temporary rate hike pause, along with indications of pot...
Retailers Beware
The shifting landscape of consumer behavior has sparked concerns for the US economy, with major retailers such as Macy's, Costco, and Dollar General reporting notable changes in shopper preferences. These shifts in buying patterns a...
The looming danger
Regional and commercial bank stocks witnessed a significant decline in response to Treasury Secretary Janet Yellen's assertion of inevitable bank mergers, as reported by CNN. This article delves into the details of the market reac...
Stock futures soften ahead of CPI report
Stock futures in the US are trading lower on Wednesday as investors prepare for the release of the Consumer Price Index (CPI) report for April. The report is expected to shed light on whet...
The grocery perception problem
Perception is a powerful force, and in the world of grocery retail, it can drive customers away from even the biggest national and regional chains. You've probably heard it from friends and family: complaints about how...
Earnings season outlook
As the U.S. banking industry braces for its upcoming earnings season, investors are gearing up for a challenging outlook.
According to experts, a tough quarter is expected due to the fallout of the regional banking crisis an...
Stocks close higher
The US stock market closed out Friday's trading with gains in multiple sectors, including consumer goods, consumer services, and technology.
The Dow Jones, S&P 500, and NASDAQ Composite all ended the day with gains, up 1.26%...
Insights from the latest US economic report
The latest report from the Commerce Department provides insight into the state of the US economy, with data on inflation, personal income, and consumer spending.
Here's ...
Stock market on Friday
The US stock market ended Friday's trading with gains in the utilities, health care and consumer goods sectors.
At the close on the New York Stock Exchange, the Dow Jones was up 0.41 per cent, the S&P 500 was up 0.56 per ...
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