Argentina slashes benchmark rate to 32% amid ongoing inflation crisis
Argentina’s central bank announced on Thursday a dramatic cut in its benchmark interest rate, from 35% to 32%. This is the latest in a string of monetary measures by the…
Economy
998 posts
Who is David Sacks? Trump’s new crypto and AI ‘czar’
David Sacks, a prominent venture capitalist and former PayPal executive, has been appointed as the “White House A.I. & Crypto Czar” by US President-elect Donald Trump. Known for his deregulatory…
Gold reverses early losses to trade higher; copper climbs on tight supply concerns
Gold prices rose in the Asian trade on Friday as investors waited for cues from the release of the US non-farm payrolls data later in the day. Geopolitical tensions also…
Friday’s jobs report: likely outcome and why it may not stop Fed’s December rate cut
The US labor market is poised for a significant rebound in November, following October’s storm-induced slowdown. Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net…
Will the UK retaliate if hit by Trump tariffs?
The United Kingdom may face tough decisions on whether to retaliate against potential US tariffs under President-elect Donald Trump’s administration. Jonathan Reynolds, the UK’s business and trade minister, stated in…
Europe markets: Aviva’s bid boosts Direct Line, while FTSE 100 and DAX slip
European markets opened on a mixed note on Friday as investors digested a blend of corporate news and economic data. London’s FTSE 100 slipped by 0.13%, losing over 11 points…
Nasdaq and S&P 500 hit record highs on Salesforce, Marvell gains
US equity benchmarks rose on Wednesday led by gains in technology shares such as Salesforce and Marvell Technology. At the time of writing, the Dow Jones Industrial Average was up…
Why did Michel Barnier’s government in France collapse?
France’s political landscape was thrown into disarray as Michel Barnier’s government, which lasted just three months, collapsed after a dramatic no-confidence vote in the National Assembly. At the heart of…
US economy cools, but inflation remains a worry: key takeaways from Fed survey
The Federal Reserve’s latest Beige Book, a compilation of anecdotal economic data from across the country, paints a picture of modest growth with persistent inflationary pressures. Released on Wednesday, the…
Why is South Korean President Yoon Suk Yeol facing impeachment?
South Korean President Yoon Suk Yeol is on the brink of impeachment after his controversial decision to briefly impose martial law, marking a pivotal moment in the country’s political history.…