Despite concerns about a potential economic slowdown, the U.S. delivered strong third-quarter growth driven by factors like wage increases and high consumer spending, while the Federal Reserve remains watchful of inflation measures and the job market.
On Thursday, the U.S. stock market took a nosedive, mainly because of technology and technology-related giant companies’ shares. This happened as investors tried to make sense of the mixed quarterly earnings reports and signs that the economy is holding up well, which might make the Federal Reserve maintain high interest rates for longer than expected. … Read more
Discover why oilfield service companies like Halliburton and Schlumberger are showing promise despite a recent dip in their stock prices, as they ride the wave of a global supercycle and potential future growth.
In a significant move to combat soaring inflation, Turkey’s central bank raised interest rates by 5 percentage points, reaching 35%, while President Recep Tayyip Erdogan shifted towards more conventional economic policies, resulting in a shift from his previous push for lower interest rates.
Stock Futures in the United States, as well as European and Asian Stock Markets, Experience Declines. European Banks Experience Significant Declines, with Standard Chartered Dropping Up to 17%. Oil Prices Decline, While Gold Approaches Its Highest Level in Five Months.
In a recent development, Israel’s ground forces have entered Gaza with the potential for a ground invasion, intensifying the ongoing conflict with Hamas, while concerns grow over civilian casualties, humanitarian supplies, and international diplomatic efforts to mitigate the crisis.
In the past year, Vietnam’s real estate industry has faced significant challenges, including developers failing to make interest payments on their debts. This situation was exacerbated by government actions that came at an inopportune time, causing a credit crunch. Fortunately, the negative impact on the broader economy has been limited. Last month, the real estate … Read more
Since late 2022, Beijing has upped its investments in homegrown technology. It’s probable that the telecommunications and banking sectors will be encouraged to adopt more Chinese products in the near future. Substituting Western technology as a response to geopolitical concerns and cybersecurity fears.