Federal Reserve officials are facing a puzzling situation regarding inflation in the United States, as highlighted by Julian Howard, lead investment director at GAM. According to Howard, it seems like the Fed officials are clueless about the inflation scenario in the country. Despite calls for patience in considering interest rate cuts, policymakers are struggling to
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The Asia-Pacific markets saw a mixed day on Tuesday, primarily influenced by the performance of tech stocks in the U.S. Nvidia, a leading semiconductor company, received a boost after several bullish analyst calls emphasizing its strong market position. This led to a more than 2% increase in Nvidia’s shares and raised price targets from Wall
As Asia-Pacific markets mostly rose on Monday, investors are eagerly awaiting economic data from across the region this week. China has decided to keep its one- and five-year loan prime rates unchanged at 3.45% and 3.95%, respectively. This decision came after China implemented measures to boost its property market, especially since the five-year LPR is
The recent crash landing of a helicopter carrying Iranian President Ebrahim Raisi has raised concerns about the safety of the passengers on board. With harsh weather conditions and heavy fog in the area, rescue efforts have been hindered, making it difficult for at least 40 teams to reach the crash site. Despite the deployment of
In a shocking turn of events, Benny Gantz, a centrist member of Israel’s War Cabinet, has threatened to resign from the government if a new plan for the war in Gaza is not adopted within three weeks’ time. This ultimatum puts Prime Minister Benjamin Netanyahu in a delicate position, potentially leaving him more reliant on
Chet Kapoor, the current CEO of DataStax, had humble beginnings in Silicon Valley as an intern at NeXT, a software company founded by tech icon Steve Jobs. Kapoor, who idolized Jobs since his teenage years, found himself working just yards away from the visionary leader. Despite starting off as an intern tasked with making coffee,
Meta, the parent company of Facebook, is currently under investigation by the European Union for potential breaches of the bloc’s strict online content law related to child safety risks. The European Commission has expressed concerns about the impact of Meta’s platforms, including Facebook and Instagram, on children, such as the stimulation of behavioral addictions and
The news of the assassination attempt on Slovakian Prime Minister Robert Fico has sent shockwaves across the continent. The 59-year-old populist leader was shot multiple times and is currently in a life-threatening state. Fico was reported to have been shot and wounded in the abdomen after a government meeting in the central Slovakian city of
Alibaba, the Chinese giant, experienced a significant drop in its net profit during the fiscal fourth quarter, leading to a decline in its share price. In comparison to the LSEG consensus estimates, Alibaba reported a revenue of 221.9 billion yuan, slightly higher than the expected 219.66 billion yuan. However, the net income attributable to ordinary
The Asia-Pacific markets saw a mixed performance on Monday as investors digested China’s latest inflation data. The consumer price index in China rose by 0.3% year on year, surpassing earlier estimates of a 0.2% increase. However, the producer price index dropped by 2.5% year on year, which was more than the anticipated 2.3% decline. This