On Tuesday, Asia-Pacific markets witnessed a decline, while Japanese stocks halted their record-breaking rally that had been ongoing since the beginning of the year. The Nikkei fell 0.72% in early trading after Japan’s corporate goods price index came in flat year-on-year, which was contrary to economists’ expectations of a 0.30% fall, according to a Reuters
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The European Central Bank (ECB) is considering defying market expectations and postponing interest rate cuts until 2024, according to Robert Holzmann, a member of the ECB’s Governing Council. This decision may come as a disappointment to those who anticipated a rate cut as early as April. Holzmann, the central bank governor of Austria, made these
London police apprehended six pro-Palestine activists on Sunday for their alleged plans to disrupt trading at the London Stock Exchange. The arrests were made following a tip provided by the U.K. newspaper, The Daily Express. The publication had sent an undercover reporter to infiltrate the Palestine Action group meetings where the protests were being coordinated.
China, known for its robust manufacturing sector and global trade dominance, experienced a significant setback in 2023 as its annual exports declined for the first time in seven years. Despite an increase in shipments in December that exceeded expectations, the overall trend points to a struggling economy. This article analyzes the implications of China’s falling
Investors have been showing a strong interest in technology stocks, particularly in the Asian tech hardware industry. Goldman Sachs, a prominent investment bank, has also expressed their bullish stance on this sector. In a recent note, they outlined the various opportunities for growth and success, including factors such as cyclical recovery, artificial intelligence, and geopolitical
In a recent report, investment firm Bernstein stated that 2024 “looks tough” for Tesla, particularly in terms of profitability. The firm believes that Tesla will struggle to achieve its target of growing deliveries by 20% in 2024 and 2025, which is well below the company’s goal of 50%. Furthermore, Bernstein predicts that Tesla’s margins and
The U.S. Securities and Exchange Commission (SEC) made a statement on Tuesday denying the approval of bitcoin exchange-traded funds (ETFs) amid a social media hack. A tweet from the SEC’s official Twitter account indicated that the agency had approved bitcoin ETFs for trading. However, the SEC quickly clarified that the tweet was unauthorized and that
Boeing, one of the world’s largest aerospace companies, experienced a significant decline in its shares in premarket trade on Monday. The drop in share value followed the news that the Federal Aviation Administration (FAA) had ordered a temporary grounding of dozens of Boeing 737 Max 9 aircraft. The FAA’s emergency airworthiness directive dictated that approximately
Congressional leaders have recently unveiled a $1.59 trillion spending deal as a race against time ensues to avoid a potential government shutdown. This painstakingly negotiated agreement aims to address the pressing needs of various federal agencies. However, with contrasting policies and party interests at play, the possibility of a shutdown remains a tangible concern. With
The Federal Aviation Administration (FAA) recently issued an emergency airworthiness directive, compelling airlines to ground more than 170 Boeing 737 Max 9 aircraft for thorough inspections. This directive comes in response to an incident where a panel on one of the aircraft blew out during an Alaska Airlines flight. Although no serious injuries were reported,