The European Central Bank’s (ECB) monetary policy meeting held on Thursday is expected to maintain interest rates at their current record high. However, investors seeking guidance on possible rate cuts are likely to be disappointed. The meeting, as suggested by economists at Société Générale, will primarily focus on reflecting on the upcoming year rather than
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Alphabet, the parent company of Google, has made the decision to sever its contractual ties with Appen, an artificial intelligence data firm. This comes as a surprise to Appen as the company had no prior knowledge of Google’s decision. The termination of the contract will take effect on March 19, with significant consequences for both
The global economy has proven to be surprisingly resilient in the face of sharp interest rate increases from central banks over the past two years. Despite the potential for a collapse, major economies, especially the United States, have managed to avoid a recession and maintain a strong labor market. This resilience has led to a
The possibility of Donald Trump returning to the White House has raised significant concerns for Ukrainian President Volodymyr Zelenskyy. In an interview with the U.K.’s Channel 4 News, Zelenskyy expressed worry over Trump’s claim that he could end Ukraine’s war with Russia within 24 hours, referring to it as “very dangerous.” This article delves into
In a recent escalation of tensions between Tehran and Tel Aviv, a missile strike carried out by Israel on a building in Damascus has further deepened the divide. The strike, which resulted in the deaths of five members of Iran’s elite Revolutionary Guards and an unspecified number of Syrian troops, has prompted Tehran to vow
In an impressive display of strength, the S&P 500 closed at an all-time high on Friday, signaling a resurgence in investor optimism. The broad market index soared 1.23% to settle at 4,839.81, surpassing the previous record intraday and closing highs set in January 2022. This remarkable achievement comes after a brief stumble at the beginning
In a surprising turn of events, tech companies, spearheaded by Apple, managed to pull the major averages into positive territory on Thursday. The Dow Jones Industrial Average experienced a comeback, adding 201.94 points or 0.54% after initially facing losses of 143.72 points earlier in the trading session. The 30-stock index closed at 37,468.61. The tech-heavy
Argentina’s President Javier Milei delivered a powerful message during his address at the World Economic Forum in Davos, Switzerland. He urged business and political leaders to reject socialism and instead embrace “free enterprise capitalism” as the solution to global poverty. Milei expressed his concerns about the Western world being co-opted by a vision that inevitably
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
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