News

As traders eagerly anticipate the upcoming US inflation data, there is a sense of calm pervading the financial market. According to Citigroup Inc., the options market predicts that the S&P 500 Index could potentially move by 0.9% in either direction following the release of the consumer price index (CPI) figures on May 23. This…

Treasury Secretary Janet Yellen will visit Stafford County, Virginia to highlight the significance of investing in rural areas, following the implementation of broadband infrastructure funded by President Joe Biden’s American Rescue Plan and the Coronavirus Capital Projects Fund. Yellen will attend a Comcast high-speed internet installation site where almost 700 households have gained access…

Following its addition to the European Union’s list of companies subject to increased digital scrutiny, Booking Holdings, the parent company of popular travel booking website Booking.com, has been designated an “online gatekeeper” by the EU’s executive branch, the European Commission. This classification applies specifically to Booking.com, which meets the criteria outlined in the Digital…

China’s finance ministry has announced that it will commence the sale of highly anticipated long-term special treasury bonds worth one trillion yuan ($138.23 billion) this week, as part of Beijing’s efforts to stimulate critical economic sectors amid ongoing weakness. The bonds, which will span maturity periods of twenty, thirty, and fifty years, are scheduled…

The planned demolition of a significant section of the collapsed Francis Scott Key Bridge, which caused a cargo ship called the Dali to capsize almost seven weeks ago, has been postponed twice due to unfavourable weather conditions, including thunderstorms. Initially scheduled for Saturday, the demolition has now been moved to 5 pm Eastern Time…

As the trading day progresses, US equity futures continue to climb, following a string of gains in previous weeks. The S&P 500, which recently surpassed its 50-day moving average, has risen by 3.7% this month, with the Dow Jones Industrial Average set for a 40 point gain today. Markets are currently waiting for important…

Based on the latest information, US stocks are rising ahead of key economic data scheduled for release this week, with investors closely watching the Consumer Price Index (CPI) update for April. While recent hot inflation data has made markets more cautious, many believe that the report will indicate a faster descent and pave the…

As the week begins, markets continue to rise with the Dow Jones Industrial Average experiencing its best week in 2024 thus far, gaining 2.16% and marking its fourth consecutive weekly increase. Similar trends were observed for both the S&P 500 and Nasdaq Composite, which added 1.85% and 1.14%, respectively. Investors have expressed optimism following…

The recent appointment of Andrei Belousov, former minister of economic development, as deputy prime minister in charge of industry and trade by President Vladimir Putin has sparked speculation and raised eyebrows in military circles. This significant move marks a major shake-up in the Russian administration, following Putin’s constitutional reforms last year that allowed him…

According to economist and former dean of Columbia Business School Glenn Hubbard, the United States is failing to address the disruptions that will result from the rapid advancement of artificial intelligence (AI), which could stifle economic growth for years to come. While most business leaders, analysts, and economists agree that AI will play a…