China Industrial Production Beats Expectations in October, Retail Sales Rise
Chinese industrial production grew more than expected in October, while retail sales also rose past expectations.
Eurozone Retail Sales Declined 2.9% YoY in September vs. -3.2% Expected
According to the official data released by Eurostat on Wednesday, November 8, Eurozone’s Retail Sales dropped 0.3% MoM in September as against a 0.7% fall in August.
Fed Holds Interest Rates Steady For Second Meeting In A Row—As Rate Hikes Weigh On Markets
The Federal Reserve again decided to keep interest rates at the same level, the central bank announced Wednesday, though rates remain at their highest level since 2001, causing sweeping effects on the economy.
Bitcoin Readies For Another Jaunt North, Pulls Cathie Wood's ARKK Higher
Bitcoin (BTCUSD) was spiking up over 2% during Wednesday’s, October 25, trading session, and attempting to break above Tuesday’s day high amid increased optimism that a spot Bitcoin ETF will gain SEC approval.
Netflix Price Increasing Again Thanks To One Emerging Strategy
Netflix (NFLX) reported its Q3 earnings after the closing bell on Wednesday, October 18th.
Microsoft Reportedly Plans to Buy Activision Blizzard This Week
Microsoft’s (MSFT) long-running bid for Activision Blizzard (ATVI) reportedly ends during this week with the imminent completion of its $69 billion buyout of the company behind Call of Duty.
Palantir Climbs Higher Following $250M Government Contract: The Bull, Bear Case
Palantir confirmed a new uptrend on Wednesday by forming a higher high.
Brazil’s Economy Grows More Than Expected as Interest Rate Falls
Brazil’s central bank recently lowered its interest rate by 50 basis points to 12.75% making its second consecutive rate cut.
ECB Delivers 10th Hike as Lagarde Won’t Quite Confirm Rate Peak
On Thursday, September 14, The European Central Bank raised interest rates for the 10th consecutive time as President Christine Lagarde signaled a shift in gear that could mean the peak has been reached.
Why America's Deficit Doubled to $2 Trillion in One Year
The United States government will run a deficit of around $2 trillion, double last year's number, for the fiscal year that ends in just over three weeks.
U.S. Consumer Spending Accelerates, but Declining Savings a Concern
U.S. consumer spending increased by the most in six months in July as Americans bought more goods and services
Swiss Giant UBS Posts Record Q2 2023 Net, but Most Comes from Acquisition Related Negative Goodwill
Since the completion of the acquisition of Credit Suisse by Switzerland's largest bank, UBS (UBS) has posted a profit of $28.88 billion in Q2 2023.
Fed, Economists Make Course Correction on U.S. Recession Predictions
The first two quarters of 2022 had seen U.S. economic output contract at a 1.6%
Thailand’s 2023 Inflation Forecast to Be 1-2%, the Lowest in ASEAN
Thailand’s inflation rate is the lowest among the seven ASEAN countries which have already announced their rates