Economy

U.S. stocks closed on a mixed note as investors prepared for the Christmas holiday weekend. The market reacted to cooler-than-expected inflation data, which increased the likelihood of Federal Reserve interest rate cuts in the coming year. While the Nasdaq and S&P 500 ended in positive territory, the blue-chip Dow finished slightly lower. As the afternoon

The recent report from the Commerce Department on falling U.S. prices in November has raised concerns about inflation and its impact on the economy. The decline in prices, coupled with cooling underlying inflation pressures, has led to speculation about an interest rate cut from the Federal Reserve next March. This article will analyze the implications

China, as one of the world’s largest economies, has been grappling with the consequences of the COVID-19 pandemic. In an effort to revive its flagging economy, the country has announced a bond issuance and investment plan. Recently, the National Development and Reform Commission (NDRC) revealed the identification of a second batch of public investment projects.

President Joe Biden has taken a significant step in bolstering the country’s defense capabilities by signing into law the U.S. defense policy bill. This legislation, known as the National Defense Authorization Act (NDAA), authorizes a record-breaking $886 billion in annual military spending. Additionally, it outlines crucial policies aimed at addressing global challenges, such as support

In the midst of the holiday season, global stock indexes experienced mostly positive gains while the U.S. dollar reached a near five-month low. This trend was supported by recent cooler-than-expected U.S. inflation data, which further strengthened the belief that the Federal Reserve may reduce borrowing costs in the new year. As the market prepares for

The United States government, under President Joe Biden, has signed an executive order that threatens penalties for financial institutions aiding Russia in circumventing sanctions. This move is a part of Washington’s continued efforts to increase pressure on Moscow and slow down its war efforts. The executive order also grants the United States the authority to

The U.S. Federal Reserve has been facing a significant shift in its interest-rate-setting committee, with 2024 voting members leaning slightly more hawkish compared to their predecessors from 2023. However, this does not necessarily indicate a deviation from the anticipated pivot to interest-rate cuts in the coming year. In fact, as inflation shows signs of falling

The holiday season is one of the most anticipated times of the year for retailers and shoppers alike. However, recent data suggests that major retailers such as Macy’s, Target, and Ulta Beauty are offering smaller discounts and fewer markdowns in the days leading up to Christmas. This shift in the retail landscape has raised concerns

The dollar index, which measures the currency’s performance against a basket of major currencies, fell to a nearly five-month low as U.S. inflation data indicated a further slowdown in November. With annual inflation dipping below 3%, market participants now anticipate a U.S. interest rate cut in March. This article explores the implications of this data

The Toro Company recently announced its full-year fiscal 2023 earnings, revealing a mixed performance. The company reported net sales of $4.55 billion and adjusted diluted earnings per share of $4.21. While the professional segment showcased resilience with a 7% increase in sales, the residential segment experienced a significant decline of 20% due to weather and

Mexican President Andres Manuel Lopez Obrador recently affirmed his government’s dedication to strengthening measures to contain migration. This commitment comes in response to the United States’ urgency in addressing the escalating influx of individuals attempting to reach the U.S. border. Following a conversation with U.S. President Joe Biden, both leaders acknowledged the need for enhanced

Boqii Holding Limited, a prominent pet-focused platform in China, recently released its fiscal year 2024 first-half earnings report. Despite facing a notable decrease in revenue, the company has shown resilience in its private label business and improved operational efficiencies. Boqii reported a 34% year-on-year decline in revenue, reaching RMB389.4 million. Although this decrease is concerning,