Retaliation Promised: Biden's Response to Drone Attack in JordanPresident Joe Biden vowed a response following a drone strike in northeast Jordan near the Syrian border, which resulted in the deaths of three American troops. The strike, attributed to Iran-backed militias, marks a significant escalation after several attacks against U.S. forces in the Middle East. This incident occurred amidst the ongoing Israel-Hamas conflict. Biden’s […] READ MORE Evergrande's Liquidation: A Significant Turn in China's Property CrisisThe Hong Kong court has ordered the liquidation of the heavily indebted Chinese real estate giant, Evergrande. Judge Linda Chan’s decision came after Evergrande’s repeated failures to present a viable plan for restructuring its overwhelming debt, exceeding $300 billion. This ruling marks a crucial development in China’s real estate sector crisis, although its impact on […] READ MORE Anticipation Ahead of Fed Meeting Leads to Decline in Treasury YieldsU.S. Treasury yields witnessed a decline on Monday, influenced by investor anticipation of the Federal Reserve’s interest rate decision and upcoming key economic data. The 10-year Treasury yield saw a drop of 6 basis points to 4.098%, while the 2-year Treasury yield decreased by 3.9 basis points to 4.33%. This movement comes after the release […] READ MORE U.S. Economy's Fate Tied to Federal Reserve's DecisionsThe durability of the U.S. economic expansion may largely depend on the Federal Reserve’s strategy in the coming months. Historically, crises like stock market and housing crashes, and pandemics have disrupted economic growth. Currently, the Fed’s challenge is to adjust interest rates adeptly to maintain economic momentum. Despite a decline in inflation, there’s debate on […] READ MORE China's Growing Gold AppetiteIn this week’s Market Wrap Podcast with Mike Gleason, the focus is on China’s escalating gold purchases against a backdrop of seemingly positive economic data and stock market highs. Despite a reported 3.3% growth in the U.S. GDP for the fourth quarter, there’s skepticism about the sustainability of this growth, with projections of a potential […] READ MORE LVMH Shines with Record Revenue in Jewelry SalesLouis Vuitton Moët Hennessy (LVMH) has reported a remarkable financial year, achieving a record revenue of €86.15 billion, a 9% increase despite a sales slowdown in the latter half. The luxury group’s success was bolstered by the reopening of Tiffany & Co’s iconic New York store and the acclaim for Louis Vuitton and Christian Dior’s […] READ MORE U.S. Economy Triumphs: U.S. Growth During a Global SlowdownThe U.S. economy stands out as a beacon of resilience and growth in a world where other major economies like Europe, China, and Japan are facing challenges. Despite the hurdles of the pandemic, high inflation, and international conflicts, the U.S. has shown a remarkable recovery, eclipsing its major trading partners. The economy not only bounced […] READ MORE World Economic Forum (WEF) in Davos: The PolycrisisIn the 2024 World Economic Forum in Davos, global leaders grappled with what’s termed a “polycrisis,” encompassing escalating geopolitical tensions, economic challenges, and climate change impacts. The interconnected nature of these crises, such as the impact of Houthi attacks on global shipping and drought-induced shipping limitations through the Panama Canal, exemplify how multiple crises are […] READ MORE A Pivotal Week for Stock Markets: Earnings, Fed Decisions, and Job ReportsThis week is pivotal for stock markets, with a series of significant events on the horizon. Major tech giants like Microsoft and Apple are set to release their earnings reports, which could influence market dynamics. Additionally, the Federal Reserve’s interest rate decision is eagerly awaited, with potential implications for future rate cuts. Moreover, the release […] READ MORE « Previous 1 … 69 70 71 72 73 … 78 Next »
