Major technology stocks, which have driven much of the stock market’s remarkable gains over the past year, have experienced a significant downturn this week. This […]
Year: 2024
Indian Markets Plunge as BJP Falls Short in Election Results
Investors, who had largely priced in a decisive victory for the BJP, were met with a rude shock as the party failed to secure a strong mandate in the 2024 Lok Sabha elections.
U.S. Job Openings Plunge to Three-Year Low as Labor Market Cools
In a sign of a cooling labor market, U.S. job openings have fallen to their lowest level in over three years, according to the latest data from the Labor Department
Germany’s Economic Stagnation: IMF Warns of Aging Population Impact
Germany, the largest economy in Europe, is on a precarious economic path, facing potential stagnation due to its ageing population, warns the International Monetary Fund (IMF).
Labor Market Strengthens as Eurozone Unemployment Drops to 6.4%
In a significant development for the Eurozone, the unemployment rate has fallen to a historic low, underscoring the resilience of the labor market amidst ongoing economic challenges.
March Inflation Data Spooks Markets, Dampens Rate Cut Hopes
The Consumer Price Index (CPI), a key gauge of inflation, rose by 3.5% in March, surpassing the expectations of many economists.
China’s Economic Forecast Dims: Fitch Revises Outlook to Negative
In a significant move that signals growing concern over China’s economic trajectory, Fitch Ratings has revised its outlook on China’s long-term foreign-currency issuer default rating to ‘negative’ from ‘stable’.
Eurozone Inflation Cools, Edging Closer to ECB Target
The decline in inflation comes as a relief to the Eurozone, which has been grappling with soaring prices, largely driven by an unprecedented combination of shocks.
Yellen Signals Potential Tariffs to Counter Chinese Overproduction
Yellen’s comments come amid growing concerns over China’s economic practices, particularly its massive investment in industries where production is surging without adequate demand.
Trump Media & Technology Group Soars in Market Debut, Defying Financials
The stock, which trades under the ticker symbol DJT, opened at a strong position and continued to climb, reflecting the enthusiasm of individual investors, many of whom are supporters of Mr. Trump.