China’s economic recovery has hit a bump, with official data showing that export growth in August was significantly lower than analysts had expected. The slowdown, […]
Author: Navid Singh
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.
Federal Reserve Signals Patience on Interest Rate Cuts Amid Inflation Concerns
In a recent statement that has rippled through financial markets, Federal Reserve Governor Christopher Waller has indicated that there is no immediate need to adjust interest rates, despite the latest inflation data not meeting expectations.
Jeff Bezos Cashes Out $2 Billion in Amazon Shares
The sale, which took place on Feb. 7 and Feb. 8, is part of a plan that Bezos announced last week to sell up to 50 million shares of Amazon over the next year, with an estimated market value of $8.4 billion.
Microsoft Overtakes Apple as World’s Most Valuable Company
The software giant’s market capitalization rose to $2.89 trillion at the close of trading, edging out Apple’s $2.87 trillion valuation. The last time Microsoft was worth more than Apple was in November 2021, when both companies briefly crossed the $1 trillion mark.
What’s Going On With the Apple Watch Ban?
Apple, the world’s most valuable company, is facing a potential ban on some of its popular smartwatches in the United States, after a trade tribunal ruled that they infringed on patents held by a medical device maker.
UK Seeks More Global Capital at Investment Summit
The summit, hosted by Prime Minister Rishi Sunak and Business Secretary Kemi Badenoch, aimed to attract greater global capital to UK companies and markets, as well as to highlight the country’s role as a science and tech superpower.
South Korea Stocks Surge Following Short Selling Ban
South Korean stocks soared on Monday after the government announced a full ban on short selling for about eight months, a move that aimed to curb illegal use of the trading strategy and protect retail investors.
Bank of Japan Struggles to Keep Yields Low Amid Global Rate Hikes
The Bank of Japan (BoJ) is facing mounting challenges as it tries to maintain its ultra-loose monetary policy amid a weakening yen and rising global bond yields.
Toshiba to Be Taken Private, Ending 74 Years of Stock Market History
Toshiba Corp is poised to end its 74-year history as a listed company after a majority of its shareholders agreed to a $13.5 billion buyout offer.