The Bank of Israel announced a 25 basis point cut in its benchmark interest rate on Jan. 1, bringing it down to 4.5%. This was...
Inflation Expectations Fall in Canada as Interest Rates Bite
The Bank of Canada’s latest surveys of businesses and consumers show that higher interest rates are having an impact on inflation expectations and economic activity....
China’s economic recovery faces headwinds from deflationary pressures
China, the world’s second-largest economy, is facing a challenging year ahead as it grapples with deflationary pressures amid weak consumer demand and rising debt levels....
Germany faces longest recession since 2000s as 2023 GDP contracts
Germany, Europe’s largest economy, suffered a 0.3% decline in gross domestic product (GDP) in 2023, marking the first year of negative growth since 2020. The...
BYD faces challenges as rivals catch up in China’s EV market
China’s leading electric vehicle maker, BYD, has seen its share price drop by more than 10% in the past year, as competition intensifies in the...
How China’s Cheap Exports Threaten U.S. Green and Tech Industries
The U.S. government is investing trillions of dollars to boost its domestic manufacturing of clean energy and high-tech products, hoping to create jobs and fight...
Lucid Motors appoints new European leader to boost its EV presence
Lucid Motors, the California-based electric vehicle (EV) maker, has announced the hiring of a new managing director for Europe. The company hopes to strengthen its...
China’s auto industry sets new records in 2023 amid global recovery
China’s auto industry achieved remarkable results in 2023, breaking the previous records of production and sales, as well as becoming the world’s largest vehicle exporter...
Tokyo’s Stock Market Surges to New Heights as Investors Bet on Economic Recovery
Tokyo’s stock market has been on a roll in the first two weeks of 2024, reaching new 34-year highs and closing in on the record...
How Inflation and Fed Policy Affect the Stock Market and Your Portfolio
Inflation is one of the most important factors that influence the performance of the stock market and your portfolio. Inflation measures the change in the...
Japan’s current account surplus hits record high in November
Japan’s current account surplus, one of the widest gauges of international trade, reached a record high of 1.93 trillion yen ($13.3 billion) in November, the...
Deutsche Bank explores potential mergers with European rivals
Germany’s largest lender, Deutsche Bank, is reportedly considering various merger and acquisition scenarios involving other European banks, such as Commerzbank and ABN Amro, according to...
How the Red Sea conflict is affecting the global oil market
Oil prices have been fluctuating in the past few weeks amid rising geopolitical tensions in the Middle East, where the war between Israel and Hamas...
US Dollar Retreats After Weak Producer Price Data
The US dollar index, which measures the greenback against a basket of six major currencies, gave up some of its earlier gains on Friday after...
Dow Jones Gains Despite Goldman Sachs Downgrade; Coinbase Suffers As Bitcoin Plunges
The Dow Jones Industrial Average climbed on Wednesday, shrugging off a negative rating for one of its components, Goldman Sachs (GS), as investors awaited inflation...
Bitcoin ETFs Get Green Light from SEC, But Crypto Fans Should Be Cautious
The US Securities and Exchange Commission (SEC) has finally approved the first exchange-traded funds (ETFs) that track the price of bitcoin, the world’s largest cryptocurrency...