Japan’s core consumer prices, which exclude fresh food but include energy costs, slowed down in July as the government’s energy subsidies and lower oil prices...
China’s Evergrande files for bankruptcy amid real estate crisis
China’s Evergrande Group, the world’s most indebted property developer, has filed for bankruptcy protection in a US court as it faces a severe liquidity crunch...
S&P 500 closes flat as energy and defensive stocks offset tech losses
The S&P 500 index ended the week nearly unchanged on Friday, as gains in energy and defensive sectors balanced out the weakness in megacap growth...
China’s EV makers face challenges in European market
China’s electric vehicle (EV) makers, which have dominated the sales rankings at home, are arriving in Europe with ambitious plans to expand their market share....
China’s Yuan Intervention: What You Need to Know
China’s central bank has been intervening in the currency market to support the yuan, which has been under pressure from a slowing economy, rising inflation,...
Food prices in India may rise further before they cool down
India is facing a surge in food prices due to various factors such as supply disruptions, weather shocks, global commodity trends, and domestic policy measures....
Gold Price Sinks as US Dollar and Treasury Yields Soar. What’s Next for XAU/USD?
Gold price has been on a downward trend since the beginning of August, as the US dollar and Treasury yields have risen sharply. The yellow...
Evergrande’s US Bankruptcy Filing: What It Means for China and the World
Evergrande, the Chinese property giant that has been struggling to repay its massive debts, has filed for bankruptcy protection in the US. The move, which...
NICE Reports Strong Q2 Results, Raises Guidance For FY23
NICE Ltd (NASDAQ: NICE), a leading provider of cloud-based solutions for customer experience, analytics, and compliance, announced its second-quarter financial results for fiscal year 2023...
Pound Sterling Rises Above 1.2760 Against US Dollar Amid UK Inflation Data
The British pound has gained some ground against the US dollar on Friday, trading above the 1.2760 level, as investors reacted to the latest UK...
Japan’s households hit by rising inflation in July
Japan’s core consumer price index (CPI), which excludes fresh food, rose 3.1% in July from a year earlier, down from 3.3% in June, according to...
Oil prices face downward pressure amid China’s economic slowdown and US rate hike expectations
Oil prices are likely to end their seven-week winning streak as the market faces headwinds from China’s weakening economy and the prospect of higher interest...
Grab These Office Chairs From Amazon At Huge Discounts
If you are looking for a new office chair or a gaming chair, you might want to check out the latest deals from Amazon. The...
The USD gains strength as US consumer spending and inflation data remain robust
The US dollar rose against most of its major peers on Tuesday, as the latest economic data showed that the US consumer spending and inflation...
S&P 500 Slides Below Key Support Level Amid Market Turmoil
The S&P 500 index, a benchmark for the U.S. stock market, fell below its 50-day moving average on Tuesday, a technical indicator that signals a...
Israel’s economy shows resilience amid pandemic challenges
Israel’s economy grew by an annualized 3% in the second quarter of 2021, according to the latest report by the Central Bureau of Statistics. This...