Tag: Economy

January 24, 2024

Kyle Schaefer is worried that his days as a fishing guide are numbered. He was one of five witnesses who appeared before the Senate Banking Committee on Wednesday to detail how climate change threatens the “blue economy,” a term that […]

January 23, 2024

After falling to multi-week lows last Wednesday, gold has recovered some ground in recent days; however, the rebound appears to be losing momentum, with prices approaching trendline resistance at $2,040. To gauge the future direction, it’s vital to see how […]

January 23, 2024

Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen. The MSCI’s broadest index of […]

January 22, 2024

In the rapidly evolving online grocery sector, Instacart (NASDAQ:CART), operating under the ticker EXCHANGE:CART, has garnered significant attention from Wall Street analysts. These industry experts have been closely monitoring the company’s performance, market trends, and potential impacts of external factors […]

January 19, 2024

EUR/USD lacked directional conviction on Friday, holding above its 200-day simple moving average at 1.0840. To boost sentiment towards the euro, this floor must remain intact, as a breach may lead to a decline towards 1.0770. If weakness persists, all […]

January 18, 2024

The US dollar has staged a solid rebound recently as traders have scaled back bets on how much the Fed will slash borrowing costs in 2024. A couple of weeks ago, markets were largely convinced that the U.S. central bank […]

January 18, 2024

Talking to Sky News on the fringes of the World Economic Forum in Davos, Jeremy Hunt said that while he has yet to see the fiscal numbers ahead of the March event, he is hopeful of reducing taxes. Sponsored link […]

January 17, 2024

Crude oil prices fell by more than a dollar per barrel on Wednesday as China’s growth data disappointed, raising more worries about end-demand for energy. The world’s number two economy expanded by an annualized 5.2% in the final quarter of […]

January 17, 2024

U.S. retail sales rose more than expected in December, boosted by an increase in motor vehicle and online purchases, keeping the economy on solid ground heading into the new year. The upbeat report from the Commerce Department on Wednesday, which […]

January 16, 2024

Wage growth has fallen sharply from 7.3% to 6.6%, while vacancies dropped further in the longest run of declines on record. The Office for National Statistics (ONS) said private sector regular earnings, excluding bonuses, rose by 6.6% in the three […]

January 16, 2024

German inflation rose to 3.7% in December, up from the prior 3.2% in November. The HICP measure rose to 3.8%, up from 2.3% in November. The rise in the data was preceded by numerous warnings by prominent ECB officials that […]

January 12, 2024

Bank of America shares fell 1.1% Friday after the firm reported declining fourth-quarter earnings amid hefty one-time charges. Here’s what the company reported compared to Wall Street expectations, according to LSEG, formerly known as Refinitiv: Earnings per share: 70 cents, […]

January 12, 2024

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices decline for certain items. Those pullbacks have largely been among physical goods rather than […]

January 11, 2024

Wall Street will be on high alert on Thursday when the U.S. Bureau of Labor Statistics releases its latest consumer price index report, as the data could guide the Federal Reserve’s next moves in terms of monetary policy and, therefore, […]

January 10, 2024

The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to tighten their belts, according to global investment figures shared exclusively with CNBC. The data from […]

January 10, 2024

The end of 2023 and the start of 2024 presents an environment that is broadly supportive of gold prices. Interest rates are expected to be cut back aggressively, as such, the US dollar and Treasury bond yields have been in […]

January 9, 2024

France stocks were mixed after the close on Tuesday, as gains in the Consumer Services, Healthcare and Industrials sectors led shares higher while losses in the Oil & Gas, Basic Materials and Aerospace & Defense sectors led shares lower. At […]

January 9, 2024

China’s overseas auto sales surged to a record last year, on track to surpass Japan as the world’s biggest car exporter and marking a tectonic shift for the global industry. While China has become acknowledged as a world leader in […]

January 5, 2024

The monthly US Jobs Report hits the screens today at 13.30 UK with expectations of a further hiring slowdown in nonfarm payrolls. The survey, representing around 486k individual worksites provides detailed data on employment, hours, and earnings. Today’s survey is […]

January 5, 2024

U.S. oil companies and refiners are likely to face another challenging 12 months in 2024, Bank of America (BofA) analysts wrote in a note on Friday, who expect Brent crude to average $80 per barrel this year. Crude futures lost […]