Sign In
News Digest /
World News
World News
06:59am, Monday, Apr 22, 2024
TikTok's parent company, ByteDance, faces impending legislation that could force it to divest its stake in the popular social media platform or face a ban in the U.S.
03:28am, Monday, Apr 22, 2024
Exploring the effects of Bitcoin's Friday, April 19, 2024, halving on prices, miners, and potential future market movements.
09:23am, Friday, Apr 19, 2024
Federal Reserve Chairman Jerome Powell's recent comments suggest that high inflation may delay any anticipated cuts in interest rates, complicating the housing market further for prospective homebuyers as mortgage rates climb above 7%.
04:43am, Friday, Apr 19, 2024
Apple Inc. has removed several major social media applications, including WhatsApp and Threads by Meta Platforms Inc., from its Chinese app store in compliance with directives from the Chinese government, citing national security concerns.
04:17am, Thursday, Apr 18, 2024
Growing optimism among investors suggests the US economy might avoid both recession and aggressive slowdown, trending towards a 'no landing' scenario despite persistent inflation challenges.
05:48am, Wednesday, Apr 17, 2024
LVMH's Q1 revenue dips but outlook stays positive with a 2.6% share increase and a strong Chinese market performance.
04:14am, Wednesday, Apr 17, 2024
Federal Reserve Chair Jerome Powell indicates that reducing inflation to the Fed's 2% target may take longer than anticipated, suggesting that interest rate cuts could also be delayed.
06:31am, Tuesday, Apr 16, 2024
Amid ongoing inflation concerns, investors are recalibrating their expectations for Federal Reserve rate cuts, with new predictions pointing to a potential first cut in September.
05:01am, Tuesday, Apr 16, 2024
Honda plans six new "Ye" branded EVs in China by 2027, aiming for 100% electric sales by 2035, amidst fierce competition.
04:13am, Monday, Apr 15, 2024
Global markets face heightened uncertainty as they await Israel's response to Iranian strikes, amidst fluctuating oil prices and looming Federal Reserve insights. European shares are expected to follow Asia's downtrend, influenced by rising geopolitical risks and the latest U.S. inflation data.
06:00am, Friday, Apr 12, 2024
Ruffer LLP reallocates two-thirds of its assets, totaling £22 billion, into cash due to concerns over impending US liquidity contraction and potential market downturn. Leveraging cash reserves, the firm invests in financial instruments to hedge against anticipated Wall Street crashes
05:53am, Friday, Apr 12, 2024
Zhang Dihua, the wife of Dawning Information Industry Co.'s chairman, Li Guojie, conducted secret trades worth $21 million during the company’s stock rally, profiting significantly without her husband's knowledge.
04:40am, Thursday, Apr 11, 2024
Asian stock markets exhibited a mixed response following a sharp rise in US inflation, impacting global financial dynamics. While some indices like Shanghai showed resilience, others, including Tokyo and Hong Kong, faced declines, reflecting varied regional reactions to the US economic outlook.
04:20am, Thursday, Apr 11, 2024
In March, inflation delivered a sharper bite to American households, driven by escalating gas prices and housing costs. This resurgence could signal the Federal Reserve's continued stance on high-interest rates, adding layers of complexity to the economic landscape.
05:30am, Wednesday, Apr 10, 2024
Fitch revises China's economic outlook to negative amidst increasing public finance risks. With debt levels rising and the economy transitioning, the move mirrors concerns about sustainable growth and fiscal health.
05:51am, Tuesday, Apr 09, 2024
As AI technology accelerates, U.S. businesses face the daunting task of complying with a diverse tapestry of state laws. This patchwork is causing uncertainty and complexity, calling for a cohesive federal approach.
07:58am, Monday, Apr 08, 2024
Ferrari collaborates with Bologna University & NXP Semiconductors to deepen its battery expertise without producing them.
04:40am, Monday, Apr 08, 2024
Oil prices witnessed a significant drop as Middle East tensions deescalated with Israel's strategic withdrawal from Gaza and ceasefire talks, ushering in a hopeful era for global markets.
04:33am, Monday, Apr 08, 2024
During a pivotal conference in Guangzhou, U.S. Treasury Secretary Janet Yellen spotlighted the challenges and global economic repercussions of China's excess industrial capacity, signaling a keen focus on collaborative solutions and sustainable growth.
10:01am, Thursday, Apr 04, 2024
Citi predicts further rises in cocoa and coffee prices amid adverse weather and high demand. Insights on future market trends and price forecasts.
08:22am, Wednesday, Apr 03, 2024
March sees Eurozone inflation fall to 2.4%, a drop more significant than forecasts predicted, signaling a potential easing cycle beginning as early as summer. This decline hints at a slow but steady journey toward stabilizing the economy.
06:21am, Tuesday, Apr 02, 2024
In a landmark settlement, Google agrees to delete billions of private browsing records and impose limits on tracking, addressing a class action lawsuit over privacy violations in Incognito mode.
05:58am, Tuesday, Apr 02, 2024
Former President Donald Trump's net worth nosedives by over $1 billion as Truth Social's parent company, Trump Media & Technology Group, reveals a $58 million loss and scant revenue in 2023.
05:09am, Friday, Mar 29, 2024
Sam Bankman-Fried, FTX's founder, faces a 25-year prison sentence for an $8 billion fraud, marking the end of his meteoric rise and fall in the cryptocurrency world.
05:25am, Thursday, Mar 28, 2024
FTX co-founder Sam Bankman-Fried faces a potential 110-year sentence for defrauding customers, investors, and lenders. As Manhattan federal Judge Lewis Kaplan prepares to deliver the verdict, the crypto world awaits the impact of one of its most significant legal reckonings.
04:30am, Wednesday, Mar 27, 2024
Donald Trump's media venture, Trump Media & Technology Group (TMTG), experiences a significant surge in its Nasdaq debut, with shares jumping by 59%. Closing 16% higher, the company's valuation nears $8 billion, despite modest revenues and operational losses, driven by strong supporter enthusiasm.
04:22am, Wednesday, Mar 27, 2024
Due to increased bank caution over U.S. sanctions, Russian oil firms encounter significant payment delays from China, Turkey, and the UAE. This move aligns with Washington's objectives to disrupt Kremlin revenues without hindering global energy supplies.
04:17am, Wednesday, Mar 27, 2024
In a significant diplomatic engagement, China's President Xi Jinping meets with prominent US executives and academics at the Great Hall of the People in Beijing, reinforcing dialogues amidst ongoing tensions over transparency and investment.
01:52pm, Tuesday, Mar 26, 2024
A major bridge collapse at the U.S. port of Baltimore disrupts traffic, impacting over 40 ships and key imports and exports flow. The incident underscores the port's vital role in global shipping, especially for automobile and agricultural product shipments.
08:13am, Monday, Mar 25, 2024
China intensifies its efforts towards technological autarky by implementing new guidelines to phase out US microprocessors from Intel and AMD in government computers. This move aims to bolster domestic technology amidst escalating US-China tensions.
05:41am, Monday, Mar 25, 2024
The Bank of Japan concludes its negative interest rate policy, a pivotal change influenced by robust wage growth negotiations. This strategic move, aimed at fostering sustainable inflation and economic growth, could reshape Japan's monetary landscape and the global financial market dynamics.
08:07am, Friday, Mar 22, 2024
Viking Therapeutics emerges as a significant player in the weight loss drug market, with its latest data suggesting a "best-in-class" potential.
10:42am, Thursday, Mar 21, 2024
Reddit's IPO prices at $34 per share, valuing the social media giant at $6.4 billion as it makes its NYSE debut. This move, anticipated amidst a tech IPO drought, reflects investor interest in tech and social media sectors.
05:14am, Thursday, Mar 21, 2024
Fed Chair Jay Powell announces plans to slow the quantitative tightening process, aiming to ensure financial market stability. This strategy adjustment seeks to carefully manage long-term interest rates and prevent market disruptions experienced in past efforts.
09:02am, Wednesday, Mar 20, 2024
Chipotle Mexican Grill (CMG) reveals a massive 50-for-1 stock split, sending shares soaring. Awaiting shareholder vote in June, the move aims to make shares more accessible and could influence trading dynamics.
04:30am, Wednesday, Mar 20, 2024
In its upcoming meeting, the Federal Reserve faces the challenge of updating economic projections without significantly altering the monetary policy outlook. Amid shifting expectations, a steady approach to rate cuts is anticipated, keeping a keen eye on inflation.
04:21am, Tuesday, Mar 19, 2024
Marking a significant economic shift, Japan concludes its negative interest rate policy, introducing a slight hike in short-term interest rates. This strategic move aims to foster a healthier economic cycle, reflecting moderate recovery and stronger wage-price dynamics.
09:50am, Monday, Mar 18, 2024
The SEC penalizes Delphia (USA) Inc. and Global Predictions Inc. for false AI usage claims, highlighting the growing regulatory scrutiny over the authenticity of artificial intelligence applications in finance.