The economic landscape in the United States is subject to dramatic shifts based on presidential policies, and recent proposals from Donald Trump concerning tariffs have raised significant concern among analysts and market observers alike. As Trump aims for a second term, his initiative to impose steep tariffs on imports could have lasting ramifications on companies
Economy
The U.S. economy, often lauded for its resilience, now finds itself at a critical juncture marked by various imbalances. While analysts from BCA Research suggest these discrepancies may not precipitate a severe recession, they warn that the indicators are significant enough to hint at an impending mild downturn. This article will delve into the pressing
In a shocking turn of events, Global Ikhwan Services and Business Holdings (GISB) has found itself embroiled in a scandal involving allegations of sexual abuse in charity homes reportedly affiliated with the organization. The controversy has not only tarnished the company’s reputation but has also reignited discussions regarding its historical connections to the Al-Arqam religious
In an intriguing turn of events in Japanese politics, Sanae Takaichi, who currently serves as the minister responsible for economic security, has taken a strong stance on the controversial issue of interest rates as she competes for leadership within the ruling Liberal Democratic Party (LDP). At a recent news conference that marked the gathering of
The discussion surrounding a U.S. Sovereign Wealth Fund (SWF) has garnered significant attention in the political landscape, spotlighting different visions proposed by both former President Donald Trump and current President Joe Biden. Each vision offers a unique perspective on how the U.S. could harness a SWF to further national interests and economic objectives. This article
In August 2023, China’s housing market experienced a significant downturn, with new home prices witnessing the steepest decline seen in over nine years. Data from the National Bureau of Statistics reveals that new home prices fell by 5.3% compared to the previous year, reflecting a worsening situation from the 4.9% drop recorded in July. This
As Asian markets gear up to conclude the week on a hopeful note, investors are reflecting on the significant rally on Wall Street that has provided a bullish tailwind. With key stocks such as the S&P 500 and Nasdaq climbing for four consecutive sessions, many Asian investors anticipate a similar sentiment as they prepare for
Asian shares bounced on Thursday, tracking a tech-driven rally on Wall Street. The dollar also held onto gains after U.S. core inflation surprised slightly on the upside, dashing hopes of a large rate cut by the Federal Reserve next week. The data showed that the core consumer price index rose 0.28% in August, higher than
Following the closely watched debate between Republican Donald Trump and Democratic Vice President Kamala Harris, Wall Street remained on edge as investors sought clarity on key policy issues. The combative debate covered topics ranging from the economy to immigration and legal woes, but left investors with few new details on issues that could impact markets.
China, known for having one of the lowest retirement ages in the world, is now facing a critical assessment of its retirement age policy. The National People Congress members recently discussed a plan to delay the retirement age at the 11th meeting of China’s Standing Committee meeting in Beijing. This move comes as a response
Shigeru Ishiba, the former Japanese defence minister and a candidate in the ruling party’s leadership race, emphasized the significance of completely exiting deflation for Japan. During a press conference outlining his policy pledges for the Liberal Democratic Party’s (LDP) leadership race, Ishiba highlighted the need for sustainable growth in real wages to achieve a full
After experiencing heavy losses the previous week, futures tied to Wall Street’s main indexes saw gains on Monday. This positivity was fueled by investor optimism surrounding the soft landing prospects for the U.S. economy. The upcoming crucial inflation report added to the hopeful sentiment in the market. In premarket trading, all megacap stocks showed positive