The recent assassination attempt on former President Donald Trump during a campaign rally in Pennsylvania has garnered widespread reactions from various analysts and investors. The incident, which left Trump with a wound on his upper right ear, has raised concerns about the potential implications on the upcoming election and the overall political landscape in the
Economy
The shooting incident at former President Donald Trump’s election rally in Pennsylvania has sent shockwaves through the political and financial world. Market analysts and investors are predicting that this event could potentially increase Trump’s chances of winning back the White House. The betting odds on his victory are expected to rise in the coming week
In a surprising turn of events, Elon Musk, the billionaire CEO of Tesla, publicly endorsed Donald Trump for the first time in the U.S. presidential race. Musk described Trump as “tough” and expressed his hope for the president’s rapid recovery. This endorsement marks a significant shift in Musk’s political stance, as he has previously donated
According to a report from the Washington Post, whistleblowers at OpenAI have taken the bold step of filing a complaint with the U.S. Securities and Exchange Commission. The complaint calls for an investigation into the artificial intelligence company’s allegedly restrictive non-disclosure agreements. The whistleblowers claim that OpenAI issued overly restrictive employment, severance, and non-disclosure agreements
Argentina is implementing a new strategy to combat inflation and stabilize its currency, the peso. Economy Minister Luis Caputo announced on Saturday that the central bank will start selling U.S. dollars in the country’s parallel foreign exchange markets. This move is aimed at freezing the country’s money supply and contributing to the disinflation process. Balance
The latest surge in the stock market saw the S&P 500 and Dow Jones Industrial Average hitting intraday record highs. This bullish performance was largely driven by optimism surrounding a potential interest rate cut by the U.S. Federal Reserve in September. Despite some mixed results from big banks, market giants like Apple and Nvidia bounced
The dollar faced a sharp decline against the yen for the second consecutive day, prompting speculation of Japanese intervention in the currency market. The global equities index, on the other hand, saw a rise as investor attention shifted towards potential interest-rate cuts by the U.S. Federal Reserve. Despite the producer price index (PPI) report showing
In the week ending July 5th, foreign investors showed a significant interest in Japanese stocks. They made substantial investments, with a net purchase of 916.05 billion yen, marking the highest weekly net purchase since January 12th. This surge in investment was attributed to the market rally and optimism regarding solid corporate earnings in the second
The recently elected Indonesian President, Prabowo Subianto, has announced a bold economic strategy that involves allowing the nation’s debt-to-GDP ratio to rise to 50%. This decision is contingent upon the administration’s ability to significantly increase tax revenues. According to Prabowo’s brother and adviser, Hashim Djojohadikusumo, Indonesia could maintain its investment-grade rating even with a higher
The dollar weakened on Wednesday as Federal Reserve Chair Jerome Powell hinted at potential interest rate cuts in the near future. Powell expressed a desire to see further declines in inflation before making any decisions. This comes ahead of the release of the consumer price index (CPI) data which is expected to show easing prices
In a recent speech to the Asia House think tank in London, Bank of England Chief Economist Huw Pill expressed caution regarding the possibility of an interest rate cut in August. Pill highlighted the strong price pressures in Britain’s economy, stating that services inflation and wage growth displayed “uncomfortable strength.” Despite headline inflation meeting the
Turkey’s Statistical Institute (TUIK) has been under scrutiny due to credibility concerns surrounding its inflation data. The institute faced criticism earlier this year when it admitted to not having historical data on product prices beyond May 2022 and stopped sharing it. This lack of transparency raised suspicions among economists and analysts. In an attempt to