Economy

In a noteworthy moment for Wall Street, the markets experienced a slight dip on Thursday as investors took stock of vital economic indicators in anticipation of the upcoming Federal Reserve meetings. The tech-heavy Nasdaq had recently surpassed the 20,000-point threshold for the first time, showcasing a remarkable rally primarily driven by technology stocks. Concurrently, the

Iberdrola, a prominent Spanish utility company, is reportedly exploring the sale of its smart metering division in the United Kingdom as part of a larger strategy to maximize its investments in energy infrastructure. Sources familiar with the matter indicate that Iberdrola is aiming to secure approximately £1 billion ($1.27 billion) from this sale. The initiative

European stock markets experienced a slight downturn on Thursday as investors positioned themselves for anticipated monetary policy changes from the European Central Bank (ECB). The pan-European STOXX 600 index, which had a promising start to the day, eventually fell by 0.1%. This decline reflects broader market apprehensions surrounding the economic landscape in the eurozone, marked

In November, the U.S. government recorded a striking budget deficit of $367 billion, a figure that marks a 17% increase from the same month the previous year. The surge in the deficit can primarily be attributed to calendar adjustments concerning benefit payments, which inflated outlays by nearly $80 billion compared to November 2023. The Treasury

In light of evolving economic conditions, major financial institutions are closely monitoring the U.S. Federal Reserve’s impending decisions regarding interest rates. The recent consensus among prominent brokerages, including Morgan Stanley and Goldman Sachs, suggests an expectation of a quarter-point interest rate cut during the Fed’s upcoming meeting scheduled for December. This forecast is particularly significant

In an unexpected turn of events, the Bank of Canada announced a significant reduction in its key policy rate by 50 basis points, bringing it down to 3.25%. This decision marks a departure from earlier positions that reinforced the need for continuous monetary easing to bolster economic growth. The latest move underlines a shift in

In a recent broadcast interview, President-elect Donald Trump emphatically expressed his decision to retain Jerome Powell as the Chair of the Federal Reserve, dismissing any notions of a premature dismissal. His clear statement, “No, I don’t,” when asked if he intended to replace Powell indicates a commitment to maintaining continuity at the helm of the

The recent decision by French media giant Vivendi to undergo a significant restructuring has sparked a mixture of enthusiasm and skepticism among market observers and investors alike. This corporate maneuver aims to separate major entities like Canal+, Havas, and the Louis Hachette Group into distinct firms. While the Bollore family, Vivendi’s primary shareholders, may believe

In recent market activity, the U.S. dollar has reached notable heights against the Japanese yen, signaling potential shifts in investor sentiment and market expectations. With traders poised for the upcoming U.S. inflation data release, there is a heightened focus on how this could influence the Federal Reserve’s monetary policy going forward. On a Tuesday morning,

As we approach December 12, 2023, the Swiss National Bank (SNB) is on the verge of crucial monetary policy decisions that are closely monitored by global economists and financial markets alike. With indications that a new policy rate cut is imminent, experts are assessing the implications for Switzerland’s economic landscape. A Reuters poll confirmed that

In the wake of President-elect Donald Trump’s indications regarding potential trade tariffs, there has been widespread speculation about the implications for the Eurozone economy. Trade tariffs, often implemented as protective measures, are designed to bolster domestic industries by discouraging imports through increased prices. However, the intricacies of such tariff policies can yield varied economic impacts

In recent discourse surrounding immigration policy, particularly under the Trump administration, there is a prevailing assumption that stringent immigration measures will lead to labor market tightening and subsequent inflation. However, a more nuanced perspective from BCA Research challenges this perception. Their analysis posits that while a reduction in labor supply may seem inevitable, it doesn’t