Tycoon Elon Musk’s arrival on the Indonesian island of Bali has sparked excitement over the planned launch of SpaceX’s Starlink internet service. The Indonesian government is hopeful that this initiative will boost internet penetration and improve health services in remote parts of the sprawling archipelago. Chief investment minister Luhut Binsar Pandjaitan welcomed Musk’s arrival by
Economists are predicting a slight decrease in the Jibun Bank Services PMI for May, indicating a potential slowdown in economic activity. While this data is important, investors should also pay attention to sub-components such as input prices, employment, and new orders to get a clearer picture of the overall economic health of Japan. Inflation figures
The U.S. Securities and Exchange Commission is facing a crucial decision next week regarding the approval of ether exchange-traded funds. However, industry experts like Ric Edelman, from the Digital Assets Council of Financial Professionals, believe that the current lack of an all-encompassing regulatory framework for all cryptocurrencies will lead to the SEC’s failure in approving
Japan’s Nippon Steel is pushing forward with its planned purchase of U.S. Steel, despite facing resistance from various stakeholders. Vice Chairman Takahiro Mori is set to travel to the United States next week to engage in dialogues with key players involved in the deal. This visit is part of continued efforts to gain a better
As investors, it is crucial to navigate the vast amount of information available to us with caution. The content provided on websites can often be biased or incomplete, leading us to make decisions based on misinformation. It is important to understand that the opinions and analysis presented on websites are subjective and may not always
The recent restructuring of the European Union fiscal framework, which was put into effect on April 30, has raised concerns among analysts at Bank of America Securities. They argue that the new rules could potentially constrain the budgets of many EU member states, making it difficult for them to make critical investments. This move is
Silver (XAGUSD) has been showing signs of a rally in an impulsive structure from the low on 10.3.2023. This indicates a bullish momentum in the short term. Wave (1) ended at 25.91, followed by dips in wave (2) that ended at 21.94. The metal then surged higher in wave (3) towards 29.79, showcasing a positive
Silver recently surpassed $29.8, marking a new high from January 2021, but it encountered selling pressure at this level, leading to a pullback to $29.40. Despite this, silver does not appear to be overbought yet, with the RSI on daily timeframes just entering overbought territory. In the past month, silver experienced a three-week period of
According to the median estimate of seven analysts in a recent straw poll, the Bank of Canada is willing to cut interest rates three times before the Federal Reserve makes its first move. The decline in the Canadian dollar relative to the U.S. dollar has raised concerns about its impact on the inflation outlook, prompting
European Central Bank (ECB) Board member Isabel Schnabel recently made comments suggesting that the central bank may consider cutting interest rates in June. However, Schnabel also emphasized the need for policymakers to closely monitor the data before making any decisions, as there is a risk of easing prematurely. This uncertainty surrounding the timing of rate
The recent surge in Walmart’s stock prices fueled by the spending habits of higher-income consumers may not be as sustainable as it seems. While these affluent shoppers have contributed to Walmart’s strong quarterly results, former Walmart U.S. CEO Bill Simon raises a critical point about the potential challenges the retailer may face in the future.
China recently reported data for the month of April that indicated slower growth in retail sales. Retail sales only rose by 2.3% from a year ago, falling short of the 3.8% increase expected. This slower growth in retail sales could be a sign of weakening consumer demand, which is a concerning trend for the economy.