More Hikes Coming
Federal Reserve Chairman Jerome Powell expressed a firm stance on inflation, projecting multiple interest rate increases in the near future, potentially at an aggressive pace.
Go Deeper (3 min read)Where Is Inflation Heading?
Consumer inflation in the United States is showing signs of meaningful abatement. Gas prices have dropped, eggs cost about half as much as they did in January, and prices across a wide range of products are no longer climbing rapidly.
Go Deeper (3 min read)Eurozone Activity Slows
Preliminary data released on Friday indicates a slowdown in business activity growth in Europe, suggesting a challenging end to the second quarter.
Go Deeper (2 min read)Softbank To Charge Ahead
SoftBank Group's chairman and CEO, Masayoshi Son, announced on Wednesday that the Japanese investment firm is preparing to transition from a defensive stance to an offensive strategy,
Go Deeper (2 min read)Warming U.S. - China Relations
Secretary of State Antony Blinken engaged in discussions with China's top diplomat Wang Yi in an effort to prevent escalating tensions between the two rival powers from spiraling into conflict.
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The AI Bubble?
Jeremy Siegel, a well-known economist and professor at Wharton, remains optimistic about a potential Big Tech boom driven by artificial intelligence, despite concerns of a possible bubble forming.
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Paradigm-Shifting AI Assistants
Microsoft co-founder Bill Gates expressed his belief that the leading company in the field of artificial intelligence (AI) in the future will be the one that creates a personal digital agent capable of performing various tasks for individuals.
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EV Deliveries Plunge In China
Xpeng has projected that its vehicle deliveries for the second quarter will range between 21,000 and 22,000, indicating a year-over-year decline of approximately 36.1% to 39.0%.
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The Great Reshoring
With the outbreak of the COVID-19 pandemic, supply chain disruptions became prevalent, prompting several Western countries to initiate campaigns focused on reshoring and nearshoring.
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The streaming service recently disclosed that its more affordable ad-supported option has garnered five million monthly active users. Furthermore, in areas where this tier is available, approximately 25% of new subscribers are opting for it.
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Japan Is Back
The Topix Index in Japan has reached its highest level since August 1990, indicating the return of foreign investors. Year-to-date, the Tokyo Price Index has recorded a gain of over 6%.
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