Deflationary Forces Build Up
Consumer prices in China approached the brink of deflation, intensifying the need for policymakers to implement additional stimulus measures to revive sluggish demand.
Go Deeper (3 min read)Threads, The Twitter Killer?
Meta Platforms, the parent company of Facebook, made a bold move on Wednesday by launching Threads, a direct competitor to Twitter.
Go Deeper (3 min read)Goldman Sachs Gets Out Of Consumer Banking
Goldman Sachs is currently engaged in discussions regarding the potential transfer of its Apple credit card and high-yield savings account products to American Express.
Go Deeper (3 min read)In a move aimed at safeguarding national security and preserving its interests, China's Ministry of Commerce declared on Monday that it would enforce export controls on certain metals extensively utilized in the semiconductor sector.
Go Deeper (2 min read)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.
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Travel Is Still Up Despite Recession Fears
Persistent inflation and higher interest rates have put a strain on many households, causing consumers to be cautious about certain expenses like home improvement projects and apparel.
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Uncertain Climate
The latest reports on jobs and inflation present a complex and nuanced outlook as the labor market continues its recovery from the profound shortages witnessed in the wake of the pandemic.
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June 2023 - Commentary
The surge in stocks in 2023 has been noticeably concentrated and spearheaded by prominent technology stocks, raising questions regarding the underlying reasons for this trend.
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Inflation, Rate Hikes & The Labour Market
The Labor Department reported a substantial drop in weekly jobless claims in May, which reversed earlier surges and brought them down from the highest level since October 30, 2021.
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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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