Today: 16. Nov, 2024
In a stark warning that reverberated across financial markets, Jamie Dimon, CEO of JP Morgan Chase, cautioned that the world stands at the precipice of economic peril unseen since the aftermath of World War II. Dimon’s annual letter to investors painted a…
U.S. Treasury Secretary Janet Yellen has sounded the alarm on China’s burgeoning overcapacity in manufacturing, highlighting potential risks to the global economy. During her recent visit to China, Yellen’s remarks underscored growing concerns about the economic fallout from China’s excessive production capabilities.…
A recent study published in The Lancet medical journal has shed light on an impending global demographic shift that is poised to reshape economies and societies around the world. The study indicates that falling fertility rates in the majority of countries over…
Stocks maintained their upward trajectory on Thursday, with major indexes near record highs despite a notable dip in Apple’s stock following news of a lawsuit. The market’s enthusiasm stemmed from the Federal Reserve meeting and Fed Chair Jerome Powell’s remarks on Wednesday,…
The soaring trajectory of the United States stock market has sparked a heated debate among Wall Street strategists, with opinions sharply divided on whether the meteoric rise signifies a bubble about to burst. Even within Bank of America Corp., conflicting viewpoints from…
Amidst the chatter of a potential soft landing for the global economy, experts are sounding the alarm about looming threats that could potentially destabilize the world stage. While there’s been some initial optimism fueled by declining interest rates and soaring asset prices,…
Wall Street maintained its steady course around record levels on Thursday, buoyed by a blend of economic data that left investors cautiously optimistic. The S&P 500 edged up by 0.1%, mirrored by a similar rise in the Dow Jones Industrial Average, while…
US President Joe Biden delivered a spirited State of the Union address, touting the United States’ economic performance under his leadership as the “envy of the world.” Biden highlighted achievements such as record job creation and historically low unemployment rates, emphasizing the…
Wall Street faced a tumultuous day on Tuesday as major indices tumbled, marking the worst day in three weeks for the stock market. The S&P 500 fell by 1%, its second consecutive decline after hitting an all-time high last week. The Dow…
As China sets out its economic goals for the year 2024, discussions abound regarding the nation’s strategic direction amidst escalating tensions on the global stage, particularly in its relationship with the United States. The announcements made during a recent conference shed light…
