Today: 21. Dec, 2024
Amazon’s digital commerce showed signs of resurgence in the quarter ending in June, despite broader economic lethargy and hesitant consumer spending in recent months. According to the company, this surge was credited to CEO Andy Jassy’s initiative to enhance the efficiency and…
The International Monetary Fund (IMF) has delivered an encouraging update on the state of the global economy, indicating stronger resilience than previously expected. However, amidst the progress, the IMF warns that inflation continues to be the biggest threat to sustained recovery. In…
Wall Street saw stocks advancing, contributing to the impressive streak that has propelled it to its loftiest point in over 15 months. By midday, the S&P 500 had risen by 0.3%, fresh off its highest finish since the start of April 2022.…
Wall Street exhibits a lack of direction this Monday as global stocks pause in response to disappointing signs of China’s faltering economy, the second-largest in the world. The S&P 500 remained stable during early trading, following its seventh successful week out of…
Wall Street continues to trend upward this Thursday, bolstered by the latest indications that inflationary pressure on the economy is gradually easing. As of midday trading, the S&P 500 rose by 0.6%, marking its seventh positive week in the last nine. The…
Renowned strategist David Roche has made a bold prediction, stating that the global economy is likely to dodge a recession. Roche suggests that central banks must adapt their approach to inflation targets to maintain stability. While economists express concerns about the impact…
The S&P 500 climbed 0.3% by midday trading, seemingly set for another uneventful day following a sluggish Monday. As of 11 a.m. Eastern time, the Dow Jones Industrial Average increased by 141 points, or 0.4%, to 34,085, while the Nasdaq composite advanced…
In efforts to bolster prices, Saudi Arabia and Russia, two of the globe’s most substantial oil producers, have resolved to continue reducing the volume of oil they export. This move illustrates their scramble to amplify fossil fuel income amidst weakened demand due…
The global economy is standing at a critical juncture, grappling with a combination of high inflation and financial fault lines that could have long-lasting repercussions on prosperity worldwide. As supply chains stabilize and central banks embark on monetary policy tightening, there is…
In a concerning turn of events, recent indicators point to a precarious state of the global economy, with China’s economic recovery showing signs of weakness and trade figures reflecting subdued global and domestic demand. Furthermore, interest rate increases in various countries are…
