Browsing: Business
UK wages rose 6% in November, defying expectations, but jobless claims rose. The Bank of England faces mixed signals as it considers interest rate cuts amid economic uncertainty.
Germany’s DAX surpassed 20,000 points, a record high, even as the country’s economy faces recession, job cuts, and political instability, reflecting strong investor confidence in global markets.
The Dow surged 244 points as President Trump’s softer tariff approach reassured investors, with major indices rising on tempered fears over potential trade conflicts.
Beijing struggles to stabilize the yuan as Trump tariffs and a strong U.S. dollar intensify pressures on China’s economy, raising global concerns about financial and trade stability.
U.S. markets soar with record gains in 2024, driven by Federal Reserve cuts, tech dominance, and robust earnings, but risks loom as Trump’s policies and high valuations shape 2025 outlook.
The OPEC Fund has committed $30M to co-finance Africa’s largest onshore wind power project in Egypt’s Gulf of Suez, expected to power 1M homes and cut emissions by 2.5M tons annually.
Quantum computing stocks rallied after Microsoft urged businesses to prepare for a “quantum-ready” era by 2025, sparking optimism and lifting shares of Rigetti, IonQ, and D-Wave Quantum.
Stock futures advanced Tuesday as traders await two key inflation reports, including PPI and CPI, expected to influence the Federal Reserve’s rate decisions and broader market direction.
Moderna stock dropped 18% after the company slashed its 2025 revenue forecast by $1 billion, citing declining COVID vaccine demand, market competition, and other financial challenges.
The 10-year Treasury yield hit a 14-month high as investors await inflation reports, with key data on producer and consumer prices expected to influence Federal Reserve policy.