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U.S. consumer sentiment index rises in February

Feb 27, 2018 21:21 pm UTC| Commentary

Consumer sentiment in the U.S. reached a multi-year high in February. The Conference Boards index of consumer confidence rose to 130.8 in the month, the highest since the end of 2000. The index rose above expectations,...

U.S. home price appreciation continues to be stable in December

Feb 27, 2018 21:20 pm UTC| Commentary

Home price appreciation in the U.S. remained stable in the month of December. The data released today indicated a modest rate of home price appreciation in the month. The FHFA purchase-only House Price index rose 0.3...

Euro area economic sentiment index falls in February, euro area economy likely to grow 0.6 pct in Q1

Feb 27, 2018 20:33 pm UTC| Commentary Economy

The Euro area Commissions February survey adds to evidence of moderation in growth momentum since the turn of the year. The headline euro area economic sentiment index dropped for the second straight month, and by 0.8...

U.S. durable goods orders fall sharply in January

Feb 27, 2018 19:29 pm UTC| Commentary

January durable goods orders in January dropped sharply. The headline durable goods orders fell 3.7 percent sequentially, as compared with consensus expectations of a fall of 2 percent. Moreover, the figure for December...

U.S. nominal goods trade deficit broadens in January, net exports likely to be larger drag on GDP growth

Feb 27, 2018 18:29 pm UTC| Commentary

U.S. nominal goods trade deficit widens modestly in January. The advance estimate of the trade in goods saw nominal goods deficit widening to USD 74.4 billion. This is widely consistent with the expected deficit of USD 75...

USD/INR likely to trade around 65.5 by end-2018 – Lloyds Bank

Feb 27, 2018 17:19 pm UTC| Commentary

The USD/INR pair has managed to reverse its losses in January to consolidate back above 64. The move was linked to the capital outflow pressures because of a fall in Indias equity markets. Looking ahead, there seem several...

German headline inflation slows in February on decline in food and energy prices

Feb 27, 2018 16:33 pm UTC| Commentary

The headline inflation in Germany decelerated in the month of February on a sequential basis. The consumer price index dropped by two tenths to 1.4 percent from 1.6 percent. This was mainly due to the marked reduce price...

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Economy

Gold and Silver Prices Slip After Strong U.S. Jobs Data, Fed Rate Cut Bets Fade

Gold and silver prices edged lower in Asian trading on Thursday after stronger-than-expected U.S. nonfarm payrolls data reduced expectations of aggressive Federal Reserve interest rate cuts. However, ongoing geopolitical...

Asian Stocks Hit Record High as Strong U.S. Jobs Data Tempers Fed Rate Cut Hopes

Asian stocks surged to fresh record highs on Thursday, supported by a rally in technology shares and renewed investor confidence across the region. South Korean and Japanese equities led gains in early trading, pushing...

RBA Signals Further Interest Rate Hikes if Inflation Persists, Says Governor Michele Bullock

Reserve Bank of Australia (RBA) Governor Michele Bullock has warned that additional interest rate hikes remain possible if inflation in Australia becomes entrenched, underscoring the central banks firm commitment to...

U.S. Stock Futures Steady as Strong Jobs Data Clouds Fed Rate Cut Outlook

U.S. stock futures were little changed Wednesday evening following a muted session on Wall Street, as investors weighed a stronger-than-expected jobs report that dampened expectations for near-term Federal Reserve rate...

Japan Warns on Yen Volatility as Currency Surges Against Dollar

Japans top currency diplomat, Atsushi Mimura, reaffirmed Tokyos vigilance over foreign exchange markets, warning that authorities remain on high alert despite the recent surge in the yen against the U.S. dollar. Speaking...

Politics

House Votes to End Trump’s Canada Tariff Emergency, Senate Showdown Looms

The U.S. House of Representatives voted Wednesday evening to terminate the national emergency declared by President Donald Trump to impose tariffs on Canada, marking a significant development in the ongoing debate over...

Pentagon Seeks Broader Access to AI Tools on Classified Military Networks

The Pentagon is accelerating efforts to deploy advanced artificial intelligence tools across both unclassified and classified military networks, signaling a major shift in how the U.S. Department of Defense plans to...

Trump to Host Governors at White House Amid Dispute Over Democratic Invitations

President Donald Trump plans to host a bipartisan group of U.S. governors at the White House on February 20, according to National Governors Association (NGA) Chairman Kevin Stitt. The annual NGA meeting in Washington...

U.S. Offers Payments to Afghans in Qatar as Camp As Sayliyah Closure Nears

The U.S. State Department has begun offering financial incentives to Afghans stranded in Qatar to encourage voluntary repatriation, as officials move to shut down Camp As Sayliyah (CAS) by the end of March. The facility, a...

Angus Taylor Challenges Sussan Ley as Liberal Party Leadership Tensions Escalate

Australias opposition leader Sussan Ley is facing mounting pressure within the Liberal Party after senior frontbencher Angus Taylor resigned from his role as shadow defence minister, signaling a potential leadership...

Science

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates

Elon Musks SpaceX is shifting its near-term space exploration strategy, choosing to prioritize a return to the Moon before pursuing missions to Mars, according to a recent Wall Street Journal report citing sources familiar...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Jared Isaacman Confirmed as NASA Administrator, Becomes 15th Leader of U.S. Space Agency

The U.S. Senate has officially confirmed billionaire private astronaut Jared Isaacman as the new NASA administrator, making him the 15th leader in the agencys history. The confirmation, which took place on Wednesday, marks...

Technology

U.S. Commerce Department Reaches $252 Million Settlement With Applied Materials Over China Exports

The U.S. Department of Commerce has announced a $252 million settlement with Applied Materials, resolving allegations that the semiconductor equipment maker illegally exported U.S. chip manufacturing technology to China....

Russia Moves to Fully Block WhatsApp as Kremlin Pushes State-Backed MAX App

Russia has reportedly attempted to fully block WhatsApp, the popular messaging service owned by Meta Platforms, as part of its broader efforts to tighten control over the countrys digital space. According to a company...

Instagram CEO Defends Platform in Youth Mental Health Lawsuit Over Social Media Addiction Claims

Adam Mosseri, head of Meta Platforms Instagram, defended the companys product decisions during a high-profile trial in Los Angeles centered on allegations that social media addiction has contributed to a youth mental...

FTC Questions Apple News Over Alleged Bias Against Conservative Media

The U.S. Federal Trade Commission (FTC) has raised concerns about Apple News following allegations that the platform favors left-leaning media outlets while excluding conservative publications. In a letter addressed to...

ByteDance Advances AI Chip Development With Samsung Manufacturing Talks

Chinas ByteDance is accelerating its push into artificial intelligence hardware, reportedly developing its own AI chip while holding discussions with Samsung Electronics for manufacturing support. The TikTok parent company...
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