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Thu, Dec 25, 2025 06:20 AM All times are UTC

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French industrial activity likely fell in June; July inflation to have remained unchanged from flash reading

Aug 09, 2016 07:16 am UTC| Commentary

French industrial activity is expected to have dropped markedly in the month of June. According to a Societe Generale research report, the industrial production is likely to have fallen 2 percent on sequential basis in...

A close watch needed on widening TED spread

Aug 09, 2016 07:13 am UTC| Commentary Central Banks

The cost of unsecured U.S. Dollar funding is creeping up and it has been creeping up since 2014, however, recent days have seen arelatively sharp jump in that cost not seen in years. The spread between the risk-free rates,...

NZ private inflation gauge dips in July, housing sector still faces inflationary pressure

Aug 09, 2016 07:11 am UTC| Commentary

New Zealands private inflation gauge dipped in July, led by fall in motor vehicle relicensing fees. However, some inflationary pressures are still expected to be seen within the housing sector, ANZ reported. ANZs New...

UK retail spending rebounds in July on effective promotions, good weather

Aug 09, 2016 06:55 am UTC| Commentary

The United Kingdom retail spending rebounded for the month of July, largely owing to huge discount sales amid promotional offers that kept consumers optimistic in spending on shopping. Also, a good weather outweighed any...

Australia's consumer confidence surprises on downside, yet stays above long-run average

Aug 09, 2016 06:44 am UTC| Commentary

The Australian consumer confidence surprised markets on the downside; however, it stayed well above the long-run average. ANZ-Roy Morgan Australian Consumer Confidence fell a sharp 2.8 percent to 114.7 this week. This...

Increased usage of natural gas leads to surprise summer drawdown

Aug 09, 2016 06:34 am UTC| Commentary

For the week ending 29th of July 2016, natural gas inventories posted a surprise drawdown, a net withdrawal of 6 billion cubic feet. Increased demand for natural gas as a source of power generation is neither surprising...

New Zealand’s July retail spend via electronic cards overshoots expectations

Aug 09, 2016 06:20 am UTC| Commentary Economy

Total retail spending in New Zealand continued to chug along in July. According to Statistics New Zealand, total retail spending using electronic cards reached NZD 4.8 billion in July 2016, up 5.8 percent year-on-year....

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Economy

BOJ Governor Signals Gradual Rate Hikes as Japan’s Inflation Nears 2% Target

Bank of Japan Governor Kazuo Ueda said Japans underlying inflation is steadily accelerating and moving closer to the central banks long-standing 2% target, reinforcing expectations that interest rate hikes will continue if...

UBS Warns of Short-Term Risks as Precious Metals Rally to Record Highs

Gold, silver, and platinum have surged to fresh record highs heading into the year-end holiday period, drawing strong attention across global commodity markets. However, UBS is urging investors to exercise caution, warning...

Japan Revises Economic Growth Forecast as Stimulus Fuels Consumption and Investment

Japans government has revised upward its economic growth forecast for the fiscal year ending next March and projected faster expansion in the following year, citing the positive impact of a large-scale stimulus package...

U.S. Stocks Rally to Record Highs as AI Rebound Fuels Holiday-Shortened Session

U.S. stocks closed higher on Wednesday, with the Dow Jones Industrial Average and the SP 500 finishing at record closing highs during a broad-based rally in a holiday-shortened trading session. All three major indexes...

Asian Stock Markets Trade Flat as Holiday Liquidity Thins and BOJ Minutes Watched

Asian stock markets traded mostly flat on Wednesday as subdued year-end trading volumes and holiday-thinned liquidity limited investor activity across the region. With Christmas and New Year holidays approaching, many...

Politics

Christmas Eve Jazz Concert Canceled After Kennedy Center Renaming to Include Trump

A planned Christmas Eve jazz concert at the Kennedy Center in Washington, D.C., has been canceled following a controversial decision to rename the iconic performing arts institution to include the name of Republican U.S....

Palau Agrees to Accept Up to 75 U.S.-Transferred Migrants in Deal Tied to Increased American Aid

Palau has agreed to accept up to 75 migrants transferred from the United States after signing a memorandum of understanding (MOU) with Washington, a move that has drawn international attention amid ongoing debate over U.S....

U.S. Shifts Strategy Toward Economic Pressure With Venezuelan Oil Quarantine

The White House has directed U.S. military forces to focus almost exclusively on enforcing a quarantine of Venezuelan oil for at least the next two months, signaling that Washington is prioritizing economic pressure over...

Democratic Governors Urge Trump Administration to Lift Halt on East Coast Offshore Wind Projects

Four Democratic governors have formally urged the Trump administration to reverse its recent suspension of five offshore wind projects along the U.S. East Coast, arguing that the move is politically motivated and...

Kim Jong Un Oversees Missile Test Amid Rising Korean Peninsula Tensions

North Korean leader Kim Jong Un has overseen the test-firing of long-range surface-to-air missiles near the countrys east coast, according to a report by state media outlet KCNA. The missile test, conducted on Wednesday...

Science

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...

Senate Sets December 8 Vote on Trump’s NASA Nominee Jared Isaacman

The U.S. Senate Commerce Committee announced it will vote on December 8 on President Donald Trumps renewed nomination of private astronaut and tech entrepreneur Jared Isaacman to lead NASA. Isaacman, known for his...

NASA Cuts Boeing Starliner Missions as SpaceX Pulls Ahead

NASA has significantly scaled back Boeings Starliner program after years of technical issues and delays, announcing that the next Starliner mission to the International Space Station (ISS) will fly without astronauts. The...

Blue Origin’s New Glenn Achieves Breakthrough Success With First NASA Mission

Blue Origins massive New Glenn rocket marked a major milestone as it completed its first mission for paying customers, sending two NASA satellites toward Mars and successfully landing its reusable booster at sea. The...

Cogent Biosciences Soars 120% on Breakthrough Phase 3 Results for Bezuclastinib in GIST Treatment

Cogent Biosciences (NASDAQ: COGT) shares skyrocketed over 120% after the biotech company announced groundbreaking results from its Phase 3 PEAK trial evaluating bezuclastinib in combination with sunitinib for patients with...

Technology

Nvidia to Acquire Groq in $20 Billion Deal to Boost AI Chip Dominance

NVIDIA (NASDAQ: NVDA) has reportedly agreed to acquire Groq, a fast-growing designer of high-performance artificial intelligence accelerator chips, in a $20 billion all-cash transaction, according to a CNBC report. The...

Texas App Store Age Verification Law Blocked by Federal Judge in First Amendment Ruling

A federal judge in Texas has blocked the enforcement of a new state law that would have required app stores and developers to verify users ages, marking a significant legal win for major technology companies and digital...

FTC Praises Instacart for Ending AI Pricing Tests After $60M Settlement

The U.S. Federal Trade Commission has welcomed Instacarts decision to end its artificial intelligence-based price testing, a move that follows weeks of consumer backlash and regulatory scrutiny. FTC Chair Andrew Ferguson...

John Carreyrou Sues Major AI Firms Over Alleged Copyrighted Book Use in AI Training

Investigative journalist John Carreyrou, widely known for exposing fraud at Silicon Valley blood-testing startup Theranos and for authoring the bestselling book Bad Blood, has filed a new copyright infringement lawsuit...

Italy Fines Apple €98.6 Million Over App Store Dominance

Italys competition authority has imposed a 98.6 million ($115.53 million) fine on U.S. technology giant Apple and two of its subsidiaries, citing alleged abuse of a dominant market position related to the distribution of...