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Mon, Apr 29, 2024 03:46 AM All times are UTC

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America’s Roundup: Dollar climbs to 3-week peak, Wall Street drops, Gold jumps to 3-week high, Oil prices rise on dip in U.S. crude stockpiles and IEA data-May 15th,2020

May 14, 2020 21:03 pm UTC| Market Roundups

Market Roundup Weekly jobless claims total 2.981 million Fed, BOJ and BoE all say rates arent going any lower Brent, WTI just above $30/bbl, $26/bbl respectively US Continuing Jobless Claims ...

Asia Roundup: Aussie hits 1-week trough as jobs plunge, greenback rallies as Powell shuns negative rates, Asian shares slump - Thursday, May 14th, 2020

May 14, 2020 07:02 am UTC| Market Roundups

Market Roundup Oil prices inch higher as U.S. stockpile drop Gold eases after Powell dismiss chances of negative U.S. rates Australia witnesses largest-ever drop in jobs in April Economic Data...

America’s Roundup: Dollar up as Powell downplays chances of negative U.S. interest rates ,Wall Street falls, Gold gains, Oil slips more than 1% despite surprise U.S. crude stock drawdown-May 14th,2020

May 13, 2020 21:11 pm UTC| Market Roundups

Market Roundup Feds Powell calls for more fiscal spending US April PPI (YoY) -1.2%, -0.2% forecast, 0.7% previous US April PPI (MoM) -1.3%, -0.5% forecast, -0.2% previous US April Core PPI (MoM) -0.3%, 0.0%...

Europe Roundup: Euro gains against dollar ahead of Federal Reserve Chairman Jerome Powell’s speech, European shares slide, Gold steady, Oil holds near $30, caught between demand loss and supply cuts-May 13th,2020

May 13, 2020 12:24 pm UTC| Market Roundups

Market Roundup Powells speech on current economic issues at 1300 GMT UK March Trade Balance Non-EU -4.88B, -4.00B forecast, -5.57B previous UK GDP (QoQ) (Q1) -2.0%,-2.5% forecast, 0.0%previous UK GDP (MoM)...

America’s Roundup: U.S. dollar slides ahead of Fed's Powell speech, Wall Street dips, Gold gains, Oil rises as OPEC looks to deepen, extend supply cuts-May 13th,2020

May 12, 2020 22:04 pm UTC| Market Roundups

Market Roundup Consumer price index falls 0.8% in April US April Real Earnings (MoM) 5.8%, 0.2% previous US April CPI Index, s.a 255.90, 257.95 previous US April Core CPI Index 265.60, 266.80 previous ...

Europe Roundup: Euro gains as dollar rally pauses, European shares edged higher, Gold gains, Oil prices up after Saudi pledge on cuts eases some glut fears-May 12th,2020

May 12, 2020 12:15 pm UTC| Market Roundups

Market Roundup S.Korea, China report surge in new COVID-19 cases Shares in Turkey, South Africa, central Europe gain Chinas April factory prices fall at sharpest rate in 4 years US NFIB Small Business...

Asia Roundup: Yen rallies against dollar on second wave virus fears, Asian shares plunge - Tuesday, May 12th, 2020

May 12, 2020 07:29 am UTC| Market Roundups

Market Roundup Gold gains on fears about second wave of infections Fed officials talk down the prospect of negative rates Economic Data Ahead No Major Economic Data Scheduled Key Events...

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Economy

Beyond the spin, beyond the handouts, here’s how to get a handle on what’s really happening on budget night

Three weeks from now, some of us will be presented with a mountain of budget papers, and just about all of us will get to hear about them on radio, TV or news websites on budget night. The quickest way to find out what...

Johannesburg in a time of darkness: Ivan Vladislavić’s new memoir reminds us of the city’s fragility

Ivan Vladislavić is Johannesburgs literary linkman. He tells us, in the first pages of his new book, The Near North, that before cities were lit, first by gaslight and later electricity, people of means paid torchbearers...

Economist Chris Richardson on an ‘ugly’ inflation result and the coming budget

With Jim Chalmerss third budget on May 14, Australians will be looking for some more cost-of-living relief beyond the tax cuts although they have been warned extra measures will be modest. As this weeks consumer price...

Why is the London Stock Exchange losing out to the US

London Stock Exchange (LSE), which can trace its heritage to the coffee houses of the 17th century, is failing. The volume of shares traded is sharply declining, and some UK companies are swiftly moving to the US...

Why Germany ditched nuclear before coal – and why it won’t go back

One year ago, Germany took its last three nuclear power stations offline. When it comes to energy, few events have baffled outsiders more. In the face of climate change, calls to expedite the transition away from fossil...

Politics

Labour can afford to be far more ambitious with its economic policies – voters are on board

To say that the Labour party is flying high in the polls is something of an understatement. But despite its consistent lead against the Tories, the opposition finds itself in a rather odd position: on the cusp of power but...

History for sale: what does South Africa’s struggle heritage mean after 30 years of democracy?

One of my favourite statues is the one of Nelson Mandela at the Sandton City shopping centre in Johannesburg. Larger than life, its oversized bronze shoes shimmer in the evening light, polished by the hands of many...

Sudan: civil war stretches into a second year with no end in sight

In the early hours of April 15 2023, the Rapid Support Forces (RSF) a Sudanese paramilitary force attacked the military airstrip in the town of Merowe and deployed troops across strategic locations in Sudans capital,...

Joe Biden Proposes Record 44.6% Capital Gains Tax in Latest Budget Plan That May Favor Cryptocurrencies

President Joe Biden has proposed raising the capital gains tax to an unprecedented 44.6% in a bold fiscal move, targeting the wealthiest Americans. This hike is part of his 2025 budget proposal to reduce income...

Turkey’s suppression of the Kurdish political movement continues to fuel a deadly armed conflict

The world has 91 democracies and 88 autocracies. Yet 71% of the worlds population (some 5.7 billion people) are living under autocratic rule, a big jump from 48% ten years ago. This trend towards authoritarianism can...

Science

A Nasa rover has reached a promising place to search for fossilised life on Mars

While we go about our daily lives on Earth, a nuclear-powered robot the size of a small car is trundling around Mars looking for fossils. Unlike its predecessor Curiosity, Nasas Perseverance rover is explicitly intended to...

The rising flood of space junk is a risk to us on Earth – and governments are on the hook

A piece of space junk recently crashed through the roof and floor of a mans home in Florida. Nasa later confirmed that the object had come from unwanted hardware released from the international space station. The 700g,...

Peter Higgs was one of the greats of particle physics. He transformed what we know about the building blocks of the universe

Peter Higgs, who gave his name to the subatomic particle known as the Higgs boson, has died aged 94. He was always a modest man, especially when considering that he was one of the greats of particle physics the area of...

Could a telescope ever see the beginning of time? An astronomer explains

The James Webb Space Telescope, or JWST for short, is one of the most advanced telescopes ever built. Planning for JWST began over 25 years ago, and construction efforts spanned over a decade. It was launched into space on...

US media coverage of new science less likely to mention researchers with African and East Asian names

When one Chinese national recently petitioned the U.S. Citizenship and Immigration Services to become a permanent resident, he thought his chances were pretty good. As an accomplished biologist, he figured that news...

Technology

Elon Musk Unveils $10 Billion AI Investment to Propel Tesla's Autonomy

In a bold stride towards futuristic transportation, Elon Musk has declared a $10 billion investment in artificial intelligence for Tesla, aiming to enhance its autonomous driving technology and potentially launch a...

OpenAI and Worldcoin Eye Strategic Partnership Amid Regulatory Gaze

Amid escalating regulatory scrutiny, OpenAI, led by Sam Altman, is reportedly discussing a potential partnership with Worldcoin, another venture Altman co-founded. As detailed by Bloomberg, these talks could lead to...

Traders Forecast Best Altseason Since 2017 as Bitcoin Momentum Cools

As Bitcoin stabilizes above $64,000, traders forecast a burgeoning altcoin market that may mirror the explosive growth last seen in 2017. Bitcoin Rebounds Over Weekend, Traders Anticipate Potential Altcoin...

MicroStrategy's Bold Strategy Pays Off: Stock Skyrockets Amid Bitcoin Fluctuations

Despite the cryptocurrencys volatility, MicroStrategys stock soared by an impressive 461.7% over the past year, buoyed by strategic investments in Bitcoin and innovative debt management. MicroStrategy Triumphs: Stock...

Elon Musk in Beijing to Propel Tesla's Self-Driving Tech in China

Tesla CEO Elon Musk unexpectedly visited Beijing on Sunday to discuss launching Teslas Full Self-Driving technology in China and navigate data transfer policies amidst heightened US-China trade collaborations. Elon Musk...