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Whether GDP swings up or down, there are limits to what it says about the economy and your place in it

May 04, 2025 07:18 am UTC| Insights & Views Economy

The Bureau of Economic Analysis released the latest U.S. gross domestic product data on April 30. In the first three months of 2025, it said, GDP contracted by 0.3%. The GDP growth rate captures the pace at which the total...

US under Trump Series

Trump’s Ukraine mineral deal finally lands as US economy shivers

May 04, 2025 07:18 am UTC| Insights & Views Politics

Donald Trump promised he could sort out a peace deal for the Ukraine war in 24 hours. It still hasnt happened. Instead the US administration has taken 100 days just to sign a mineral deal with Ukraine. This agreement will...

As Dutton champions nuclear power, Indigenous artists recall the profound loss of land and life that came from it

May 04, 2025 07:15 am UTC| Insights & Views Governance

Opposition Leader Peter Duttons promise to power Australia with nuclear energy has been described by experts as a costly mirage that risks postponing the clean energy transition. Beyond this, however, the Coalitions...

Tesla Positioned to Lead U.S. Efforts in Autonomous AI Race with China

May 04, 2025 01:13 am UTC| Technology Business Insights & Views

Tesla (NASDAQ:TSLA) is emerging as a key player in the United States push to close the technological gap with China in the development of autonomous systems, according to a recent Morgan Stanley report. The bank warns that...

FxWirePro- Gold Trade Idea

May 02, 2025 13:47 pm UTC| Insights & Views

Gold pared some of its gains after strong US jobs data. It hit an intraday high of $3269 yesterday and is currently trading around $3252.11. The US April 2025 Non-Farm Employment Change registered a gain of 177,000...

Bitcoin's Bullish Outlook: Supply Crunch and Institutional Demand Drive Price Targets to $110,000 and Beyond

May 02, 2025 13:19 pm UTC| Digital Currency Insights & Views

Supply Scarcity Fuels Bitcoins Bullish Momentum Bitcoin exchange inflows have fallen to multi-year lows, representing a steep drop in sell-side pressure and accumulation building. Individual wallet addresses...

Retail Sales Inch Up: Are Australian Consumers Still Holding Back?

May 02, 2025 02:53 am UTC| Insights & Views

In March 2025, Australian retail sales rose modestly by 0.3% month-on-month, slightly lower than the forecasted 0.4%. Yet, this rise is the third straight month of an increase in retail turnover. Retail sales,...

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Economy

China's Services Sector Maintains Growth Streak Despite March Slowdown

Chinas services industry continued to expand in March, though at a notably slower pace, as weakening demand and ongoing workforce reductions tempered activity across the sector. According to the latest RatingDog Services...

U.S. Stock Futures Stabilize Ahead of Good Friday as Investors Eye Jobs Report

U.S. stock index futures held steady Thursday evening as markets entered a cautious holding pattern before the Good Friday holiday closure, with traders weighing Middle East tensions and positioning ahead of a critical...

Gold Prices Drop as Trump Escalates Iran Threats, Oil Surges

Gold prices retreated Thursday, breaking a multi-day winning streak after President Donald Trump signaled an intensified military campaign against Iran over the coming weeks. The remarks rattled investors who had grown...

U.S. Dollar Climbs as Trump Escalates Rhetoric Against Iran

The U.S. dollar strengthened Thursday, drawing support from its safe-haven status after President Donald Trump signaled a significant escalation in military operations against Iran. The U.S. Dollar Index climbed 0.4% to...

Japan's Services Sector Growth Slows in March Amid Rising Middle East Tensions

Japans services sector expanded for the 12th consecutive month in March, though growth momentum weakened as escalating Middle East conflict weighed heavily on business sentiment. The SP Global Japan Services PMI dipped to...

Politics

U.S. Strikes on Iran Draw War Crimes Warnings from International Law Scholars

More than 100 international law experts from leading American universities, including Harvard, Yale, Stanford, and the University of California, have signed an open letter warning that U.S. military strikes on Iran may...

UN Confirms Sexual Exploitation Allegations Against Haiti Security Force Members

A United Nations report has confirmed that four allegations of sexual exploitation and abuse committed by members of a UN-backed security force operating in Haiti were substantiated following formal investigations. The...

Zelenskyy Offers Ukraine's Naval Drone Expertise to Secure the Strait of Hormuz

Ukrainian President Volodymyr Zelenskyy has stepped onto the global maritime security stage, offering Ukraines proven naval defense capabilities to countries working to safeguard freedom of navigation through the Strait of...

Russia Unleashes Drone Barrage on Kharkiv, Injuring Child Among Victims

Russian forces launched a sustained drone offensive against Kharkiv, Ukraines second-largest city, throughout Thursday, leaving at least two people injured, including an eight-year-old girl. Local officials confirmed the...

Trump Administration Shakeup: Kash Patel, Daniel Driscoll, and Lori Chavez-DeRemer May Exit Cabinet

Reports surfaced Thursday suggesting that several high-profile figures within the Trump administration could soon be on their way out. According to The Atlantic, citing individuals familiar with internal White House...

Science

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

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...

Technology

Australia's Social Media Ban for Under-16s Sparks Global Movement

Australias landmark social media ban for users under 16, which took effect in December, is reshaping digital policy conversations worldwide. Countries including Spain and Malaysia have signaled interest in adopting similar...

SpaceX Eyes Historic IPO at $1.75 Trillion Valuation

Elon Musks aerospace giant SpaceX has quietly filed a confidential IPO registration with the U.S. Securities and Exchange Commission, according to Bloomberg News sources familiar with the matter. The move signals that the...

Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman

Annie Altman has filed an amended civil lawsuit against her brother, OpenAI CEO Sam Altman, accusing him of sexually abusing her over a span of nearly a decade. The amended complaint was submitted Wednesday in St. Louis...

TSMC Japan's Second Fab to Produce 3nm Chips by 2028

Taiwan Semiconductor Manufacturing Company (TSMC), the worlds leading contract chipmaker, has confirmed plans to begin equipment installation and mass production of 3-nanometre wafers at its second fabrication plant in...

Apple Turns 50: From Garage Startup to AI Crossroads

In early 1976, engineer Steve Wozniak finished designing a computer circuit board he planned to share with fellow hobbyists at a local California tech club. His friend Steve Jobs recognized a commercial opportunity, and...
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