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Citi's Bold ECB Prediction Shakes Markets: 'Prolonged Cuts' May Outlast Expectations, Impacting Bond Yields

Dec 09, 2024 15:00 pm UTC| Business Economy

Citibank has unveiled its latest analysis on the European Central Banks (ECB) monetary policy, suggesting a prolonged and more cautious cycle of interest rate cuts than currently anticipated by the market. While most...

A new global carbon trading market could be held hostage by speculators

Dec 09, 2024 01:48 am UTC| Insights & Views Business

Our planets future hangs in the balance due to the unabated greenhouse gas emissions from burning fossil fuels. Treating these emissions as something that can be owned and exchanged in a market has been touted as a...

Cut Through the Noise: New DIY Visa Package Simplifies Portugal D7 and D8 Applications

Dec 09, 2024 01:29 am UTC| Business

As global mobility continues to reshape how people work, live, and retire, Portugal has emerged as a top destination for remote workers, retirees, and entrepreneurs. The countrys D7 and D8 visas have gained significant...

Mobile Betting Trends: The Impact of Technology on Gamblers’ Preferences

Dec 09, 2024 01:17 am UTC| Business

The rapid advancement of mobile technology has significantly transformed the landscape of betting, reshaping how and where people engage in gambling activities. With smartphones becoming ubiquitous, the convenience and...

Judge Blocks Biden’s $8 Credit Card Fee Cap, Critics Call It ‘A Big Win for Banks!’

Dec 08, 2024 21:32 pm UTC| Economy Business

A federal judge in Texas has ruled against a Biden administration regulation that would have capped credit card late fees at $8, marking a significant setback for the Consumer Financial Protection Bureau (CFPB) and a major...

TikTok Shop Sales Skyrocket: Americans Spend Millions Despite Looming Ban—‘It’s a Game-Changer!’

Dec 08, 2024 21:29 pm UTC| Economy Business

TikTok Shop, the e-commerce arm of the popular short-video platform, reported a significant surge in U.S. spending this holiday shopping season, capturing critical market share. Despite the potential threat of a ban, the...

US under Trump Series

Trump’s Tariff Plans Could Super-Size McDonald’s Problems: ‘Inflation and Trade Wars Threaten the Golden Arches

Dec 07, 2024 14:40 pm UTC| Politics Business

McDonalds is facing significant challenges as President-elect Donald Trumps proposed tariffs threaten to disrupt supply chains and escalate inflation. The fast-food giants plan to introduce a new McValue menu in 2025 may...

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Economy

Holiday Economic Questions: What Bank of America Says You Should Expect

Bank of America economist Aditya Bhave says this years holiday gatherings may bring more than cold weatherthey may spark tough conversations about inflation, housing, interest rates, and the broader U.S. economy. In a...

Russia Stocks Close Flat as MOEX Hits 1-Month High

Russian equities ended Saturdays session flat, with the MOEX Russia Index holding steady and touching a fresh one-month high despite muted market activity. Investors saw little movement across major sectors, as several key...

Vietnam’s November Trade Sees Monthly Decline but Strong Year-on-Year Growth

Vietnam recorded a notable month-on-month decline in trade activity in November, according to new data from the National Statistics Office (NSO). Exports fell 7.1% from October, reaching $39.07 billion, while imports...

Austria’s AA Credit Rating Affirmed as Fitch Highlights Stable Outlook

Fitch Ratings has reaffirmed Austrias Long-Term Foreign-Currency Issuer Default Rating at AA with a Stable Outlook, underscoring the countrys strong economic fundamentals despite rising fiscal pressures. According to the...

Fed Meeting Sparks Division as Markets Brace for Possible Rate Cut

The upcoming Federal Reserve meeting is shaping up to be one of the most closely watched and contentious in years, with investors focused on how divided policymakers are over a potential interest-rate cut and the signals...

Politics

Southwest Airlines Has $11 Million Fine Waived as USDOT Cites Operational Improvements

The U.S. Transportation Department has waived an $11 million penalty previously imposed on Southwest Airlines, finalizing the airlines $140 million settlement tied to its massive December 2022 holiday travel disruption....

U.S.-EU Tensions Rise After $140 Million Fine on Elon Musk’s X Platform

A growing rift between the United States and Europe deepened after the European Union issued a $140 million fine against Elon Musks social media platform X under the Digital Services Act. The penalty, which EU regulators...

Trump Signs Executive Order to Strengthen U.S. Food Supply Chain Security

U.S. President Donald Trump has issued a new executive order aimed at strengthening the nations food supply chain by targeting potential risks linked to price fixing, market manipulation, and anti-competitive practices....

Boeing Executive Says Trump’s Equity Stake Plan Won’t Target Major Defense Contractors

Boeing Defense, Space Security CEO Steve Parker clarified that President Donald Trumps proposal for the U.S. government to take equity stakes in strategic industries is not aimed at major defense contractors. Speaking at...

Zelenskiy Describes “Substantive” Call With Trump Envoys as Ukraine, U.S. Explore Peace Path

Ukrainian President Volodymyr Zelenskiy said on Saturday that he held a long and substantive phone call with U.S. President Donald Trumps special envoy Steve Witkoff and Trumps son-in-law Jared Kushner, emphasizing that...

Science

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...

Trump and Merck KGaA Partner to Slash IVF Drug Costs and Expand Fertility Coverage

U.S. President Donald Trump and German pharmaceutical company Merck KGaA have announced a groundbreaking deal aimed at lowering the cost of in-vitro fertilization (IVF) treatments while boosting access to fertility care in...

Technology

SpaceX CEO Elon Musk Denies Reports of $800 Billion Valuation Fundraise

Elon Musk has publicly refuted recent media claims suggesting that SpaceX is seeking to raise new capital at an $800 billion valuation. In a post shared on X, Musk clarified that the reports circulating online were...

Taiwan Opposition Criticizes Plan to Block Chinese App Rednote Over Security Concerns

Taiwans political landscape heated up after the government announced a plan to suspend access to the Chinese social media platform Rednoteknown as Xiaohongshufor one year. The interior ministry said the proposed ban stems...

EU Prepares Antitrust Probe Into Meta’s AI Integration on WhatsApp

The European Commission is reportedly preparing to launch a new antitrust investigation into Meta Platforms Inc. (NASDAQ: META) over the companys recent rollout of artificial intelligence features within WhatsApp....

Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX

OpenAI CEO Sam Altman reportedly explored raising significant capital to acquire or partner with a rocket company, a move that could have created direct competition with Elon Musks SpaceX. According to a report from the...

Wikipedia Pushes for AI Licensing Deals as Jimmy Wales Calls for Fair Compensation

Wikipedia is seeking additional licensing deals with major technology companies to address the growing financial burden caused by artificial intelligence firms heavily scraping its platform, according to co-founder Jimmy...