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U.S. home prices rise in May, likely to continue appreciating at current rate in 2018

Jul 31, 2018 18:40 pm UTC| Commentary

Home prices in the U.S. rose at a stable rate in May. The SP CoreLogic Case-Shiller 20-city Home Price Index rose 0.20 percent in May, consistent with consensus expectations. The price appreciations annual rate dropped by...

U.S. employment cost index roses below expectations in Q2 2018

Jul 31, 2018 17:31 pm UTC| Commentary

The U.S. employment cost index indicates that wage costs are rising gradually. The employment cost index was up 0.6 percent quarter-on-quarter in the second quarter, slightly below consensus expectations of 0.7 percent. On...

Euro area economic growth decelerates in Q2 2018, core inflation rises above expectations

Jul 31, 2018 16:26 pm UTC| Commentary

The euro area economy expended at a softer rate in the second quarter. Nevertheless, the core rate of inflation came in a bit above expectations. The flash estimate of the currency blocs real GDP growth for the second...

Canadian economic output rises higher in May

Jul 31, 2018 14:27 pm UTC| Commentary

Canadas economic output rose higher in May. On a sequential basis, Canadian economy grew 0.5 percent. The rise was widespread, as 19 out of 20 major industries grew on the month. The goods-producing industries led the way,...

Reserve Bank of India likely to hike key interest rate by 25 bps - Scotiabank

Jul 31, 2018 13:26 pm UTC| Commentary

The Reserve Bank of India is set to meet tomorrow for the monetary policy decision. According to a Scotiabank research report, the RBI is expected to hike by 25 basis points to 6.5 percent, with the aim of striking a...

U.S. 10-year Treasury hovers around 3 pct mark ahead of key FOMC policy meeting, July ADP non-farm employment change

Jul 31, 2018 11:45 am UTC| Commentary Economy

The U.S. 10-year Treasury hovered around the 3 percent mark, with yield slumping to as low as 2.934, a level last seen on July 24 ahead of key central banks meetings throughout this week, including the Federal Reserve....

Crypto Currency Brief: Panic sell-off drives crypto bearishness, SEC rejects Winklevoss ETF; EOS transaction volume rises on spam attack – Tuesday, July 31st, 2018

Jul 31, 2018 11:32 am UTC| Commentary Economy Market Roundups

BTC/USD: Bitcoin prices continued to fall for the third consecutive day, consolidating around the $8,000 level as investors have turned risk-averse after BTC/USD touched a 2-month high last week, despite a sense of...

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Economy

ECB Warns of Rising Inflation Risks Amid Iran War Energy Shock

The European Central Bank faces mounting pressure to act decisively as inflation risks intensify across the euro zone. ECB Governing Council member Dimitar Radev has cautioned that price expectations could shift more...

Energy Prices and Dollar Climb as U.S.-Iran Conflict Grips Global Markets

The U.S. dollar remained close to recent highs on Tuesday as global markets braced for a critical deadline set by President Donald Trump, demanding Iran reopen the Strait of Hormuz to international shipping or face...

China's Fermented Feed Push: Cutting Soybean Dependence Amid Trade War

China is rapidly scaling up the use of fermented animal feed as part of a broader strategy to reduce its reliance on imported soybeans a shift driven equally by trade tensions with the United States and long-term food...

U.S. Futures Slip as Iran Rejects Ceasefire and Trump Deadline Looms

U.S. stock index futures edged lower Monday evening as investors remained on edge over escalating tensions in the Middle East, with President Donald Trumps deadline for Iran to reopen the Strait of Hormuz fast approaching...

Gold Prices Drop for Third Consecutive Session Amid Iran Tensions and Inflation Fears

Gold prices continued their downward trend in Asian trading on Tuesday, marking a third straight session of losses as markets grappled with mounting inflation concerns and escalating geopolitical tensions tied to U.S....

Politics

Trump May Delay Iran Military Strike If Diplomatic Deal Shows Promise

President Donald Trump is reportedly open to postponing planned military action against Iran should credible signs of a diplomatic breakthrough emerge, according to multiple media outlets citing an Axios report. U.S....

Iran-Israel War Escalates as Trump's Ceasefire Deadline Looms

Tensions in the Middle East reached a critical flashpoint as Iran and Israel continued exchanging strikes, with Tehran firmly rejecting a U.S.-brokered ceasefire proposal just hours before a deadline issued by President...

Vance Visits Hungary to Back Orban Ahead of Pivotal 2025 Elections

U.S. Vice President JD Vance is traveling to Hungary this week in a show of political solidarity with Prime Minister Viktor Orban, who faces his most difficult re-election battle since coming to power in 2010. The two-day...

China's Push to Steal Taiwan's Chip Technology and Talent Raises Security Alarms

Taiwans National Security Bureau has raised serious concerns about Beijings escalating efforts to infiltrate the islands world-class semiconductor industry. According to a report submitted to Taiwanese lawmakers, China is...

UN Security Council Votes on Watered-Down Strait of Hormuz Resolution Amid China Opposition

The United Nations Security Council is set to vote Tuesday on a resolution aimed at protecting commercial shipping through the Strait of Hormuz, though the proposal has been significantly weakened following resistance from...

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

Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand

Samsung Electronics delivered a stunning financial turnaround in the first quarter of 2025, projecting operating profit of approximately 57.2 trillion won (roughly $38 billion) a more than eightfold increase compared to...

Apple's Foldable iPhone Faces Engineering Setbacks, Mass Production Timeline at Risk

Apples highly anticipated foldable iPhone is running into significant engineering hurdles during its test phase, raising concerns about potential delays in both mass production and product shipments, according to a report...

Britain Courts Anthropic Amid US Defense Department Dispute

The United Kingdom is actively working to attract Anthropic, the company behind the popular Claude AI app, to expand its footprint in the country. This diplomatic push comes as Anthropic finds itself in the middle of a...

OpenAI Executive Shake-Up Ahead of Anticipated 2026 IPO

OpenAI is navigating a significant leadership restructuring at one of the most pivotal moments in its history. The AI powerhouse confirmed that Chief Operating Officer Brad Lightcap is transitioning into a newly created...

Elon Musk Ties SpaceX IPO Access to Mandatory Grok AI Subscriptions

Elon Musk is reportedly making Grok subscriptions a prerequisite for banks and advisers involved in SpaceXs highly anticipated initial public offering. According to the New York Times, citing insiders familiar with the...
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