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Wed, May 29, 2024 05:29 AM All times are UTC

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US Q3 GDP tracking 2.4% after August personal income and spending

Sep 28, 2015 15:47 pm UTC| Commentary

Personal income rose 0.3% m/m in August, a bit less than forecast (0.4%) and the consensus (0.4%) had expected, as July data were revised higher (0.5% m/m, initial: 0.4%). Incomes gains were driven by wages and salaries,...

France's goods consumption to recover in June but to contract in Q2

Sep 28, 2015 12:58 pm UTC| Commentary

French consumption data is eagerly awaited following the two holiday months of July and August and should give us a clearer picture of the total contribution to GDP growth. Our forecast is no change mom but a solid, if...

German labour market shows signs of improvement again

Sep 28, 2015 12:50 pm UTC| Commentary

The number of unemployed in Germany in September is expected to have decreased by 5,000, following a decline of 7,000 in July. Following the strong declines in unemployment at the start of the year, the labour market has...

September Euro area HICP inflation set to slow to 0.0% yoy

Sep 28, 2015 12:34 pm UTC| Commentary

Flash September Euro area HICP inflation is expected to slowdown. The main culprits are lower fuel prices as a result of persistently weak Brent prices in euro terms. Regarding the other components, food price is...

Softening likely in EC economic indicators for August

Sep 28, 2015 12:17 pm UTC| Commentary

The current level of the economic confidence index in euro area (0.4 standard deviation higher than the long-term average of 100) is as expected. It should be noted that consumer confidence and business confidence in...

ECB and BoJ may struggle to push effective exchange rates sharply lower

Sep 28, 2015 11:22 am UTC| Commentary Central Banks

Euro area headline and core consumer prices due Wednesday are likely to show that the 19-region consumer prices stagnated in September for the first time in five months, according to a Bloomberg survey. Stalled prices...

Sugar price soars due to rain-related delay in sugar cane harvest in Brazil

Sep 28, 2015 09:41 am UTC| Commentary

In the most active contract with a March 2016 maturity date, raw sugar increased by 4.6% in price to 12.4 US cents per pound on Friday. As the week drew to a close, the raw sugar price was given a considerable boost by the...

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Economy

Will government investment make green hydrogen a reality in Australia?

In the budget last week, the government was keen to talk about its efforts to turn Australia into a renewable superpower under the umbrella of the Future Made in Australia policies. Future Made is a framework that sets...

Small businesses can help South Africa fight unemployment if they get proper support – study

South Africa has an alarming unemployment rate of approximately 32.1%. Solutions have been elusive. The unemployment rate has been consistently high for decades. Our research has revolved around entrepreneurship. We...

Australia is set to ban live sheep exports. What will this mean for the industry?

This month the federal government announced a plan to ban live sheep exports, set to come into effect from May 1 2028. The announcement coincided with the release of a highly anticipated report by an independent panel...

Latest inflation figures are good news

The U.S. economy is slowing, but not crashing. In the dismal science, this is what counts as good news. Thats the message I took away from the latest inflation data, released May 15, 2024, which showed U.S. consumer...

The budget is full of good news, but good news isn’t the same as good management

This years budget has something for everyone, with very little in the way of cuts and no new taxes. Its a classic good news pre-election budget. Whether it is too good to be true hinges on whether this budget...

Politics

How Iran selects its supreme leader

The sudden death of President Ebrahim Raisi is unlikely to drastically alter Irans foreign and domestic policies, but it has left a power vacuum. As stipulated by the constitution, Raisi was replaced by his first vice...

California is about to tax guns more like alcohol and tobacco

Starting in July 2024, California will be the first state to charge an excise tax on guns and ammunition. The new tax an 11% levy on each sale will come on top of federal excise taxes of 10% or 11% for firearms and...

US election: why Latino and Hispanic voters are shifting to Trump after a long history of supporting the Democrats

Several recent polls suggest that the Hispanic and Latino vote is shifting towards Donald Trump as the election moves closer. In a YouGov poll from May 8, 43% of Americans said they would vote for President Joe Biden...

Slovakia’s polarised politics: Robert Fico warned a politician could be violently attacked weeks before assassination attempt

Slovak society is in shock after a 71-year-old man fired five shots at the prime minister, Robert Fico, while he was greeting a small crowd after a meeting. Some members of the coalition government immediately blamed...

Infected blood scandal – what you need to know

The infected blood scandal has been hailed the worst treatment disaster in the history of the NHS. Over 3,000 people have died as a result of receiving contaminated blood products in the 1970s, 80s and 90s, and it is...

Science

Ancient DNA from an extinct native duck reveals how far birds flew to make New Zealand home

Ask a bird lover if they have heard of the extinct giant moa or its ancient predator, Haasts eagle, and the answer will likely be yes. The same cant be said of New Zealands extinct, but equally unique, mergansers a group...

Black holes are mysterious, yet also deceptively simple − a new space mission may help physicists answer hairy questions about these astronomical objects

Physicists consider black holes one of the most mysterious objects that exist. Ironically, theyre also considered one of the simplest. For years, physicists like me have been looking to prove that black holes are more...

Is dark matter’s main rival theory dead? There’s bad news from the Cassini spacecraft and other recent tests

One of the biggest mysteries in astrophysics today is that the forces in galaxies do not seem to add up. Galaxies rotate much faster than predicted by applying Newtons law of gravity to their visible matter, despite those...

Why are algorithms called algorithms? A brief history of the Persian polymath you’ve likely never heard of

Algorithms have become integral to our lives. From social media apps to Netflix, algorithms learn your preferences and prioritise the content you are shown. Google Maps and artificial intelligence are nothing without...

IceCube researchers detect a rare type of energetic neutrino sent from powerful astronomical objects

About a trillion tiny particles called neutrinos pass through you every second. Created during the Big Bang, these relic neutrinos exist throughout the entire universe, but they cant harm you. In fact, only one of them is...

Technology

Why Bitcoin Price Is Down Today: Market Reacts to Mt. Gox Rumors and US Inflation Data

Bitcoins price dropped by over 3% on May 29 due to market reactions to Mt. Gox rumors and anticipation of Bitcoin options expiration and US inflation data, highlighting the cryptocurrencys volatility. Bitcoin Price...

El Salvador's Bitcoin Vision: Cathie Wood, Bukele Discuss Capital Markets and Economic Integration

ARK Invest CEO Cathie Wood and El Salvadors President Nayib Bukele are collaborating to explore Bitcoins potential to transform the nations capital markets and economic framework. El Salvadors Economic Framework...

K9 Finance Listed on LBank, Shiba Inu Team Lauds Achievement; KNINE Price Surges

The Shiba Inu (SHIB) ecosystem has experienced considerable development due to K9 Finance DAO (KNINE) acquiring a major exchange listing. When LBank announced this on May 28, 2024, it stated that the KNINE cryptocurrency...

Bitcoin Dips 2% as Mt. Gox Wallets Move Over $5B to Unknown Wallet

Bitcoin dipped 2% after $5 billion worth of BTC from Mt. Gox wallets were transferred to an unknown wallet, sparking market concerns. Bitcoin Falls 2% as Mt. Gox Transfers $5 Billion in BTC to Unknown Wallet Ahead of...

Shiba Inu Super Diamond Trader Liquidates Holdings, Leaves Secret Message for Investors

A Shiba Inu super diamond trader has liquidated 48.09 billion SHIB tokens, followed by a secret message, raising questions about SHIBs market direction. Dormant Shiba Inu Tokens Exchanged for 278.7 ETH via MEV Bot,...