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FxWirePro- Major Economic events for the week

Dec 09, 2024 03:14 am UTC| Economy

Date Time (UTC) Currency Indicator Actual Forecast Previous Tue, Dec...

China's Economic Struggles: CPI Dips Amid Ongoing Deflation in Producer Prices

Dec 09, 2024 02:58 am UTC| Economy

In November 2024, Chinas Consumer Price Index (CPI) increased by 0.2% compared to the same month last year. This is a drop from a 0.3% increase in October and is lower than what economists expected, which was a 0.4% rise....

Cybertruck Wraps Fuel Tesla’s Next Move: Custom Avatars Headed to Multiple Models

Dec 08, 2024 22:18 pm UTC| Economy Technology

Following a successful debut with the Cybertruck, Tesla is extending its wrap customization feature to more vehicles. The 2024 Holiday Update introduced a new era of personalized infotainment, letting users create digital...

South Korea’s Crisis and China’s Deflation Trigger Market Jitters as Wall Street Holds Its Ground

Dec 08, 2024 22:06 pm UTC| Economy

Global markets face a turbulent start to the week as South Koreas political unrest and Chinas inflation data create shockwaves across Asia. Wall Street, riding high on strong job numbers, braces for potential ripple...

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...

Microsoft’s AI Revenue ‘Explodes,’ Tesla’s Robotaxi Plans Shock Wall Street, and Credo’s 30% Leap Sparks Frenzy

Dec 08, 2024 21:26 pm UTC| Technology Economy

Wall Street analysts are doubling down on artificial intelligence (AI) growth, issuing bold ratings for tech giants like Microsoft, Tesla, and Credo Technology. AI advancements have fueled optimism across industries, with...

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Economy

Canada's Economy Grows Modestly in January 2025, Driven by Energy and Construction

Canadas economy kicked off 2026 on steady footing, with real gross domestic product rising 0.1% in January slightly ahead of market expectations following a 0.2% gain in December 2025. The modest expansion was largely...

RBC Capital: European Medtech Firms Show Minimal Middle East and Energy Risk Exposure

European medical technology companies remain largely insulated from Middle East geopolitical tensions and rising energy costs, according to a recent RBC Capital Markets analysis. The investment bank found that sales...

Gold Prices Rebound in Asia Amid Iran War Ceasefire Hopes

Gold prices climbed in Asian trading on Tuesday, recovering slightly after suffering steep losses throughout March. The partial rebound came as investors reacted to reports that U.S. President Donald Trump was weighing an...

Dollar Surges to Monthly High as Middle East Conflict Rattles Global Markets

The U.S. dollar is on track for its strongest monthly performance since July, emerging as the dominant safe-haven asset amid escalating Middle East tensions that have sent oil prices soaring past $100 per barrel and...

Oil Prices Surge to Record Monthly Highs as Middle East War Rattles Global Markets

Global financial markets closed out a turbulent month under heavy pressure as the ongoing Middle East conflict between the United States, Israel, and Iran continued to shake investor confidence. Oil prices surged to...

Politics

EU Leaders Visit Kyiv on Fourth Anniversary of Bucha Massacre

European Union High Representative for Foreign Affairs Kaja Kallas, alongside multiple EU foreign ministers, made a significant visit to Kyiv on Tuesday to commemorate the fourth anniversary of the Bucha massacre. The...

U.S. Senators Challenge FCC Chair Over Nexstar-Tegna Merger Approval

Two prominent U.S. Senators have raised serious concerns over the Federal Communications Commissions (FCC) recent decision to greenlight a major media merger. Republican Senator Ted Cruz and Democratic Senator Maria...

Trump Weighs Ending Iran Campaign With Strait of Hormuz Still Closed

President Donald Trump is reportedly open to halting U.S. military operations against Iran even if the Strait of Hormuz remains blocked, according to a Wall Street Journal report published Monday. The development marks a...

California's AI Executive Order Pushes Responsible Tech Use in State Contracts

California Governor Gavin Newsom signed a landmark executive order Monday, setting new standards for artificial intelligence governance in state contracting. The directive requires companies seeking government contracts to...

Iran Strikes Oil Tanker Near Dubai Amid U.S. Threats and Ongoing Middle East Conflict

Iran launched an attack on a fully loaded crude oil tanker off the coast of Dubai on Monday, setting the Kuwait-flagged vessel Al-Salmi ablaze in one of the most dramatic escalations since the United States and Israel...

Science

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...

NASA and SpaceX Target Crew-11 Undocking From ISS Amid Medical Concern

NASA has confirmed that the agency, in coordination with SpaceX, is targeting no earlier than 5 p.m. Eastern Time (2200 GMT) on Wednesday, January 14, for the undocking of the SpaceX Crew-11 mission from the International...

Neuralink Plans High-Volume Brain Implant Production and Fully Automated Surgery by 2026

Elon Musks brain-computer interface company Neuralink is preparing for a major expansion, announcing plans to begin high-volume production of its brain implant devices and transition to a fully automated surgical procedure...

Technology

Cybersecurity Stocks Tumble After Anthropic's Claude Mythos AI Leak Sparks Market Fears

Major cybersecurity stocks took a sharp hit Friday following reports that Anthropic accidentally exposed details about its next-generation AI model before its official launch. CrowdStrike fell 7%, Palo Alto Networks...

Chinese Universities with PLA Ties Found Purchasing Restricted U.S. AI Chips Through Super Micro Servers

Procurement records reveal that four Chinese universities, two of which have direct ties to the Peoples Liberation Army, acquired Super Micro Computer servers loaded with restricted Nvidia AI chips over the past year. The...

Federal Judge Blocks Pentagon's Blacklisting of AI Company Anthropic

A federal judge has temporarily prevented the Pentagon from enforcing its designation of Anthropic as a national security supply-chain risk, dealing an early blow to the Trump administration in a growing dispute over...

SMIC Allegedly Supplies Chipmaking Tools to Iran's Military, U.S. Officials Warn

Chinas top semiconductor manufacturer, SMIC (Semiconductor Manufacturing International Corporation), has reportedly been transferring chipmaking equipment to Irans military industrial complex, according to two senior Trump...

Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling

Major memory chipmakers took a significant hit on Thursday after Google researchers introduced a groundbreaking compression algorithm that threatens to reduce artificial intelligence demand for memory chips. Samsung...