Annual euro zone inflation rose to 2.3% in November 2024, statistics agency Eurostat said Friday 29th November 2024, climbing back above the European Central Bank’s 2% target. Analysts had expected the 2.3% annual rate for the month, up from 2% in October. Markets have fully priced in a 0.25% interestRead More →
Bitcoin flirted with the $100,000 mark, coming within less than $1,000 of that psychological threshold. However, it failed to breach this peak, falling back to as low as $90,702. on Tuesday 26th November 2024. It has since rallied, trading at approximately $96,697 early on 29th November 2024. But still offRead More →
The Personal Consumption Expenditures (PCE) price index announced 27th November 2025, rose by 0.2% monthly, matching a 12-month inflation rate of 2.3%, aligning with expectations. Core U.S. inflation recorded more robust figures, climbing 0.3% monthly and reaching an annual rate of 2.8%, but also in accordance with forecasts. Consumer spendingRead More →
Marcel Proust (1871-1922) He was a French novelist, essayist, and critic, best known for his monumental work “In Search of Lost Time” (originally titled “À la recherche du temps perdu”). This seven-volume novel, published between 1913 and 1927, is considered one of the greatest achievements in modern literature1. It exploresRead More →
In October 2024, China’s industrial profits fell by 10% compared to the previous year, indicating that the stimulus measures have not yet countered the downturn in corporate earnings. This decline represents the third consecutive month of falling profits, succeeding a 27% year-on-year drop in September 2024, which was the mostRead More →
The United Kingdom has given the world an impressive array of groundbreaking inventions that have transformed various aspects of modern life From Isaac Newton’s reflecting telescope in 1668 to Frank Whittle’s jet engine in 1937 and Tim Berners-Lee’s creation of the World Wide Web in 1989. British inventors have continuallyRead More →
In a significant turn of events, the 2024 U.S. elections have ushered in what many are calling the most pro-crypto Congress in history. The significant shift in political dynamics is largely due to the substantial financial support from the cryptocurrency industry, which has strategically funded political campaigns to foster aRead More →
Bitcoin reaches a new record high, nearing the $100,000 mark as the cryptocurrency rally marches on. Other altcoins are rallying too, basking in the aftermath of the SEC resignation news. Gary Gensler, Chair of the Securities and Exchange Commission, will step down on 20th January 2025 (Trumps inauguration day), anRead More →
Is Nvidia competing with itself now? Nvidia third-quarter earnings beat expectations, but shares dropped 2.5% in extended trading. The company’s revenue surged 94% year on year to $35.08 billion in the quarter ended 27th October 2024. Net income climbed 109% from a year ago to $19.3 billion. Sales of Nvidia’s next-generationRead More →
The U.S. stock market has been a topic of much debate among investors and analysts, especially regarding its valuation levels. As of the end of 2024, several indicators suggest that U.S. stocks might be overvalued. Buffet indicator One of the most watched metrics is the Buffett Indicator, named after theRead More →
The inflation rate, which measures price changes, hit 2.3% in the year to October 2024, a bigger-than-expected increase from 1.7% in September 2024. The increase was in part due to an increase in the regulator-set energy price cap that took effect in October 2024, which is expected to increase energyRead More →
Tesla shares enjoyed a Trump pump on Monday 18th November 2024 after reports that President-elect Donald Trump’s team intend to prioritise a federal framework for regulating autonomous vehicles within the U.S. Department of Transportation. Elon Musk was a prominent advocate in the business sector for Trump’s re-election campaign leading upRead More →
The inauguration of Chancay Port in Peru represents a significant development in China-Peru relations and is set to revolutionise trade facilities within Latin America. This $3.5 billion mega port, opened by Chinese President Xi Jinping and Peruvian President Dina Boluarte, is a component of China’s Belt and Road Initiative (BRI)Read More →
Gold prices have fallen to near a two-month low as the dollar strengthens in the wake of Donald Trump’s election victory last week. This downturn has halted the bullion’s rally, which had achieved a series of record highs over the past year. Gold has seen a decline in six ofRead More →
The UK economy expanded by just 0.1% from July to September 2024, as announced in the most recent official data release. The growth was less than anticipated, and the Office for National Statistics (ONS) reported that most sectors experienced subdued activity over the quarter. Labour, having prioritised economic growth uponRead More →
In October 2024, the U.S. consumer price index rose by 0.2%, bringing the annual inflation rate to 2.6%, aligning with expectations, according to the U.S. Bureau of Labor Statistics. The core CPI, which excludes food and energy, saw a monthly increase of 0.3% and an annual rate of 3.3%, alsoRead More →
The purchase of Meme coins is often viewed as indicators of retail interest and the willingness to take risks in the cryptocurrency market. Increased activity in meme coins typically signals that retail investors are engaging and are inclined to speculate more aggressively on the risk spectrum. Trump initially proposed theRead More →
Samsung’s struggle in the AI race Samsung, previously a powerhouse in the semiconductor industry, has encountered significant hurdles in the AI competition, leading to a notable decline in market value. The company’s faltering stance can be attributed to a variety of factors, such as strategic errors, fierce competition, and swiftRead More →
Elon Musk’s Vision for Tesla’s Trillion Dollar Future Elon Musk, the visionary CEO of Tesla, has consistently set ambitious goals for the company. Among his most audacious claims is that Tesla could potentially become a multi trillion-dollar company and even reach a valuation of $25 trillion, largely driven by theRead More →
Bitcoin has achieved a new all-time high, surpassing $82,000, and has continued to climb. This suggests that investors are confident the world’s leading cryptocurrency will gain even more, following U.S. elections that resulted in a significant number of pro-crypto candidates being elected. During his campaign, President-elect Donald Trump vowed toRead More →
The U.S. stock market sunbathed in another day of records on Friday 8th November 2024. The Dow and S&P 500 recorded their best week in a year after Trump’s election win. The Dow Jones Industrial Average rose 259.65 points to close at 43,988.99 and broke the 44,000 barrier in intraday trading. TheRead More →
More new records set in extended U.S. post-election rally The S&P 500 and Nasdaq climbed on Thursday 7th November 2024, extending the rally following the victory of President-elect Donald Trump, while traders considered the implications of the Federal Reserve’s recent rate reduction. The S&P 500 rose to close at anRead More →
The Federal Open Market Committee (FOMC) has reduced its benchmark overnight borrowing rate by 0.25%, bringing it to a target range of 4.50%-4.75%. This move follows September’s significant 0.5% cut. The overnight borrowing rate, while primarily affecting interbank lending rates, also typically impacts consumer debt products including mortgages, credit cards,Read More →
The Bank of England cut interest rates by 0.25% Thursday 7th November 2024, even as Labour’s budget announcement confuses the outlook for future policy easing. The anticipated reduction, marking the central bank’s second this year, lowers the key rate to 4.75%. Financial markets had forecast a high probability of the quarter-point decreaseRead More →
China exports reportedly rose by 12.7% year on year to $309.06 billion in October 2024 – the highest jump since March 2023 when they rose 14.8% according to recent data reports. Imports, however, declined by a more-than-expected 2.3% in October, according to customs data. The world’s second-largest economy is facingRead More →
Bitcoin’s origin is one of the most captivating mysteries of the digital age. The cryptocurrency was created in 2008 by an unknown individual or group under the pseudonym Satoshi Nakamoto. Despite numerous investigations, the true identity of Nakamoto remains shrouded in secrecy. Story The story of Bitcoin begins with theRead More →