The U.S. Consumer Price Index rose by a seasonally adjusted 0.4% for the month, resulting in a 12-month inflation rate of 2.9%. This figure was consistent with forecasts. Core CPI annual rate was 3.2%, down from the month before and slightly better than the 3.3% outlook. Stock markets surged followingRead More →
The UK is charting its own course when it comes to regulating artificial intelligence, signaling a potential divergence from the approaches taken by the United States and the European Union. This move is part of a broader strategy to establish the UK as a global leader in AI technology. UKRead More →
The latest U.S. producer price index (PPI) data indicates that wholesale inflation increased by 0.2% in December 2024, primarily driven by higher energy costs This rise was slightly less than the 0.4% gain witnessed in November 2024. Compared to a year earlier, producer prices were up by 3.3%. The riseRead More →
As we head into 2025, the landscape of artificial intelligence (AI) regulation is poised to undergo significant changes, and these shifts are likely to have a profound impact on the stock markets. The introduction of new regulations, particularly in regions like the European Union and the United States, will createRead More →
Hybrid-powered vehicles are becoming more popular than battery-only ones in China, according to latest full-year reports, even as consumers move away from fossil-fuel-only cars. Market leader BYD reported that well over half of the 4.3 million passenger cars it sold in 2024 were hybrid-powered, marking a significant reversal from 2023.Read More →
The PCE price index, the Fed’s preferred inflation gauge, showed an increase of just 0.1% from October and a 2.4% annual rate – which was below expectations. Excluding food and energy, core PCE also increased 0.1% monthly and was 2.8% higher from a year ago, with both readings being 0.1%Read More →
U.S. consumer prices rose at a faster annual pace in November 2024, a reminder that inflation remains an issue both for households and policymakers. The consumer price index (CPI) showed a 12-month inflation rate of 2.7% after increasing 0.3% on the month, the Bureau of Labor Statistics reported Wednesday 11th November 2024.Read More →
Tesla shares soared to an all-time high on Wednesday exceeding their previous record set in 2021, driven by a post-election rally and heightened enthusiasm Wall Street for Elon Musk’s electric vehicle company. The stock increased to an intraday high of $415, exceeding its previous peak by 50 cents and closedRead More →
China has reportedly initiated a probe into Nvidia, the US computer chip manufacturer, over purported breaches of anti-monopoly regulations. The company’s shares fell by over 3% following the announcement, signalling the latest development in the ongoing tech conflict between the U.S. and China over the profitable semiconductor market. Over recentRead More →
Google has unveiled a new chip which it claims takes five minutes to solve a problem that would currently take the world’s fastest super computers ten septillion or 10,000,000,000,000,000,000,000,000 years to complete. Google’s Quantum Leap: The Willow chip In a groundbreaking achievement, Google has unveiled its latest quantum computing chip,Read More →
In a historic moment for the cryptocurrency world, Bitcoin has finally breached the $100,000 mark. This milestone, reached on 5th December 2024, signifies a notable triumph for Bitcoin enthusiasts and investors who have endured the market’s volatility over the years. The cryptocurrency value surge past $100,000 followed Donald Trump’s electionRead More →
On Friday 29th November 2024, the Dow Jones reached a new record high, closing at 44,910 points after breaching 45,000 temporarily This formed part of a wider market surge that led the S&P 500 and Nasdaq Composite to also hit record peaks. It concluded a remarkable month for the stockRead 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 →
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 →
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 →
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 →
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 →
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 →
After losing the re-election to President Joe Biden in 2020, Donald Trump, the 45th president, has now been elected as the 47th. Trump’s victory sets several historic records. At the age of 78, he becomes the oldest individual to win a U.S. presidential election. He is the first president toRead More →
Abraham Lincoln, 1809 -1865 Abraham Lincoln, the 16th President of the United States, led the nation through the Civil War and played a crucial role in the abolition of slavery. He is remembered for his leadership, eloquence, and dedication to preserving the Union. Abraham Lincoln was assassinated on 14th AprilRead More →
In October 2024, non-farm payrolls saw an increase of 12,000, a significant drop from September’s figures and falling short of the 100,000 predicted The unemployment rate remained steady at 4.1%, meeting expectations. The rate of job growth in October 2024 was the slowest since the end of 2020, hindered byRead More →
Inflation saw a modest rise in September 2024, edging closer to the Federal Reserve’s target, as reported by the Commerce Department on Thursday 31st October 2024. The personal consumption expenditures (PCE) price index recorded a seasonally adjusted increase of 0.2% for the month, and the year-over-year inflation rate stood atRead More →
The U.S. economy experienced another growth spurt, albeit slightly underwhelming, growth period in the third quarter, driven by strong consumer spending that has surpassed slowdown expectations The gross domestic product (GDP), which gauges all goods and services produced from July through September 2024, rose at a 2.8% annualised pace, asRead More →
Elon Musk, the billionaire entrepreneur and CEO of Tesla and SpaceX, has recently made headlines in the U.S. with his stark predictions about the potential economic fallout if Donald Trump wins the upcoming presidential election. This is unusual, as you are more likely to hear these proposals in a crisis,Read More →