Economy
Oil Prices Sink Over 3% Amid Escalating U.S.-China Trade War and OPEC+ Supply Surge
Oil prices extended losses on Monday, falling more than 3% as escalating trade tensions between the United States and China stoked fears of a recessi…
Economy
Trump’s Trade War 2.0: How the U.S. Could Weaponize the Dollar, Tariffs, and Credit Cards
With the ink still fresh on U.S. President Donald Trump's latest batch of tariffs, some are already bracing for what may come next in his effort …
Economy
Logistics Firms Scramble to Adapt as U.S. Tightens Trade Rules on Chinese E-Commerce
Logistics companies are racing to adjust to new U.S. trade regulations first introduced under former President Donald Trump, which threaten to disrup…
Economy
Bitcoin Close to $98K: Analyzing Short and Long-Term Market Trends
Bitcoin, the leading cryptocurrency by market capitalization, is currently trading at approximately $97,652.90, showing a slight increase of 0.46% in…
Economy
Gold Prices Drop Despite Stable Dollar and Fed Rate Cut
Gold prices declined on Friday despite a steady U.S. dollar and a recent interest rate cut by the U.S. Federal Reserve. As of 7:10 a.m. GMT, December…
Economy
Crypto Consortium Launches USDG Stablecoin to Expand Global Stablecoin Use
A group of financial technology and cryptocurrency companies, including Robinhood, Kraken, and Galaxy Digital, launched a new stablecoin pegged to th…
Economy
Japan Cuts Growth Forecast as Weak Exports Hit Recovery
Japan's government on Friday lowered its GDP growth forecast for the current fiscal year, as weaker exports weigh on an already fragile economic …
Economy
Bitcoin Will Never Fully Serve as a Payment Method, Experts says
The price of bitcoin has risen by more than 340% this year, but many analysts describe it as a bubble, and believe that it will never turn into an ef…
Economy
Russian Central Bank Raises Key Rate to 21% Amid Inflation Concerns and Economic Balancing Efforts
Following a substantial rate hike, Russian Central Bank Governor Elvira Nabiullina and Deputy Governor Alexei Zabotkin held a news conference to expl…
Economy
SEC Grants Accelerated Approval for Bitcoin ETF Options on NYSE
The U.S. Securities and Exchange Commission (SEC) has granted "accelerated approval" for 11 exchange-traded funds (ETFs) to list and trad…
Economy
China's Deflation Struggle: A Growing Threat to the Global Economy
While much of the world welcomes signs of slowing inflation after a period of record price hikes, China seems to be facing a different challenge: the…
Economy
Bank Stocks Rally as Fed Rate Cut Sparks Optimism for Lower Borrowing Costs
U.S. bank stocks surged on Thursday following the Federal Reserve's decision to cut interest rates by 50 basis points, boosting optimism about lo…
Economy
China Approves Retirement Age Reform to Address Economic and Workforce Challenges
China’s top legislative body has approved a proposal to raise the country’s retirement age, the official Xinhua news agency announced on Friday. Thi…
Economy
Bitcoin's Path: From Volatility to Digital Gold – Examining the 2024 Halving and Beyond
In recent years, Bitcoin has become one of the most talked-about financial assets, with its price experiencing significant fluctuations. In 2023 alo…
Economy
BlackRock's $12.5 Billion Acquisition of Global Infrastructure Partners Approved
BlackRock , a leading global investment firm, has successfully acquired Global Infrastructure Partners in a deal valued at $12.5 billion. The acquis…
Economy
Central Bank Prepares for Rate Cuts as Unemployment Rises
Federal Reserve policymakers on Friday signaled their intention to begin a series of interest rate cuts at the central bank's upcoming meeting in…
Economy
Market Crash: Recession Fears Trigger Global Sell-Off
A seismic shockwave rattled global financial markets on Monday as investors fled from risk assets, sending stocks plummeting and safe-haven currencie…
Economy
Bitcoin Boost: Trump Promises U.S. Crypto Leadership at Nashville Conference
Republican presidential candidate Donald Trump addressed a bitcoin conference on Saturday, asserting that the U.S. must lead in the cryptocurrency se…
Economy
AI Marvels at CES 2024: A Glimpse into the Future of Technology
OpenAI boss Sam Altman will not appear at the CES trade show in Las Vegas next week. But the generative artificial-intelligence fever his startup se…
