Dollar continued its decline overnight as risk-on sentiment prevailed, with S&P 500 and NASDAQ notching their eighth consecutive positive session. Investor optimism has been buoyed by recent economic data suggesting that the US economy is Read more…
The Jackson Hole Economic Symposium is a significant event in the financial world, with a long history that dates back to 1982. It attracts central bankers, policymakers, academics, and journalists from around the globe. Held Read more…
RBA’s August meeting minutes revealed a thorough discussion on the merits of both a rate hike and a rate hold, ultimately leading to the decision to keep interest rates unchanged at 4.35%. The minutes reiterated Read more…
Sydney – 5 and 6 August 2024 Members present Michele Bullock (Governor and Chair), Andrew Hauser (Deputy Governor), Ian Harper AO, Carolyn Hewson AO, Steven Kennedy PSM, Iain Ross AO, Elana Rubin AM, Alison Watkins AM Members had granted leave of absence to Carol Schwartz AO, in accordance with section 18A of Read more…
New Zealand’s goods exports saw a robust increase of 14% yoy in July, reaching NZD 6.1B. Goods imports also rose by 8.5% yoy to NZD 7.1B, leading to a trade deficit of NZD -963m, a Read more…
ECB Governing Council member Olli Rehn highlighted growing concerns about Eurozone’s economic outlook, stating that the “recent increase in negative growth risks” has strengthened the case for a rate cut at the next monetary policy Read more…
Alcoholic beverage industries have faced financial distress over the past three years, leading to bankruptcy filings. The reasons for the industries’ economic problems have included fallout from the effects from the Covid-19 pandemic, rising inflation, Read more…
For all the ills people like to bring up about social media and internet culture, one of the best advancements of our age has been because of our increasing online presence. Thanks to the rapid Read more…
Tesla (TSLA) is ramping up its efforts to develop its humanoid robot Optimus, which is expected to launch at the end of 2025. The robot, which is also known as Tesla Bot, will be “capable Read more…
With the Democratic National Convention kicking off on August 19, the 2024 U.S. Presidential election season is in full swing. Vice President Kamala Harris is expected to accept her party’s nomination at the United Center Read more…