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U.S. crude oil shed more than 10% in 2023, marking its first annual decrease since 2020. Brent crude recorded a 10.32% decrease over the same period. Bearish sentiment prevailed as concerns about oversupply emerged, driven by record production outside OPEC. The ...

In a year marked by substantial legal actions within the crypto industry, the United States has taken the lead in enforcing regulations and penalties against major crypto players. This move positions the US as a global leader in crypto regulatory ...

Heading into the the new year, U.S. stocks and bonds are showing robust momentum. However, there are stillpotential risks. The year 2023 began with challenges for stocks, including rising interest rates and geopolitical tensions. Despite this, major equity averages ended the ...

In the third quarter of 2023, the US economy showed a slightly slower but still vigorous growth, with GDP expanding at an annualized rate of 4.9%, a modest decline from the previously reported 5.2%. This performance, the strongest in nearly two ...

The price of Bitcoin has seen a significant surge in 2023, partially driven by anticipation for the introduction of the first U.S. spot Bitcoin exchange-traded fund (ETF). This groundbreaking development is expected torevolutionize the cryptocurrency investment landscape.Individual and institutional investors alike ...

Surging by the biggest margin since 2009, Spain's top 35 companies saw an impressive aggregate growth of 22% in 2023. Reclaiming pre-pandemic levels, the Madrid IBEX 35 stock index reflected this strong performance.The main reasons behind the rally include the ...

Nike on Thursday unveiled plans to cut costs by about $2 billion over the next three years as it lowered its sales outlook.The stock fell about 10% after hours. Nike shares were up 4.7% so far this year through Thursday’s ...

U.S. stocks experienced a robust week fueled by Federal Reserve Chair Jerome Powell's hints of a potential end to the current rate-tightening cycle and positive sentiments from Treasury Secretary Janet Yellen. The S&P 500, Dow Jones, and the Nasdaq all posted ...

In 2023, Spain and Germany marked a significant milestone in renewable energy, with both countries generating over 50% of their electricity from renewable sources. Spain achieved 50% renewable energy generation, a significant increase from 42% in the previous year, while ...

In a remarkable turnaround, Greece has emerged from the depths of a devastating debt crisis to become a symbol of renewed economic vigor. Once plagued by double-digit unemployment, surging treasury bond yields, and plummeting asset prices, the country has resurfaced ...

In a welcome respite for consumers, gasoline prices in the U.S. have plunged to their lowest levels since mid-2022, propelled by record-breaking domestic oil production. Last Wednesday, the national average price for regular unleaded gasoline stood at $3.12 per gallon, ...

On Thursday, Intel revealed its latest advancements in computer chips, featuring the Gaudi3, a new artificial intelligence chip tailored for generative AI applications. Slated for release next year, Gaudi3 aims to rival similar offerings from Nvidia and AMD, which currently ...

Pfizer released a disappointing 2024 forecast on Wednesday, broadsiding shares as the pharmaceutical giant navigates a deep plunge in sales related to the Covid-19 pandemic.The company, which reported more than $100 billion in revenue in 2022 due to the boost ...

As AI becomes mainstream, the Bank of England's (BOE) Financial Policy Committee is heightening its focus on the systemic risks emerging from AI's expanding presence in the financial sector.The central bank has initiated an official investigation into these concerns, specifically ...

Argentina will not join BRICS under newly elected President Javier Milei. The country was previously set to join the inter-governmental economic organization comprising China, Russia, Brazil, India, and South Africa.Argentina received a formal invitation to join the group on January ...