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Despite persistent recession fears, continued interest rate hikes, a spending slowdown, and a housing crunch, US stock markets are on the edge of bull market territory.The S&P 500 has recently experienced a strong rebound, climbing nearly 20% from its lows ...

The United States Securities and Exchange Commission (SEC) has taken legal action against Binance, the world's largest cryptocurrency exchange, as well as its CEO and founder, Changpeng Zhao. The SEC's lawsuit accuses Binance of multiple violations, including the failure to restrict ...

This week, the Labor Department confirmed that the U.S. economy continued its robust job creation in May, surpassing expectations despite facing various challenges. Both public and private-sector payrolls experienced a significant surge of 339,000, outperforming the estimated 190,000 new jobs ...

China's small and medium-sized factories showed encouraging signs of expansion last month. This unexpected growth has reduced market concerns about potential economic stagnation in the world's second largest economy. Although Beijing's economy is recovering from the impact of the COVID-19 ...

The recently unveiled US debt ceiling deal between President Joe Biden and House Speaker Kevin McCarthy has shed light on an interesting aspect of the agreement: the removal of several proposed taxes, including the controversial Digital Asset Mining Energy (DAME) ...

Global investors cautiously welcomed news of an agreement that could stave off a catastrophic US debt default. Global stocks and oil prices were higher on Monday. Germany's DAX (DAX) rose by 0.3% in early trading, while France's CAC 40 (CAC40) ...

Driven by the stellar rise of AI technologies, shares of chip maker Nvidia exploded 28% higher Thursday after reporting earnings and sales that surged well above Wall Street’s already-high expectations. It was enough to make investors temporarily forget about America’s dangerous ...

According to the International Energy Agency (IEA), investments in solar projects are expected to outstrip investments in oil production for the first time ever in 2023.The Paris-based energy watchdog revealed that annual investments in renewable energy have surged by approximately ...

Economic growth in the eurozone experienced a slight decline in May, reaching a low point not seen in three months. This downward trend can mainly be attributed to a decrease in industrial production.Although growth within the 20-country region managed to ...

Heavy layoffs are continuing to hit the tech sector. This week it is expected that job cuts will cross 200,000 after Meta removes thousands of employees in its latest round of planned layoffs.Industry sources estimate that a total of 696 ...

Pakistan has been torn by unrest since former Prime Minister Imran Khan was arrested earlier this week, complicating efforts to secure a financial lifeline from the IMF that promised to alleviate the country's worsening economic crisis. Indeed, the country is gearing ...

The University of Michigan has released a study indicating that the US inflation expectation index for the next five to 30 years has breached a 12-year upper mark of 3.2%.In related news, the consumer sentiment index fell to 63.5, contrasted ...

Leisure and hospitality businesses in the US are bouncing back after the pandemic, with booking activity approaching pre-COVID 19 levels.Despite many economists predicting a recession later this year, hospitality demand has been robust. This is positive news for a sector ...

Pakistan has been torn by unrest since former Prime Minister Imran Khan was arrested earlier this week, complicating efforts to secure a financial lifeline from the IMF that promised to alleviate the country's worsening economic crisis. Indeed, the country is gearing ...

On Thursday, the Bank of England (BOE) increased interest rates by 0.25 percentage points in its effort to combat out-of-control inflation. The decision marks the 12th consecutive interest rate hike, bringing the main borrowing rate in the UK to 4.5%, ...