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In the rollercoaster world of cryptocurrencies — marked by price surges, plunges, and regulatory question marks — many regions have opted for strict oversight or outright rejection. Not Hong Kong. The semi-autonomous Chinese city-state is doubling down on its commitment ...

In a notable dip, the UK's annual inflation rate for July hit its lowest in 15 months, anchored by a decrease in energy costs, and aligning with economists' predictions, recent official data revealed.The Office for National Statistics (ONS) reported Wednesday ...

In a striking blow to China's once-dominant property sector, Evergrande Group, once the nation's second-largest property developer, announced its bankruptcy filing in New York this Thursday.Having defaulted on its substantial debts in 2021, Evergrande's financial missteps ignited a property downturn ...

China's economy has hit a rough patch, signalingpossible global challenges. For nearly 20 years, China's economic surge has boosted the world's economy. So, if China's economic pace slows, the remainder of the world will feel its effects.According to the country's ...

Big-box retailer Target missed its revenue mark on Wednesday and cut its yearly revenue predictions as shoppers contended with reduced spending power in the face of high inflation.The retailer also lowered its yearly sales and profit goals. This darker view ...

announcing another round of price cuts for select models in the booming Chinese market, intensifying the ongoing price tussle in the world's largest automobile market.The company announced a marked price reduction for its Model Y, with two variants set for ...

The 10-year US Treasury bond yield, which recently broke past the key 4% mark, kept rising last week and now rests at 4.16%, up from 2.87% a year ago.Bond yields play a vital role in most stock price models. In ...

The UK economy saw a small growth in the quarter ending June 30, thanks to sharp gains in manufacturing, as well as increased spending by consumers and the government.On Friday, the Office for National Statistics reported a 0.2% increase in ...

The Walt Disney Company is raising prices for its Disney+ streaming service, following its third-quarter report showing financial struggles in almost all areas except international parks.Starting October 12, the ad-free subscription for Disney+ will cost nearly 30% more each month. ...

In a worrying economic shift, China's consumer prices last month fell for the first time in over two years, a telltale sign of the slowing economic recovery following the global pandemic. Recent figures reveal a deflationary trend that threatens to ...

Moody's is currently reviewing the credit ratings of six major U.S. banks, including Bank of New York Mellon, State Street, and Northern Trust, for a possible downgrade. The agency announced late Monday that this decision is due to ongoing strain ...

Last week was a rollercoaster for global markets. Investors in the United States and Asia were jolted by several worrying signs, including a downgrade of the U.S. credit rating, an increase in Treasury yields, and China's lack of a decisive ...

Apple's quarterly earnings edged slightly higher in its quarterly report this past Thursday, despite another decrease in overall revenue. The results were buoyed by a standout performance from itsservices sector, which managed to offset a dip in iPhone sales.While iPhone ...

Global equities tumbled Wednesday following a decision by Fitch, the ratings agency, to reduce its credit score for the United States, highlighting "a consistent degradation in governance standards" and the mounting debt load of the US government.Japan's Nikkei 225 index ...

After starting the year with around $66 billion, the market capitalization of the world's largest stablecoin is now approaching the $84 billion threshold.In May, Tether Holdings Ltd. released its quarterly assurance report, revealing a net profit of nearly $1.5 billion ...