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Train Strike Threatens German Economy

Train Strike Threatens German Economy

Economy news
4 months ago

As German train drivers commenced their longest strike on Wednesday, the economic implications are becoming increasingly concerning. The strike, which is expected to last for six days, is causing significant disruption to both passenger and freight t...

Netflix Wins More Subscribers, Stock Climbs

Netflix Wins More Subscribers, Stock Climbs

Stocks news
4 months ago

Netflix experienced significant growth in the fourth quarter, surpassing expectations with over 13 million new subscribers, largely driven by international markets. The company's total subscriber count soared to 260.3 million, resulting in a 7%...

Bitcoin Falls Below $39,000 in Post-ETF Tumble

Bitcoin Falls Below $39,000 in Post-ETF Tumble

The post-ETF euphoria that characterized the crypto world is subsiding. Bitcoin's recent fall continues, sinking to its lowest point since early December. As of Tuesday, the cryptocurrency was hovering around $38,767.10, marking the first instan...

Japan's Inflation Slows to 2.3%, Yen Rebounds

Japan's Inflation Slows to 2.3%, Yen Rebounds

Economy news
4 months ago

Japanese consumer inflation slowed in December for the second consecutive month, reaching 2.3%. This marked a decrease from the previous month's 2.5% figure, aligning with market expectations. The year-long cooling trend has seen inflation fall...

China's Economy Achieves 5.2% Growth in 2023

China's Economy Achieves 5.2% Growth in 2023

Economy news
5 months ago

In 2023, China's economy expanded by 5.2%, aligning with the government's target, despite facing many challenges. The growth, mirroring the same rate in the last quarter compared to the previous year, was described by the National Bureau of Statistic...

Airline Stocks Are Taking a Battering

Airline Stocks Are Taking a Battering

Stocks news
5 months ago

In a tumultuous start to the year, shares of airline companies have felt the impact of several concurrent factors. The NYSE Arca Airline Index has plummeted 15%, significantly lagging behind the S&P 500's modest 0.6% decline.Boeing's woes have se...

IMF Chief Warns of AI Risks but Highlights Potential for Growth

IMF Chief Warns of AI Risks but Highlights Potential for Growth

Economy news
5 months ago

The International Monetary Fund (IMF) chief, Kristalina Georgieva, warned of the potential risks of artificial intelligence (AI) to job security but emphasized the "tremendous opportunity" it offers to boost global productivity.According to the IMF,...

Boeing's Stock Plunges Over New FAA Safety Concerns

Boeing's Stock Plunges Over New FAA Safety Concerns

Stocks news
5 months ago

Boeing's stock experienced a significant drop following a report that cast doubts on the company's ability to clear a new federal safety audit. The concerns come in the wake of a recent incident involving an Alaska Airlines 737 Max 9, where part of t...

Microsoft Surpasses Apple as Most Valuable Company

Microsoft Surpasses Apple as Most Valuable Company

Stocks news
5 months ago

Microsoft has reclaimed its position as the most valuable publicly traded company in the world, surpassing Apple, a title it had not held for most of the past decade. At the close of the market on Friday, Microsoft's stock price stood at $388.47...

Bitcoin Rallies to 2-Year High of $49,000

Bitcoin Rallies to 2-Year High of $49,000

Bitcoin climbed in frantic trading Thursday after the Securities and Exchange Commission (SEC) conditionally approved the first-ever spot Bitcoin ETFs to trade in the U.S., as expected.The cryptocurrency was last up 1% at $46,289.15. Earlier, it push...

Green Light for Bitcoin ETFs Marks a Crypto Turning Point

Green Light for Bitcoin ETFs Marks a Crypto Turning Point

In a groundbreaking decision, the U.S. Securities and Exchange Commission (SEC) has approved the establishment of bitcoin exchange-traded funds (ETFs) in the United States. This move, announced on Wednesday, is expected to revolutionize investor...

Middle East Outshines Global Fintech Funding Slump

Middle East Outshines Global Fintech Funding Slump

Economy news
5 months ago

Amid a challenging global fintech funding environment, the United Arab Emirates (UAE) emerged strongly, registering a remarkable 92% surge in total investment during 2023. This stands in stark contrast to the global downturn, where fintech investment...

Japan’s Nikkei Hits 33-Year High

Japan’s Nikkei Hits 33-Year High

Economy news
5 months ago

Asia-Pacific markets mostly rose this week, rebounding from a sell-off in the previous session, with the Nikkei 225 hitting a 33-year high on the back of gains in tech stocks. The index scaled an intraday peak of 33,969.17, its highest level since Ma...

Robust Nonfarm Payroll Data Signals Economic Resilience

Robust Nonfarm Payroll Data Signals Economic Resilience

Economy news
5 months ago

The U.S. economy added 216,000 jobs in December 2023, exceeding expectations and bolstering confidence in the economy's path. The figure significantly surpassed market forecasts, which anticipated 170,000 new jobs, as the Bureau of Labor Statistics r...

The Stock Markets Face Economic Uncertainty in 2024

The Stock Markets Face Economic Uncertainty in 2024

Economy news
5 months ago

The stock market's journey in 2024 began with turbulence, wiping away some of the gains achieved during the year-end rally. The S&P 500 index lost 1.4%, while the Nasdaq Composite and the Dow Jones Industrial Average dropped 2.8% and 0.7%, respec...

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