US equity benchmarks rose slightly on Friday as investors assessed the Federal Reserve’s interest rate cut on Thursday. The US Fed cut interest rates by 25 basis points on Thursday, and Chair Jerome Powell hinted at further easing of monetary policies in the coming months. At the time of writing,…
The Organization of the Petroleum Exporting Countries’ recent decision to extend its production cuts till the end of January has added more uncertainty to the oil market as we approach 2025. On Sunday, the cartel and its allies had extended the voluntary production cuts till the end of December to…
French lawmakers took a significant step on November 7 by passing legislation to tighten the regulation of tourist accommodations like Airbnb. This move, which has been in development since April 2023, aims to limit tax breaks for properties used for short-term rentals in an effort to counteract the nation’s affordable…
After a protracted 22-year legal battle to secure its trademark in mainland China, luxury shoemaker Manolo Blahnik has finally made its grand entrance. The iconic brand, famed for its celebrity clientele and prominent appearances in the hit television series ‘Sex and the City’, has opened its first boutique in Shanghai’s…
Donald Trump, once again elected as President of the United States, is yet to officially assume office. However, his well-publicized promise to enforce new tariffs on Chinese goods has already sent ripples through the global business community. Having triggered a substantial production shift away from China during his first tenure…
Officials from Donald Trump’s transition team are reportedly preparing a shortlist of candidates for major financial agency leadership positions, including the Securities and Exchange Commission (SEC). According to sources cited by Reuters, these candidates include Robinhood’s chief legal and compliance officer, experienced bank regulators, and corporate attorneys. Cointelegraph@Cointelegraph·Follow🇺🇸 LATEST: Robinhood…
China announced a sweeping $1.4 trillion package on Friday aimed at addressing the pressing issue of local government debt, with further economic measures expected next year. Minister of Finance Lan Fo’an revealed that the government plans to use available deficit space to support these efforts, a strategy he previously described…
US stocks remain resilient following the Federal Reserve’s decision to lower its key interest rate by another 25 basis points on Thursday. According to the post-meeting statement: The Committee judges that the risks of achieving its employment and inflation goals are roughly in balance. Lower interest rates are generally considered…
Shares of Trump Media soared on Friday after President-elect Donald Trump reiterated that he has no intention of selling his stake in the company behind Truth Social. He also called for an investigation into those spreading contrary rumors. Trump’s statement, shared on Truth Social, marked his first personal message since…
Brazil’s stock market, represented by the Ibovespa index, faced a challenging week, with the index falling by 1.3% on Friday, dipping below the critical 128,000-point mark. This decline marks the third consecutive day of losses for the index, and the São Paulo exchange is set to close the week with…