Brazil’s financial scene at the end of 2024 is a bit of a mixed signal, catching the eye of both market analysts and investors. The Ibovespa index, which acts as a barometer for the Brazilian economy, managed a slight climb of 0.2%, pushing past the 120,300 mark this past Monday.…
Bitcoin’s remarkable rally in 2024 stunned the world but with the advent of the new year only hours away, the rally seems to be stalling. The cryptocurrency, which surged to a record high of $108,000 in mid-December, was trading at $93,670 early Monday in New York, 16% below the high.…
The debate surrounding the true nature of cryptocurrency continues to evolve, with San Francisco Federal Reserve President Mary Daly weighing in on the matter. In a recent interview, Daly argued that crypto should be considered its own distinct asset class, rather than being grouped alongside gold as is often the…
According to a letter sent to Congress, Chinese state-sponsored hackers accessed sensitive Treasury data through a compromised cloud-based service provided by BeyondTrust Inc. While the department has contained the immediate threat, the incident reveals significant risks in outsourcing critical infrastructure to external vendors. This breach comes amid escalating concerns over…
The US economy is heading into 2025 with strong momentum, but significant uncertainties could alter its trajectory. A strong 3% GDP growth rate in 2024 and the addition of nearly 2 million jobs have defied predictions of a slowdown. Many were once again left anticipating a recession that never came.…
China’s factory activity showed signs of sustained expansion in December, with the official manufacturing purchasing managers’ index (PMI) remaining above the critical 50-point threshold for the third consecutive month. The PMI stood at 50.1 in December, slightly down from 50.3 in November, according to data from the National Bureau of…
Emerging markets (EM) delivered notable returns in 2024 with most regions closing the year with gains. According to a Reuters report, the MSCI Emerging Markets Index is set to end the year 5% higher. Singapore led the charge with a 17% annual gain, its best performance since 2017, while Kuala…
Wizz Air, the Hungarian low-cost airline, is facing significant operational headwinds as it continues to grapple with engine-related issues. On Tuesday, the airline announced that it has signed a new support agreement with defense and aerospace firm RTX’s Pratt & Whitney. This agreement comes as Wizz Air expects to keep…
The FTSE 100 had a solid year overall aided by the Labour party’s landslide victory in the general election, and the Bank of England starting to cut interest rates in what collectively helped boost UK stocks. The UK’s blue-chip index is up 5.35% this year, after reaching an all-time high…
President Xi Jinping has announced that China’s gross domestic product (GDP) is projected to expand by approximately 5% for the full year of 2024, indicating that the world’s second-largest economy is on track to meet its official growth target. This disclosure caps off a year marked by economic uncertainty and…