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Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November. At the time of writing, the Dow Jones Industrial Average was down 0.2%, and the Nasdaq Composite was also 0.2% lower. The S&P 500 also shed 0.2% on Thursday. The producer prices…
The IBC-Br Index of Economic Activity in Brazil, a key indicator of economic performance, rose 0.1% month on month in October 2024. This increase comes after a significant revision to September’s numbers, which showed a healthy expansion of 0.9%. While October’s slight increase was disappointing, it exceeded market forecasts, which…
Argentina’s economy has just suffered a significant setback, contracting by 2.6% in the third quarter of 2024 as compared to the same period the previous year. This is a noteworthy milestone since it represents the sixth consecutive quarter of year-on-year contraction in Gross Domestic Product (GDP), depicting a bleak picture…
The speaker of South Korea’s National Assembly has officially signed and delivered the impeachment motion against President Yoon Suk Yeol to the Constitutional Court. The historic decision marks the third time an impeachment motion has been approved by the nation’s parliament. The Constitutional Court now has up to 180 days…
Few could have predicted the remarkable market performance in 2024. Starting the year with low equity valuations, recessionary warnings, and cautious investor sentiment, the stage seemed set for challenges. Yet, a steady stream of interest rate cuts by the Federal Reserve, along with growing confidence in AI’s transformative potential, proved…
The “Magnificent Seven” group of megacap tech companies reached an unprecedented milestone as their collective valuation exceeded $18 trillion. According to Dow Jones Market Data, their combined worth now surpasses the gross domestic product (GDP) of every country in the world, excluding the United States and China. This incredible valuation…
Broadcom Inc (NASDAQ: AVGO) chief executive Hock Tan says the company has secured two new hyperscale customers for its custom AI chips. The announcement follows a report that AVGO is working with Apple Inc on a custom chip. So, it’s conceivable that one of the new customers CEO Tan talked…
The IBC-Br Index of Economic Activity in Brazil, a key indicator of economic performance, rose 0.1% month on month in October 2024. This increase comes after a significant revision to September’s numbers, which showed a healthy expansion of 0.9%. While October’s slight increase was disappointing, it exceeded market forecasts, which…
Argentina’s economy has just suffered a significant setback, contracting by 2.6% in the third quarter of 2024 as compared to the same period the previous year. This is a noteworthy milestone since it represents the sixth consecutive quarter of year-on-year contraction in Gross Domestic Product (GDP), depicting a bleak picture…