In November 2024, Chile’s inflation rate saw a positive drop to 4.2%, down from 4.7% in October. This shift is significant for consumers and policymakers, as it comes amid various economic challenges and uncertainties. The decrease in inflation provides hope for improving consumer behaviour and guiding economic strategies. Consumer prices…
Argentina’s central bank announced on Thursday a dramatic cut in its benchmark interest rate, from 35% to 32%. This is the latest in a string of monetary measures by the bank as the country struggles with an economic crisis marked by triple-digit inflation. President Javier Milei’s administration hopes that this…
Lululemon Athletica Inc (NASDAQ: LULU) is not very likely to command a higher multiple until it manages to lift its US sales, as per Anna Andreeva of Piper Sandler. The athletic apparel retailer topped estimates but its domestic business remained a laggard in its third financial quarter. “Historically, the number…
Uber Technologies Inc (NYSE: UBER) is in focus this morning after teaming up with WeRide to launch robotaxis in Abu Dhabi. WeRide is a self-driving startup that already holds permits for its autonomous cars in several countries, including Singapore, UAE, the United States, and its hometown – China. The Uber-WeRide…
Bitcoin’s dramatic ascent to $103,259 marks a pivotal moment in the cryptocurrency landscape, coinciding with the election of Donald Trump as president. This milestone, representing nearly a 50% gain since early November, is a harbinger of broader shifts under what many call the first pro-crypto administration in US history. Trump’s…
Affirm stock price has done well this year, and is hovering at its highest level since 2022 as demand for its services rise. It was trading at $71.88, up by 725% from its lowest level in 2023. Technicals suggest that Affirm stock could keep rising A closer look at the…
Costco stock price has been an excellent performer over the years, which has helped it become one of the biggest companies in the US. It has jumped by 620% in the past decade, bringing its market cap to $413 billion. COST shares will be in focus as it publishes its…
The DAX index continued soaring this week as focus shifted to the upcoming European Central Bank (ECB) interest rate decision. The index, which tracks the biggest blue-chip companies in Germany, rose to a record high of €20,355, bringing the year-to-date gains to about 22%. ECB interest rate cuts The DAX…
The Nifty 50 index rallied to €24,680, its highest level since October 22, and 6.7% from its lowest point in November. It rallied after the Reserve Bank of India (RBI) left interest rates unchanged. RBI interest rate decision The Nifty 50 index has crawled back in the past few days…
India’s central bank has opted to maintain its benchmark interest rate at 6.50%, prioritizing inflation control while grappling with a slowing economy. The Reserve Bank of India’s (RBI) decision, announced on Friday, aligns with market expectations but underscores the delicate balancing act required to sustain growth in Asia’s third-largest economy.…