The US Bureau of Labor Statistics released the July Consumer Price Index report on Tuesday, showing inflation steady at 2.7% year-over-year, matching June’s rate and just a touch below economists’ 2.8% forecast.This is the third month in a row with inflation under 3%, showing that price pressures are still there…
On Monday, Brazilian President Luiz Inácio Lula da Silva held a phone call with Chinese President Xi Jinping, which lasted an hour and revolved around the role of BRICS in the changing global order and their trade relations over the next few years. The leaders, according to comments attributed to…
The first half of 2025 saw global markets oscillate largely between two bookends, i.e. optimism and caution, a trend driven by easing inflation, geopolitical flare-ups, and the enduring technology boom. In fact, a recent study of 112 global indices revealed that an impressive 88 of them rose while 24 fell…
The delicate balance of global supply chains is under unprecedented strain, particularly in the critical realm of rare earth elements. China, a dominant force in this sector, has wielded its influence with increasing assertiveness, triggering a scramble among Western nations, most notably the US, to secure their own strategic mineral independence. The…
Shares of Cava Group Inc. tumbled by more than 22% in pre-market trading on Wednesday, extending steep after-hours losses from Tuesday, after the Mediterranean fast-casual chain lowered its full-year same-store sales forecast. The move comes as the company faces challenging comparisons with last year’s performance and navigates what its chief…
Two and a half years of war have reshaped Europe’s security map, altered trade flows, and reminded us how influential sanctions can be.The latest developments in the Russia-Ukraine war are starting to shape what could perhaps be the final path. With both countries’ economies in bad shape and big rounds…
The US Bureau of Labor Statistics released the July Consumer Price Index report on Tuesday, showing inflation steady at 2.7% year-over-year, matching June’s rate and just a touch below economists’ 2.8% forecast.This is the third month in a row with inflation under 3%, showing that price pressures are still there…
On Monday, Brazilian President Luiz Inácio Lula da Silva held a phone call with Chinese President Xi Jinping, which lasted an hour and revolved around the role of BRICS in the changing global order and their trade relations over the next few years. The leaders, according to comments attributed to…
Intel Corp (NASDAQ: INTC) is in focus on Tuesday after Craig Barrett, its former chief executive, issued a stark warning: the US can’t afford to lose the company’s cutting-edge chip manufacturing capabilities.In a recent commentary, Barrett emphasised INTC’s strategic importance to national security and technological leadership. His message is clear:…
Pony AI Inc (NASDAQ: PONY) says its top-line soared 76% on a year-over-year basis as robotaxi fare-charging revenues more than quadrupled in the second quarter (Q2).On Tuesday, the company disclosed aggressive progress in scaling its Gen-7 robotaxi fleet as well. Still, the autonomous driving technology stock is down roughly 10%…