Regions Wealth Management’s chief of investments, Alan McKnight, says the US retail sales data on Nov. 25 will be “particularly important” despite it being backward-looking.It will offer fresh insight into consumer resilience ahead of the holiday season, after mixed earnings from retailers like Walmart and Home Depot.And since the Federal…
Europe is grappling with a mix of political pressure, corporate setbacks, and geopolitical maneuvering.UK business leaders are calling for a sharper, growth-focused budget, while Novo Nordisk faces disappointment after its Alzheimer’s drug failed a key trial.In France, a telecom union is challenging Amazon’s satellite ambitions over security concerns, and on…
A busy day across global politics, security, and markets:Trump and Xi held a high-stakes call on Taiwan and Ukraine, China blasted Japan over new missile deployments near Taiwan, a federal judge tossed charges against James Comey on a technicality, and Alphabet surged toward a $4 trillion valuation.A glance at the…
President Donald Trump and Chinese President Xi Jinping spoke by phone Monday morning in a strategically timed call that signaled fragile but widening cooperation on trade, while leaving deeper geopolitical tensions over Taiwan and Ukraine simmering beneath diplomatic pleasantries.Trump announced April in-person meetings in Beijing and extended an invitation for…
Russian agricultural producers are currently offloading their grain and oilseed harvests at an unprecedented rate, a trend that market analyst SovEcon attributes largely to acute financial pressures within the farming sector. This record pace of sales is a strong indicator of underlying economic difficulties faced by farmers who may be liquidating…
Global markets opened the week with a wave of developments spanning technology, cryptocurrencies, and geopolitics. Google advanced its artificial intelligence ambitions with new efforts to expand the reach of its custom chips, while Bitcoin and major altcoins rallied on increasing confidence that the Federal Reserve will cut interest rates in…
BP’s Olympic Pipeline system remained shuttered on Monday following a fuel leak near Everett, Washington, prompting an investigation by the company and authorities and forcing airlines to activate contingency plans as the busy Thanksgiving travel week ramps up.The product discharge, initially reported on November 11, led BP to shut down…
India and France have strengthened their long-standing defense partnership with a new agreement to jointly manufacture an air-to-ground precision weapon system, marking another step in New Delhi’s push to build advanced military capabilities within its borders. The pact, announced Monday by India’s Ministry of Defence, is part of a broader…
SoftBank Group shares tumbled to a 2½-month low on Tuesday, extending a sharp two-day selloff triggered by concerns that Alphabet’s latest Gemini artificial intelligence model could intensify competitive pressure on OpenAI — one of the Japanese conglomerate’s most important investments.The stock fell as much as 11% in Tokyo, following a…
Russia is looking to expand its energy partnership with China, with Deputy Prime Minister Alexander Novak announcing in Beijing on Tuesday that Moscow sees opportunities to increase oil exports and enhance cooperation on liquefied natural gas (LNG) supplies.Since Russia initiated its military action in Ukraine in February 2022, China and…