The stock market’s momentum from earlier this week, which saw the S&P 500 (INDEXSP:.INX) and the Nasdaq Composite (INDEXNASDAQ:.IXIC) reach new record highs, came to a halt on Friday (August 1). Investors were reacting to a series of mixed tech earnings reports. Many were accompanied by cautious forward-looking guidance despite…
BYD Co. reported flat year-on-year sales growth in July, delivering 344,296 vehicles, a mere 0.6% increase from the same month last year. The figure also marked a 10% decline from June, underlining the challenges facing the world’s largest electric vehicle (EV) maker. While a seasonal dip in new car sales…
Employers added just 73,000 jobs in July, sharply below expectations and the slowest pace this year, in a signal that economic uncertainty is weighing heavily on hiring decisions. The Labour Department’s report released Friday also revised down job gains from the prior two months by a staggering 258,000 positions, suggesting…
Brazil’s antitrust regulator CADE has opened an investigation into US tech giant Microsoft at the request of Norwegian browser firm Opera, which had filed a formal complaint with the regulator. At stake in the inquiry is whether Microsoft has unfairly blocked its competitors from signing up users because its Edge…
US President Donald Trump ramped up his attacks on Federal Reserve Chair Jerome Powell on Friday, urging the Fed’s board of governors to take over if Powell doesn’t move quickly to slash interest rates.The statement came after the Fed held its key interest rate steady at 4.25% to 4.50%.That decision…
US President Donald Trump announced on Friday that he has ordered the deployment of two nuclear submarines to regions near Russia as a direct response to what he described as “highly provocative statements” made by Dmitry Medvedev, former Russian president and current Deputy Chairman of Russia’s Security Council.Trump emphasized the…
Private equity-backed insurers are intensifying their presence in the UK’s booming pension risk-transfer market, securing deals worth $10.7 billion in just the past month. As British corporations continue to shed defined-benefit pension liabilities to refocus on core business activities, the £1.4 trillion ($1.8 trillion) sector has become a lucrative target…
One year into the Bank of England’s interest rate cutting cycle, UK households are yet to see meaningful financial relief. Despite four rate reductions since July 2024 and expectations for a fifth this week, the overall burden on consumers has grown, underscoring the complexity of easing monetary policy amid lingering…
The highlights of the week in terms of crypto in Latin America are that the US is raising tariffs for Brazil, and the trickle-down effect on how it influences investor behaviour around crypto, as increased economic frictions increase demand for cryptocurrencies like Bitcoin and stablecoins.Bolivia, on the other hand, is…
US stocks kicked off August with a sharp retreat as the Trump administration announced reciprocal tariffs on several countries – with levies ranging from 10% to 41%.A disappointing monthly jobs data (July) revealing ongoing labour market weakness added further to investor woes, triggering a notable decline of as much as…