It seems that the Federal Reserve officials are facing a significant challenge when it comes to grasping the inflation landscape in the United States. As Julian Howard, the lead investment director of multi-asset solutions at GAM, pointed out, there appears to be a glaring lack of clarity and understanding among policymakers regarding the current state
World
The Asia-Pacific markets experienced a significant decline on Tuesday following the surge in tech shares that propelled the Nasdaq Composite to record highs overnight. One notable stock that contributed to this surge was Nvidia, which saw its shares increase by more than 2% due to bullish analyst calls emphasizing the company’s strong position in the
As the week begins, Asia-Pacific markets have mostly risen in response to gains on Wall Street. Investors are eagerly awaiting economic data from various countries in the region. China decided to maintain its one- and five-year loan prime rates at 3.45% and 3.95%, respectively. This move came after the country implemented measures to boost its
The recent helicopter crash involving Iranian President Ebrahim Raisi has shocked the nation, with conflicting reports and uncertain conditions surrounding the incident. State media reported that the helicopter suffered a “crash landing” with Raisi on board, and his condition remains unclear. The harsh weather and heavy fog in the area have complicated rescue efforts, with
Benny Gantz, a centrist member of Israel’s three-member War Cabinet, has issued a threat to resign from the government if a new plan for the war in Gaza is not adopted within three weeks. The ultimatum puts pressure on Prime Minister Benjamin Netanyahu and could potentially shift the balance of power within the government. Gantz
Chet Kapoor, chairman and CEO of DataStax, has had a remarkable career in the tech industry. His journey began as a teenager with a dream of working for the iconic Steve Jobs. Kapoor’s dream eventually came true when he landed an internship at NeXT, a software company founded by Jobs. Born in Kolkata, India, Kapoor
In a recent development, the European Union has launched a major investigation into Meta, the parent company of Facebook, over potential breaches of the bloc’s stringent online content laws, particularly focusing on child safety risks. The European Commission has raised concerns about whether Meta’s platforms, including Facebook and Instagram, may be contributing to behavioral addictions
In a shocking turn of events, Slovakia’s populist Prime Minister Robert Fico was shot multiple times in what authorities are calling an assassination attempt. Fico, who is 59 years old, was rushed to a hospital in Banska Bystrica in central Slovakia for treatment. According to a post on his official Facebook page, Fico was in
Alibaba, the Chinese giant known for its e-commerce dominance, faced a significant setback in the fiscal fourth quarter as its net profit plunged, leading to a drop in its stock price. The company reported revenue of 221.9 billion yuan ($30.7 billion), slightly higher than the LSEG consensus estimates of 219.66 billion yuan. However, its net
The Asia-Pacific markets experienced a downward trend on Monday as investors digested China’s April inflation data. While China’s consumer price index exceeded expectations by rising 0.3% year on year, the producer price index fell 2.5% compared to an estimated 2.3% drop. These figures indicate a mixed outlook for the region’s economies, prompting cautious trading behaviors.