The S&P 500 has been confined to a tight range for the past few months, causing concern among investors and analysts. Many believe that the benchmark is overly dependent on a handful of giant growth stocks, leaving the majority of the market to languish. While there are some familiar echoes of past traumatic market episodes,
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Hyundai Motor Company is planning to increase its production capabilities as it aims to be one of the world’s top three electric vehicle (EV) manufacturers by 2030. The company is investing heavily in research and development, expanding its EV lines, building new plants and platforms, and increasing production capacity. The automaker is now developing two
China’s consumer price index rose 0.1% in April year-on-year, marking its slowest growth since early 2021. However, prices declined by 0.1% month-on-month. Economists surveyed by Reuters had predicted consumer prices would rise by 0.4% from a year ago and remain unchanged from the previous month. April’s reading follows China’s inflation rate easing to 0.7% in
SoftBank, a Japanese conglomerate, announced a record loss for its Vision Fund for the fiscal year ending on March 31. This comes despite a recent rally in tech stocks, which has not helped the company’s flagship investment unit. Vision Fund Performance The Vision Fund segment of SoftBank posted a loss of 4.3 trillion Japanese yen
In a move to tame stubbornly high inflation, the Bank of England raised interest rates by 25 basis points. The Monetary Policy Committee voted in favor of the quarter-point increase, taking the main bank rate from 4.25% to 4.5%. The headline consumer price index rose by 10.1% in March, driven by high food and energy
The Bank of England (BOE) has defended its decision to upgrade the UK’s growth forecast, which it called its “biggest upgrade” ever. BOE Governor Andrew Bailey said the change reflected the rapidly shifting economic landscape. The bank had previously predicted the longest-ever recession in the country, but now believes that the UK will not enter
London is widely viewed as a great place to establish a tech company, but it struggles to attract investors when it comes to going public. Several high-growth tech businesses in London have learned this lesson the hard way. When the food delivery company Deliveroo went public in 2021, the company’s stock quickly plummeted 30%. Investors
Oil prices have experienced their third weekly decline in a row, marking the longest losing streak of the year. However, analysts predict that this downward trend may be coming to an end. Citi’s Global Head of Commodities Research, Ed Morse, cited multiple signs indicating that oil prices are bottoming out. Morse noted that inventories have
The CEO of Standard Chartered bank, Bill Winters, told CNBC that the US Federal Reserve is set to temporarily pause its aggressive monetary tightening agenda following the central bank’s decision last week to raise interest rates by 25 basis points; a move that signaled it plans to hold steady at its next meeting in June.
New data from the Bureau of Labor Statistics reveals that the US labor market remained strong in April, despite signs of a broader economic slowdown. Nonfarm payrolls increased by 253,000, which is more than the 180,000 that had been estimated by Dow Jones. This indicates that the labor market is still able to show resilience