June's reading of the Fed's preferred inflation gauge showed a slightly higher-than-expected price increase. The core Personal Consumption Expenditures (PCE) index, which excludes food and energy costs and is closely monitored by the Federal Reserve, rose 2.6% year-over-year in June, surpassing economists' 2.5% estimate and remaining unchanged from May. Despite this, the June figure represents …
Barack and Michelle Obama have endorsed Kamala Harris for the Democratic presidential nomination, significantly bolstering her campaign to unify the party behind her bid for the White House against Donald Trump. The former president and first lady announced their support in a video released on Friday, where they shared a phone call with Harris to …
Markets seem comfortable with the prospect of a second Donald Trump presidency, but are they overlooking the risks? According to Ernie Tedeschi from Yale University, the answer is yes. In a piece for the Financial Times, he highlights “rising political risk” that he believes is being “underpriced by markets.” Tedeschi, who served as the chief …
A rock on Mars recently revealed an unexpected treasure after Curiosity accidentally cracked through its seemingly ordinary exterior. When the rover, weighing 899 kilograms (1,982 pounds), rolled over the rock, it broke open to reveal yellow crystals of elemental sulfur, or brimstone. While sulfates are relatively common on Mars, this is the first discovery of …
Big Tech stocks are losing their appeal as investors shift focus to smaller companies and previously neglected sectors. Over the past week, the Russell 2000 small-cap index surged by 7%, driven by falling inflation and a brighter earnings outlook. This shift has seen the once-dominant "Magnificent Seven" megacap tech stocks decline. These losses, intensified by …
European stocks opened cautiously higher on Wednesday as investors shifted their focus to U.S. economic data following a week of political drama. The Stoxx 600 index rose by 0.17% in early trading, with most sectors moving into the green. The travel sector led gains, increasing by 0.6%, while mining stocks declined by 0.3%. Norwegian tech …
President Joe Biden's latest move to impose steep tariff hikes on various Chinese imports, including electric vehicle (EV) batteries, computer chips, and medical products, signals a risky strategy aimed at bolstering his economic credentials amid voter skepticism. While maintaining tariffs set by his predecessor, Donald Trump, Biden's administration is significantly increasing tariffs on key goods, …
In the realm of online discussions and speculation, a peculiar yet engaging topic has emerged—celebrities who could potentially run for the highest office in the land. The internet, ever buzzing with opinions and ideas, has created a virtual wishlist of stars deemed fit for the presidential race. From Hollywood icons to music sensations, the prospect …
The distance between Russia and the United States is a subject of curiosity for many people around the world. Russia and the United States are two of the world's largest and most powerful countries, located in different parts of the globe. In this article, we'll take a closer look at the distance between Russia and …
After the incident which occurred not more than a week ago. Of a young journalist arrested after the dictator of Belarus hijacked his plane, the US has also decided to impose sanctions on Belarus. The full story for the incident can be found here. Sanctions The 2019 agreement was called off earlier agreed upon Washington …
The European Union has been more fierce against the big tech giants than ever before since the dawn of Brexit. EU has pushed and made the big tech companies sign certain laws against disinformation in which the companies have to reveal certain bits of their working to the delegation. The EU is this time going …
Taiwan split from China in the period of 1949-50 when the CCP was actively against the ROC party in the Taiwanese region. This ROC party then created their own new country during a civil war and Taiwan has been separate from China ever since. This differs from what was done in the case of Hong …
While not a battle between free enterprise and socialism, the current competition over administration models is no less philosophical or imperative to the world. The Biden organization has raised the idea of competition over administration models, which was first figured by the European Union (EU) to characterize one part of its relationship with China, as …
