$5 Billion Fallout Expected as U.S. Dockworkers Launch Historic Port StrikeDockworkers' strike threatens U.S. ports, significantly risking $5 billion economic fallout and disrupting global supply chains.
NVIDIA Stock Dips: Is This the Perfect Time to Buy?Analysts have identified a potential buying opportunity for NVIDIA (NVDA) following a recent dip in AI momentum.
Domestic First: China Urges Firms to Skip NVIDIA and Buy Local SemiconductorsChina urges its businesses to favor domestic semiconductor chips over NVIDIA's AI processors to bolster its chip industry.
Shockwaves in EV Market: EU Eyes Up to 45% Tariff on Chinese ImportsThe EU plans to vote on tariffs up to 45% on Chinese electric vehicles, with member states negotiating to avoid them.
Middle East-North Africa Strengthens Its Position with 7.5% of Global Crypto TradesMENA region has played a significant role in the crypto market. From July 2023 to June 2024, it represented 7.5% of total trading volume.
US Job Market Shows Signs of Recovery with Lower New Jobless ClaimsOn Thursday, the U.S. Department of Labor reported that new unemployment claims totaled 218,000 from September 15 to 21.
Jerome Powell Sounds the Alarm: Lessons from the 2014 Treasury Market ShockPowell emphasized Treasury market volatility and collaboration among financial institutions at the 2024 U.S. Treasury Market Conference.
Canada vs. China: Trade War Heats Up with New Chinese Investigation into Tariff PoliciesThe Chinese government has retaliated against Canada's decision to impose new tariffs on Chinese-made EVs, aluminum, and steel.
High-End Knockoffs Thrive in China Amid Rising Economic ChallengesHigh-end counterfeit products are gaining popularity in China as consumers turn to cheaper alternatives amid economic decline.
Warren Buffett Cashed in $9 Billion by Offloading Bank of America StakesWarren Buffett's Berkshire Hathaway has profited $9 billion since July, selling more Bank of America shares while maintaining a 10.5% stake.
Goldman Sachs Sees Bright Future for Tesla, Suggests Buying Stock OptionsGoldman Sachs has advised investors to buy call options for Tesla, citing a series of potential key developments.
China’s Central Bank Cuts Reserve Ratio, Injects $142 Billion to Boost EconomyThe governor of the People's Bank of China stated that the central bank will lower the reserve requirement ratio (RRR) by 0.5 %
DOJ Blasts Visa for Dominating Debit Card IndustryOn Tuesday, the U.S. Department of Justice filed a lawsuit against Visa for allegedly violating antitrust laws in the debit card market.
Trump Vows First Call to China's Xi to Enforce Trade Deals if ElectedTrump stated that if he wins the presidential election in November, he will make his first call to Xi to urge the honor trade agreements.
Top Physics Graduate Now a Janitor—Is China’s Economy to Blame?A 24-year-old physics master's graduate in China is now working as a high school janitor amid rising youth unemployment.
Lipstick, Fry Orders, and iPhones: 9 Creative Ways to Read Economic TrendsEconomic indices like the Hemline, Lipstick Effect, and Big Mac Index gauge financial conditions by examining the prices of everyday items.
Coca-Cola Bets Big on Nigeria: $1 Billion Investment to Transform the MarketBola Tinubu, the President of Nigeria, and senior executives from Coca-Cola have concluded an investment-related meeting.
U.S. Election Uncertainty: Why Malaysia Stands to Gain Either WayAnalysts predict that Malaysia will benefit from trade policies regardless of the outcome of the U.S. presidential election.
Fed Cuts Rates for the First Time in Four Years: What It Means for InvestorsThe Fed has cut interest rates for the first time in four years, impacting corporate bond markets positively amid economic adjustments.
Musk's Lithium Nightmare? Russia and Bolivia’s $970 Million Deal Could Shake Up the Market!Russia's state nuclear company subsidiary Uranium One Group will partner with Bolivia to build a lithium carbonate plant.
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