Category: Economy

Declining Exports In November, exports fell by 8.56% compared to the same period last year, totaling $22 billion. This drop was slightly lower than the projected 9.36% decline anticipated in a Reuters poll. The primary contributors to the export decline were coal and palm oil shipments, which recorded annual decreases of 34.25% and 12.60% respectively. […]

Proactive Fiscal Policy and Future Reforms The annual Central Economic Work Conference, held on Monday and Tuesday behind closed doors, served as a platform for President Xi Jinping and other top officials to chart the course for China’s second-largest economy in the coming year. According to a readout from state news agency Xinhua, the leaders […]

Industrial Output Exceeds Expectations BEIJING – China’s industrial output experienced robust growth in November, surpassing expectations and signaling positive progress in the stabilization of the country’s economy. The National Bureau of Statistics (NBS) reported a year-on-year increase of 6.6%, a significant improvement from October’s gain of 4.6%. This surge exceeded analysts’ forecasts, which had predicted […]

Central Banks in Europe Affirm Commitment to Current Policy Despite the Fed’s pivot several months ago, caution is now advised as Europe’s central banks continue to embrace their current policy plans. The European Central Bank indicated that policy easing was not even discussed during a two-day meeting, while the Bank of England affirmed that interest […]

Low Prices and Devoted Membership Base Drive Costco’s Success Costco Wholesale surpassed Wall Street predictions for both sales and profit in the latest quarter, leveraging its reputation for affordable groceries and essential items. Despite a slowdown in demand for non-essential products, the retail giant’s sales remained robust, buoyed by its focus on maintaining low prices […]

Chatbots powered by AI are increasingly being adopted by retailers worldwide Several retailers, including Instacart, Mercari, Carrefour, and Kering, have introduced chatbots powered by generative artificial intelligence over the last 12 months. Notably, even large companies like Walmart, Mastercard, and Signet Jewelers are currently testing chatbots with a plan to make them publicly available in […]

Connecticut-based Trader to Pay Criminal Penalty and Forfeit Ill-Gotten Gains New York, USA – Freepoint Commodities LLC, a leading commodities trader, has agreed to pay a total of over $98 million to settle charges brought against them in the United States. The charges revolve around allegations of misappropriating material non-public information and bribing Brazilian officials […]

Market Reaction and Economic Data Following the announcement, bond yields plunged and stock prices soared, reflecting market sentiment. However, economic data released on Thursday demonstrated stronger-than-anticipated retail sales in November. Additionally, there was a smaller-than-expected increase in weekly jobless claims. These reports slightly tempered traders’ enthusiasm for future Fed policy easing. Despite this data, rate […]