Category: Economy
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China Boosts Economy with $140 Billion Investment in Flood Control and Disaster Relief Projects
National Development and Reform Commission’s Bond Issuance Plan The National Development and Reform Commission (NDRC), China’s top planning body, has announced the identification of a second batch of public investment projects. These projects, which include flood control and disaster relief programs, are part of a bond issuance and investment plan introduced in October to bolster […]
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Major Retailers Scale Back Discounts for Last-Minute Christmas Shoppers, Challenging Analyst Predictions
Reduction in Discounts at Major Retailers Last-minute Christmas shoppers searching for eleventh-hour deals may be disappointed as major retailers such as Macy’s, Target, and Ulta Beauty have scaled back their discounts and reduced the number of items on sale, according to a retail analyst and data from Centric Market Intelligence and Vertical Knowledge. While these […]
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Inflation Retreats, Fueling Bets on Early Rate Cuts by Fed
Federal Reserve policymakers are preparing to kick off the new year with compelling evidence that their recent interest rate hike campaign has successfully curbed U.S. inflation. Recent data shows that inflation is now at or below the desired 2% target, a significant milestone that supports the Fed’s decision. This development has garnered optimism among traders, […]
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New Home Sales Hit One-Year Low as Housing Shortage Persists
New Home Sales Fall Below Expectations Despite economists’ earlier predictions of a rebound to a rate of 685,000 units, the unexpected decline in new home sales, which account for approximately 13.4% of total U.S. home sales, raises concerns about the health of the housing market. It is important to note that new home sales are […]
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Canada’s Economy Stagnates, But November GDP Expected to Show Modest Growth
Economic Forecast Missed as GDP Remains Stagnant OTTAWA (Reuters) – Canada’s economy experienced minimal fluctuation for the third consecutive month in October, falling short of growth predictions. However, recent data from Statistics Canada indicates that there may have been a slight increase in gross domestic product (GDP) in November. Analysts surveyed by Reuters had initially […]
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Caution Surrounds U.S. Stock Futures as Inflation Report Threatens Rally
All Eyes on Personal Consumption Expenditure Data All eyes are now focused on the personal consumption expenditure data, which is the Federal Reserve’s preferred measure of inflation. It is scheduled to be released at 8:30 a.m. This data will exclude volatile items such as food and energy. Analysts expect core prices to have registered a […]
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Momentum Builds in Stock Market as Year End Approaches Amidst AI Boom and Anticipated Rate Drop
The Stellar Performance of Big Tech and the AI Sector Market experts have emphasized that the S&P 500’s impressive 24% gain this year is largely attributed to the outstanding performance of Big Tech and AI companies. However, it is worth noting that even the equal-weighted S&P 500, which excludes the largest companies, is on track […]
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Japanese Banks Ramp Up Asset Management Business to Tap Into Dormant Savings
Overview A reform push by the Japanese government for the country’s $5 trillion asset management industry has prompted top Japanese banking groups to strengthen their long-neglected asset management businesses. The regulator’s call for assistance aligns with Japan’s policy to encourage households to invest their dormant savings. As the end of long-lasting deflation approaches, banks see […]
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Germany’s Property Crisis Worsens: Residential Prices Plummet by Record 10.2%
Record Drop in Prices Residential property prices in Germany have endured a continued decline, plummeting by 10.2% in the third quarter of this year compared to the same period last year. This concerning data, revealed on Friday, highlights the grim state of Europe’s largest economy’s real estate sector. It marks the fourth consecutive quarter of […]
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Experts Expect Rate Cuts as Inflation Falls and Labor Market Cools
Factors Driving Potential Rate Cuts One reason for more aggressive rate cuts is the impact of lower inflation on businesses. As inflation declines, companies that were able to raise prices this year may face difficulties doing so in the future. To protect profits, they may resort to trimming labor costs. Additionally, holding the benchmark rate […]