Culture
Asian markets stumble as traders struggle to hold Fed cut rally
Bets on a US reduction on Wednesday have surged to around 90% in the past two weeks Asian markets struggled to maintain their early…
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Cut
Culture
Philippines' slow growth raises chance of December rate cut, says central bank chief
Data last month showed annual growth slowed to a four-year low of 4.0% in the third quarter A slower growth outlook for the Philippines…
Culture
Major Chinese banks cut high-yield deposit products to ease margin pressure
Some major Chinese commercial banks have removed five-year, large-scale certificates of deposit that carry a high yield from their…
Beauty
Emerald Cut Engagement Rings: Everything to Know About the Elegant Diamond Shape
“Color is another quality that requires special attention,” says Moses. “An emerald cut diamond’s distinctive cut produces less…
Culture
European shares clock monthly gains on Fed rate cut hopes
Next week, investors expect some focus on Russia-Ukraine peace talks. European shares ended higher on Friday (Nov 28), capping a strong…
Culture
US: Wall Street extends rally on growing bets for December Fed rate cut
Wall Street gained ground on Wednesday as revived tech strength and the growing probability of a December interest rate cut from the US…
Culture
Europe’s Stoxx 600 climbs on Fed cut hopes; banks rally post-UK budget announcement
EUROPE’S main equity indexes closed higher on Wednesday, led by technology stocks as growing expectations of a US rate cut boosted global…
Culture
Allianz to cut up to 1,800 jobs due to AI advances
German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in call centres, as artificial…
Culture
Gold drifts higher on US rate cut expectations
Markets are pricing in an 84% chance of a Fed rate cut next month, compared to 50% last week, according to CME Group data Gold prices…
Culture
US: Wall Street ends higher as Federal Reserve rate cut bets gather momentum
Wall Street extended its rally on Tuesday as a spate of economic data appeared to support the case for the US Federal Reserve to implement…
News
Nearly Half the Country Sues Trump Over Massive Cut to Housing
“In the end I have a commitment to our constituents to fulfill my term,” Bacon told Axios, noting that he “shared anger” with House…
Culture
Telefonica to cut 5,000 jobs to slash costs, union says
The cuts, affecting about a fifth of the carrier’s Spanish workforce, will apply to three Telefónica units Spain’s largest…
Culture
Investors eye holiday season turbulence amid AI and rate cut doubts
A crucial uncertainty set to dog markets in coming days is whether the Fed will cut rates at its Dec 9 to Dec 10 meeting Stock market…
Culture
Thai central bank sees room for rate cut, wants a weaker baht
THAILAND’S newly-appointed central bank governor says the baht should be weaker to reflect economic fundamentals, and there is room to…
Culture
US stocks jump on Fed rate cut bets but lose ground on the week
Wall Street stocks closed sharply higher on Friday (Nov 21) as rising expectations of a December interest rate cut by the Federal Reserve…
Culture
US: Wall St opens higher as December rate cut bets strengthen
Wall Street’s main indexes opened higher on Friday (Nov 21) as traders raised bets on an interest rate cut by the Federal Reserve in…
Business
Manufacturer MAN Truck & Bus to cut 2,300 jobs in Germany
MAN Truck & Bus employees work in a production line. Sven Hoppe/dpa German manufacturer MAN Truck & Bus on Thursday said it plans to cut…
Culture
Many US Fed members were inclined against December interest rate cut: minutes
Fed Chair Jerome Powell said last month that a further reduction in December was “not a foregone conclusion” MANY US Federal Reserve…
Culture
Nissan to cut more output at Kyushu plant on chip supply troubles
Japan’s Nissan will cut production by another 1,400 vehicles at its Kyushu plant next week, as the fallout from chip supply disruptions…
Culture
US Fed official backs further rate cut due to weak job market
A KEY Federal Reserve official said Monday that he supports a third consecutive interest rate cut by the US central bank in December, as…
Culture
Europe: Shares fall as US rate cut expectations wane; UK fiscal worries resurface
EUROPEAN shares fell on Friday (Nov 14), as hawkish commentary from US policymakers dampened expectations of an imminent interest rate…
Culture
US: Wall Street tumbles as tech selloff extends, rate cut hopes fade
Wall Street’s main indexes dipped on Friday (Nov 14), driven by a renewed sell-off in technology stocks, while hawkish commentary from…
News
The Shutdown’s Over. Trump May Still Cut Food Stamps.
Trump now appears to see SNAP as a political threat. “We can reform SNAP, and I think we should,” Trump said on Monday night in a Fox News…
Blog
DHS says migrant enforcement surge has cut crime in Chicago
The Department of Homeland Security's surge to arrest and deport illegal immigrants in Chicago has led to a "historic" drop in major…