The United States PCE Price Index for November rose by 2.4% year-over-year, which was slightly below the expected increase of 2.5%. This was a marginal […]
Category: World
Malaysia to Relaunch Search for Flight MH370 After Nearly a Decade
Malaysia has announced it will restart the search for Flight MH370, nearly ten years after the Boeing 777 mysteriously vanished with 239 people on board. […]
US Economy Q3: Mixed Performance with Strong GDP Growth, Weak Corporate Profits, and Job Market Variations
In the third quarter, the United States GDP Price Index grew by 1.9%, matching expectations but falling from the previous quarter’s 2.5%. Meanwhile, GDP Sales […]
Fed Cuts Interest Rates by 25 Basis Points, Signals Cautious Approach on Future Rate Hikes
U.S. Federal Reserve has reduced interest rates by 25 basis points (0.25%), bringing them down to a range of 4.25% to 4.50%. This marks a […]
Apple in Talks with Tencent and ByteDance for AI Features in China
Apple is reportedly in discussions with Tencent and ByteDance (the owner of TikTok) to incorporate their artificial intelligence (AI) models into iPhones sold in China. […]
RBI Keeps Interest Rate Unchanged at 6.50% Amid Economic Concerns
On Friday, the Reserve Bank of India (RBI) decided to maintain its key interest rate at 6.50%, matching both previous and market expectations. This decision […]
South Korean President Yoon Declares Martial Law Amid Political Tensions and Allegations of Authoritarianism
South Korean President Yoon Suk Yeol has declared emergency martial law, marking a significant shift in the country’s political landscape, the first such move since […]
Intel CEO Pat Gelsinger Retires as Company Struggles to Compete with Rivals; Interim Co-CEOs Appointed
Intel announced on Monday that CEO Pat Gelsinger has retired, effective December 1. The company is facing challenges in catching up with competitors like TSMC […]
Super Micro Computer’s Special Committee Clears Management, Finds No Evidence of Fraud or Misconduct
Super Micro Computer, Inc. Update: Special Committee Review Findings 1. Background: Super Micro Computer formed an independent Special Committee to review concerns raised by Ernst […]
India’s 3Q GDP Slows to 5.4%, Below JP Morgan’s 6.4% Estimate; Growth Outlook Revised to 6.4%
India’s GDP growth for the July-September quarter slowed to 5.4% year-on-year, the lowest in seven quarters. This was below expectations, with J.P. Morgan predicting 6.4% […]
U.S. Shoppers Spend $10.8 Billion Online on Black Friday, Marking 10.2% Growth
On Black Friday, U.S. shoppers spent about $10.8 billion online, using devices like mobile phones, laptops, desktops, and others, according to Adobe Analytics’ updated report. […]
U.S. Finalizes $7.86 Billion Subsidy for Intel to Boost Domestic Semiconductor Production
The U.S. Commerce Department is finalizing a $7.86 billion government subsidy for Intel, down from the original $8.5 billion announced earlier this year. This reduction […]