Christopher Waller, a member of the Federal Reserve Board, said that the latest economic data support keeping interest rates unchanged, but if inflation behaves as it did in 2024, policymakers might “at some point this year” consider cutting rates again. Waller said in a speech in Sydney on Tuesday: “If the winter lull this year […]
Since its debut this year, shares of Tencent Holdings LTD rose to their highest level since 2021 after DeepSeek, an industry-shaking artificial intelligence service, made its debut on the big tech firm’s wechat social media platform. Shenzhen-based Tencent said in a statement that it is currently integrating DeepSeek’s artificial intelligence model into wechat search. The […]
Recently, Musk has been making big moves in the “government efficiency department”, but the share price of his original “main business” – Tesla – is experiencing some troubles. Tesla’s (TSLA) share price dropped by 5.7% in Tuesday afternoon trading, falling to its lowest level since about 10 days after the US election. Earlier in the […]
After Alibaba Group Holding Ltd. launched artificial intelligence features in China, its share price soared by as much as 8.6%. It closed at 112.78 overnight, approaching the recent high of 117.82 set on October 7, 2024. The technology media outlet, citing an unnamed source, said that Apple and Alibaba have submitted their artificial intelligence functions […]
According to economists’ estimates, inflation may have remained stubborn last month, supporting the Federal Reserve’s patient approach to lowering borrowing costs. This implies that the number and extent of interest rate cuts by the Federal Reserve in 2025 could be further constrained. The U.S. Bureau of Labor Statistics will release its report at 21:30 Beijing […]
BYD said at a company event on Monday that it will make its “Shenyan” driving assistance system a standard feature on all its models priced at over 100,000 yuan (13,684 US dollars) in China and incorporate it into several low-cost models, such as the popular Seagull hatchback. Analysts predict that this move will further intensify […]
President Trump’s erratic attitude towards his signature tariffs sent the US stock market tumbling last week. Investors trying to adjust their stock portfolios to cope with the ongoing uncertainty found that the coping strategies from Trump’s first term were almost of no use. As soon as the “Know-It-All” took office for his second term, he […]
U.S. Treasury Secretary Scott Bessant said he supports a strong dollar and has no plans to change the government’s debt issuance plans, signaling the administration’s cautious approach to financial markets while, in other ways, the United States is quickly upending the status quo. During his campaign, President Trump expressed concern about the strength of the […]
Treasury Secretary Scott Bessent stated that the Trump administration’s priority for lowering borrowing costs centers on the 10-year Treasury yield rather than the Federal Reserve’s benchmark short-term rate. When asked during a Fox Business interview on Wednesday whether President Trump wants lower interest rates, Bessent replied: “He and I are focused on the 10-year Treasury. He […]
Naoki Tamura, the most hawkish member of the Bank of Japan’s (BOJ) policy board, stated that it is necessary to raise interest rates twice or more by early next year to curb upside risks to prices. During a speech to local business leaders in Nagano Prefecture, central Japan, on Thursday, Tamura said: *”Short-term interest rates […]