February 2025

Citigroup Accidentally Credits $81 Trillion in Banking Blunder

Citigroup mistakenly credited $81 trillion — instead of the intended $280 — to a customer’s account in April, highlighting ongoing operational issues the bank has been striving to resolve. The error was

1 month ago

Business

Gold Prices Drop as Dollar Strengthens Amid Inflation Data

Gold prices fell over 1% on Friday, marking their steepest weekly decline since November, as the U.S. dollar held close to two-week highs. The dip followed inflation data that matched expectations, leading

1 month ago

Economy

Wall Street Falls as Consumer Confidence Hits Stocks

Wall Street’s leading indexes took a hit Tuesday following a report revealing growing pessimism among U.S. households about the economy. The S&P 500 slipped 0.5%, marking its fourth straight decline after hitting

1 month ago

Markets

Record Egg Prices: Bird Flu or Corporate Greed?

Egg prices have soared to record highs, reaching an average of $4.95 per dozen this month, leading to accusations of price gouging and calls for a government investigation. While egg producers attribute

1 month ago

World

Fed’s Inflation Gauge Cools, But Consumer Spending Slumps

The Federal Reserve’s preferred inflation measure, the Personal Consumption Expenditures (PCE) price index, cooled as expected in January, rising 2.5% year-over-year compared to December’s 2.6% rate. However, the good news on inflation

1 month ago

Economy

EU Eases Sustainability Rules, Sparking Climate Concerns

The European Commission has announced plans to scale back its flagship sustainability reporting rules, a move that critics warn could hinder investors’ ability to support the bloc’s climate goals. The changes aim

1 month ago

World

Rolls-Royce Sees Weak Profit Despite Revenue Growth in 2024

Rolls-Royce Holdings Plc (RYCEF.PK, RR.L, RYCEY.PK) reported weaker-than-expected profit for fiscal 2024 on Thursday, despite an increase in revenues. The British aerospace and defense giant attributed its performance to a challenging supply

1 month ago

Business

Amazon Enters Quantum Computing with Ocelot Chip Launch

Amazon (AMZN) Web Services (AWS) has officially joined the quantum computing race with the launch of its new chip, “Ocelot.” The move positions Amazon against tech giants Microsoft (MSFT) and Google (GOOG,

1 month ago

Tech

Stocks Slip as Tariff News and Nvidia Drop Rattle Markets

The S&P 500 dipped 0.1% during a volatile session on Thursday, following President Donald Trump’s announcement that 25% tariffs on Canada and Mexico would take effect on March 4. The broad market

1 month ago

Markets

U.S. Tariffs Fuel Consumer Fears and ‘Doom Spending’

With new U.S. tariffs set to take effect, American consumers are growing increasingly concerned about rising prices and economic uncertainty. President Donald Trump’s proposed 25% tariffs on products from Canada and Mexico,

1 month ago

Economy

Citigroup Accidentally Credits $81 Trillion in Banking Blunder

Gold Prices Drop as Dollar Strengthens Amid Inflation Data

Wall Street Falls as Consumer Confidence Hits Stocks

Record Egg Prices: Bird Flu or Corporate Greed?

Fed’s Inflation Gauge Cools, But Consumer Spending Slumps

EU Eases Sustainability Rules, Sparking Climate Concerns

Amazon Enters Quantum Computing with Ocelot Chip Launch

Stocks Slip as Tariff News and Nvidia Drop Rattle Markets

U.S. Tariffs Fuel Consumer Fears and ‘Doom Spending’

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