China Cuts Key Lending Rates Amid Economic Stimulus Efforts
China cut its key lending rates by 10 basis points on Tuesday, signaling an effort to boost its economy amid a stronger yuan and easing trade tensions. The People’s Bank of China
Moody’s Downgrades U.S. Banks After Sovereign Credit Cut
Moody’s downgraded the long-term ratings of major U.S. banks, including JPMorgan Chase, Bank of America, and Wells Fargo, following its decision to strip the U.S. of its top triple-A rating due to
Canada Inflation Shows Mixed Results, Rate Cut Likely
Headline inflation in Canada slowed in April, mainly due to a drop in gasoline prices, following the elimination of the federal carbon tax. The overall consumer price index (CPI) decelerated to 1.7%
Home Depot Maintains Sales Forecast, No Price Hikes for Now
Home Depot confirmed its full-year sales forecast on Tuesday, with Chief Financial Officer Richard McPhail telling CNBC that the retailer does not plan to raise prices due to tariffs. Despite facing challenges
Google Unveils AI-Powered Future for Search Engine
Google has introduced significant updates to its search engine at its annual developer conference, revealing plans to shift its focus from simple keyword searches to more advanced, AI-driven “digital agents.” These updates
China’s Factory Output Slows in April Despite Resilience
China’s industrial output showed unexpected resilience in April, growing 6.1% year-on-year, despite slowing from the 7.7% rise in March. The result, which surpassed the forecasted 5.5% growth, points to the effects of
JPMorgan Analyst Reaffirms Underweight Rating for Novavax
On May 19, JPMorgan analyst Eric Joseph reaffirmed an Underweight rating for Novavax Inc. (NASDAQ: NVAX) with a price target of $7. This decision follows the approval of the company’s COVID-19 vaccine
Massachusetts Economy Faces Challenges from Federal Policies
Massachusetts is grappling with economic pressures exacerbated by federal policy changes, according to Boston University finance professor Mark Williams. The state’s core industries are being disproportionately impacted by tariff hikes, cuts in
Spain Orders Airbnb to Remove 65,000 Listings
In a bold move aimed at tackling Spain’s housing crisis, the Spanish government has instructed Airbnb to withdraw more than 65,000 holiday rental listings from its platform. The government claims that these
European Leaders Intensify Sanctions After Trump’s Talks
European leaders have agreed to intensify sanctions on Russia following a crucial phone call with U.S. President Donald Trump. The call aimed to address the ongoing war in Ukraine and bring about