Information

Home Information
  • Nov 25, 2024

Germany stuck in economic weakness but rate cuts should be gradual, Nagel says

Germany is stuck in a period of economic weakness but central bank interest rates need to come down only gradually to make sure inflationary pressures are fully extinguished, Bundesbank President Joachim Nagel said on Monday. "Germany is stuck in a period of economic weakness which has now lasted two and a half years," Nagel said in a speech. "Stagnation is likely in the final quarter of this year," Nagel said, adding that this would mean negative growth and Germany would be falling behind the rest of the bloc.

  • Nov 25, 2024

Israel Holds Rates as War Fuels Inflation and Slows Economy

(Bloomberg) -- Israel’s central bank left interest rates unchanged as it weighs a war-related economic slowdown and quickening inflation.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion PledgeThe Bank of Israel held its base case rate at 4.5% on Monday, in line with t

  • Nov 25, 2024

Russell 2000 hits record high on Trump policy, Fed rate-cut optimism

The index has gained more than 8% since the Nov. 5 U.S. presidential election. Expectations that Trump, along with a Republican Congress, can make good on his promise of lower taxes, import tariff hikes and less rigid regulations have been the latest tailwinds for this group of stocks. Small cap companies have been in the spotlight since the U.S. Federal Reserve commenced its monetary policy easing cycle in September, as investors expect them to perform better in a low-interest-rate environment.

  • Nov 25, 2024

Biden policies attract $1 trillion in US economic investments, White House says

Companies have pledged to invest more than $1 trillion in U.S. industries such as semiconductors and clean energy during the Biden administration, the White House said on Monday, citing the passage of three critical laws in recent years. U.S. President Joe Biden has cited the Bipartisan Infrastructure Law, the CHIPS and Science Act, and the Inflation Reduction Act as helping to push his sweeping infrastructure agenda and create more jobs nationwide. "We passed legislation to rebuild our infrastructure, build a clean energy economy, and bring manufacturing back to the United States after decades of offshoring," Biden said.

  • Nov 25, 2024

MicroStrategy Accelerates Bitcoin Buying With Record Purchase

(Bloomberg) -- MicroStrategy Inc. bought a record $5.4 billion in Bitcoin, the third major purchase announced this month by the crypto hedge fund proxy. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasUsing the proceeds from a $3 billion convertible note issue and common share sales, the Tysons Corner, Virginia-based firm acquired 55,500 tokens from

Popular Post