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  • Aug 20, 2024

Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates

Federal Reserve officials have said they're increasingly confident that they've nearly tamed inflation. With inflation cooling toward its 2% target, the pace of hiring slowing and the unemployment rate edging up, the Fed is poised to cut its benchmark interest rate next month from its 23-year high. Chair Jerome Powell will likely provide some hints about how the Fed sees the economy and what its next steps may be in a high-profile speech Friday in Jackson Hole, Wyoming, at the Fed's annual conference of central bankers.

  • Aug 20, 2024

SQ, INTU, AMZN: Which Strong Buy Tech Stock Is the Better Buy?

Stocks are on an unstoppable hot streak right now, with eight straight sessions in the green for the S&P 500 (SPX), the longest win streak since last November. Undoubtedly, Technology stocks are leading the path higher, just weeks after many investors thought the markets would tank and that less-loved mid-cap and value plays would lead us higher. With Tech stocks in the driver’s seat again, it may be time for many to revisit the drawing board for value from the latest swoon. In this piece, we’ll

  • Aug 20, 2024

Japan looks to boost seafood exports to new markets after Chinese ban, trade body says

Japan is ramping up promotional efforts to boost seafood exports to more destinations in Asia, the U.S., and Europe as it seeks to fill a sales gap left by a year-long Chinese import ban, the head of the Japan External Trade Organization said. China, previously the biggest market for Japanese seafood exports, banned purchases of Japanese-origin seafood citing risk of radioactive contamination after Tokyo Electric Power started releasing treated water from the wrecked Fukushima nuclear power plant into the Pacific Ocean last August. Japan's exports of agricultural, forestry and fishery products in the first half of 2024 fell for the first time since 2020 as exports to China plunged 43.8%.

  • Aug 20, 2024

Global automotive market report – Q1 2019

The global vehicle market was virtually flat in 2018 at around 94m vehicles sold, but the fourth quarter showed a near 5% year-on-year drop on the back of a similarly sized decline in Q3. The global light vehicle market continues to face challenges in 2019 after that pronounced weakening in the second half of 2019.

  • Aug 20, 2024

Pakistan's PostEx to enter new markets, starting with Saudi Arabia

Pakistani startup PostEx, offering financial and logistics services to online merchants, is set to enter new markets, beginning with Saudi Arabia this year, TechCrunch has exclusively learned. "We want to go into other markets to really disrupt them because we see the gap," said Muhammad Omer Khan, founder and CEO of PostEx, in an interview. E-commerce in Pakistan, which currently sits at around 1.5% of its total retail market, has grown 50% in the last 12 months.

  • Aug 19, 2024

Anti-Dumping Probe Could Boost Indian Steelmakers’ Stocks

(Bloomberg) -- Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at:Most Read from BloombergA Floating Island in Baltimore Raises Hope for a Waterfront Revival‘Train Lovers’ Organize to Support Harris and Walz in Presidential BidPart of Downtown Montreal Is Flooded After Water Pipe BreaksClimate Disasters Are an Affordable Housing ProblemNJ Transit Dishes Out Free Rides After Summer Train ChaosSteelmakers may get boostEa

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