In the wake of recent political turmoil, the financial markets are facing a period of uncertainty as a new administration prepares to take office in January 2025. Traders and investors are left wondering what lies ahead for the economy, and how it will be impacted by the policies of the incoming government. With stark differences
Central banking often carries the reputation of being a dull and uninteresting field. However, departing Swiss National Bank Chairman Thomas Jordan argues that the key to success in this role may actually lie in being perceived as boring. Despite criticism for his handling of crises and focus on price stability, Jordan believes that staying true
China’s industrial profits showed a positive trend in June, with a 3.6% year-on-year increase, following a 0.7% gain in May. The first-half earnings also saw an uptick, rising by 3.5%, which is an acceleration from the 3.4% increase in the January-May period. These numbers reflect a relatively rapid industrial production growth, along with a significant
The U.S. Department of Justice made a strong case against China-based ByteDance’s ownership of TikTok, citing serious national security threats. The DOJ highlighted concerns about data collection and covert content manipulation, stating that the Chinese government could potentially undermine U.S. national security through the popular social media platform. In response to TikTok’s denial of sharing
Billionaire investor Bill Ackman has decided to postpone the highly anticipated listing of Pershing Square’s U.S. closed-end fund. According to a notice on the New York Stock Exchange’s website, the initial public offering of Pershing Square USA Ltd., with the ticker PSUS, has been delayed indefinitely. While the firm has not provided a specific reason
The highly anticipated release of Disney and Marvel’s “Deadpool & Wolverine” has shattered expectations by securing an impressive $38.5 million in Thursday previews. This preview haul marks the eighth largest ever and the highest for an R-rated film release. The film’s domestic debut is projected to soar above $150 million, setting a record for an
Toyota Motor, a global leader in the automotive industry, is making waves with its recent announcement to build a battery plant for electric vehicles in Fukuoka, Japan. This strategic move is aimed at strengthening the company’s production capacity for EV batteries, as well as solidifying its position in the rapidly growing electric vehicle market. By
The once dominant Apple has been pushed out of the top five smartphone vendors in China as competition from domestic brands like Huawei intensifies. According to a recent Canalys report, Apple’s market share in China dropped to 14% in the second quarter, compared to 16% in the same period a year ago. This decline has
As the Bank of England prepares for its first interest rate cut since 2020, the decision is shrouded in uncertainty. Key policymakers have not spoken publicly for more than two months due to election rules leading up to July 4. The looming question remains: will recent higher-than-expected service prices be enough to prevent a rate
Juniper Networks, known for its focus on secure, AI-native networks, recently reported a disappointing second-quarter revenue. The company fell short of analyst expectations for earnings per share (EPS), with Q2 EPS at $0.31, missing the consensus estimate of $0.44. Revenue for the quarter was $1.19 billion, also failing to meet the analyst projection of $1.25