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Trump Exempts Key Electronics from China's Tariffs 04/13/2025

Argentina’s Peso Enters New Era with Currency Overhaul and Bold Economic Reforms 04/14/2025

China Retaliates in Trump's Trade War: Escalation of Trade War 04/12/2025

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Economics

US consumer confidence index rises to 67.8 points in August, better than forecasts

In August, the consumer confidence index in the United States rose to 67.8 points from 66.4 points in the previous month, reads the initial study from the University of Michigan, which is responsible for calculating this measurement. According to Trading Economics, analysts, on average, forecasted...

Regulatory Scrutiny Of Cash Sweep Programs May Drive Consolidation In Wealth Management Sector

Moody's Ratings has highlighted that ongoing regulatory investigations into cash sweep programs used by wealth managers could have significant consequences for their credit ratings. This scrutiny poses a substantial risk to the high-margin business models of major firms such as Morgan Stanley and...

U.S. Consumer Sentiment Rises In August Amid Presidential Race Developments

In August, U.S. consumer sentiment saw a notable rise, influenced by shifts in the political landscape as the race for the White House intensified, according to a survey released on Friday. The University of Michigan's preliminary index reading for consumer sentiment reached 67.8, up from 66.4 in...

China's Antimony Export Controls Highlight Strategic Mineral's Global Impact

China's announcement on Thursday to impose export controls on certain antimony products, effective from September 15, underscores the critical role this mineral plays in various global industries. The new measures, justified by Beijing as necessary for national security, add to a series of...

US authorities accuse crypto project NovaTech of $650 mln fraud

The SEC has accused NovaTech and its founders, Cynthia and Eddie Petion, of organizing a Ponzi scheme. Overall, around 200 thousand individuals worldwide were affected by the fraudulent scheme orchestrated by the organizers, the SEC says. The estimated total damage is $650 million. From 2019 to...

Vacation Rental Industry Ramps Up Lobbying to Counter Regulatory Pressures Amid Housing Concerns

The vacation rental industry is intensifying its lobbying efforts to influence U.S. lawmakers as cities across North America increasingly implement restrictions on short-term rentals, citing concerns about housing affordability and neighborhood quality of life. In 2024, the growth of...

Global Borrowing Conditions Remain Resilient Amid Market Volatility, But Uncertainty Looms

Despite recent turmoil in financial markets, global borrowing conditions have largely withstood the shock, providing a stable environment for borrowers. While the sell-off in equities and corporate debt markets earlier this month triggered by U.S. recession fears and the unwinding of the yen carry...

Economic Slowdown And Efficiency Gains Pressure Global Jet Fuel Demand

The global demand for jet fuel, which has been a key driver of oil consumption, is beginning to show signs of strain as economic challenges and technological advancements reshape the landscape. With a noticeable slowdown in consumer spending and shifts in travel behavior, the outlook for jet fuel...

U.S. Consumer Prices Rebound In July, Strengthening Case For September Rate Cut

U.S. consumer prices saw a modest rebound in July, aligning with expectations and reinforcing the ongoing trend of easing inflation. This development bolstered the likelihood of the Federal Reserve cutting interest rates in its upcoming policy meeting next month. The Labor Department...

Current CEO of Chipotle restaurant chain will become new head of Starbucks

Brian Niccol, the current CEO of Chipotle Mexican Grill, is set to become the CEO of Starbucks Corp. Niccol will assume the role starting on Sept. 9, 2024. He is set to become the chairman of the company's board of directors as well. The present CEO of Starbucks, Laxman Narasimhan, is resigning...