Recent

Venezuela depreciation risks reversing years of inflation gains

Recent

CARACAS (Reuters) – Currency depreciation is set to reverse years of declining inflation in economically beleaguered Venezuela, public and private sector sources say, as foreign currency sales fall short of demand and the socialist government keeps tight-lipped about its strategy. After years of hyperinflation and amid broad U.S. sanctions, in 2022 the administration of President […]

Venezuela depreciation risks reversing years of inflation gains Read More »

Qualcomm plunged more than 5% as its first batch of AI-powered PCs faced software compatibility issues and lost benchmark advantages to iPads.

Recent

Accompanying the launch of the first wave of laptops equipped with the Snapdragon X Elite chip this week, consumers finally got their hands on the much-hyped “AI PC” that has been heavily promoted since late last year. Initial reviews and market feedback, however, suggest that Qualcomm’s attempt to disrupt Apple in the ARM-based laptop arena

Qualcomm plunged more than 5% as its first batch of AI-powered PCs faced software compatibility issues and lost benchmark advantages to iPads. Read More »

Federal Reserve officials have recently signaled a cautious stance regarding the markets expectations for two interest rate cuts this year.

Recent

 Several Fed policymakers have emphasized the need for additional economic data before committing to any further rate cuts. The current sentiment among Fed officials, as conveyed in various speeches and statements, suggests a more reserved approach to monetary policy easing. They have highlighted that while recent economic indicators have shown signs of weakness, including softer

Federal Reserve officials have recently signaled a cautious stance regarding the markets expectations for two interest rate cuts this year. Read More »

Global surge in energy storage construction, UAE reserves project ranks in the top ten.

Recent

Fitch Solutions’ BMI report indicates that while energy storage projects in the Middle East, such as those in the UAE and Saudi Arabia, are preparing large-scale initiatives, they still pale in comparison to the over $17 billion worth of projects in the United States. For instance, Saudi Arabia’s NEOM mega-project includes an energy storage plan

Global surge in energy storage construction, UAE reserves project ranks in the top ten. Read More »

Unusual Decline in Milk Production in Two U.S. States Affected by Avian Influenza

Recent

Data from the U.S. Department of Agriculture (USDA) indicates a significant decline in milk production in Texas and Kansas during March and April this year. These states were the first to report H5N1 avian influenza infections in dairy cows. Economist Betty Berning highlighted this anomaly at the Global Dairy Outlook Conference in Chicago this week.

Unusual Decline in Milk Production in Two U.S. States Affected by Avian Influenza Read More »

Sunak Silenced: Less Than Two Weeks Before the Election, Multiple Conservative Party Officials Involved in Gambling Scandal

Recent

In the run-up to the upcoming election, UK Prime Minister Rishi Sunak has found himself in a difficult situation as several key members of the Conservative Party have become embroiled in a gambling scandal. The timing of this controversy is particularly problematic, as the election is less than two weeks away, posing a significant challenge

Sunak Silenced: Less Than Two Weeks Before the Election, Multiple Conservative Party Officials Involved in Gambling Scandal Read More »