Elon Musk, CEO of Tesla and SpaceX, has publicly endorsed Donald Trump for president, marking a significant shift in his political stance. Musk, known for his tech innovations and previously supporting Democratic candidates, has increasingly …
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Argentina to Sell Dollars on Parallel Market to Combat Inflation
Argentina is taking a bold step to combat inflation by selling US dollars on the parallel foreign exchange market. The central bank will start buying dollars on the official market and selling an equivalent amount …
Continue readingChina’s Central Bank Fights Back Against Bond Rally, Fears Destabilization
China’s central bank is taking action to cool a recent bond rally, fearing that it could destabilize the economy. The People’s Bank of China (PBOC) has expressed concern that financial institutions aggressively buying government bonds …
Continue readingWall Street Surges on Rate Cut Bets, Strong Earnings Outlook
Wall Street closed higher this week, buoyed by investor bets on an imminent Federal Reserve rate cut and strong second-quarter earnings expectations. The S&P 500 gained 0.9% for the week, the Nasdaq rose 0.2%, and …
Continue readingYen Surges to Four-Week High Amidst Intervention Rumors
The Japanese yen has surged to its highest level in nearly four weeks against the US dollar, prompting speculation that Japanese authorities may have intervened in the market for a second day. The rally in …
Continue readingArgentina’s Inflation Slows But Skepticism Remains
Argentina’s inflation has slowed dramatically since President Javier Milei took office, but many residents remain skeptical of the official figures and continue to feel the impact of high prices in their daily lives. Inflation has …
Continue readingPoland to Spend 5% of GDP on Defense in 2025, Highest in NATO
Poland is set to significantly increase its defense spending in the coming years, aiming to dedicate 5% of its GDP to military capabilities by 2025. This commitment, announced by Foreign Minister Radosław Sikorski, makes Poland …
Continue readingArgentina’s Inflation Cools, But Skepticism Remains Amidst Economic Hardship
Argentina has seen a significant drop in inflation, with the rate falling from 25.5% in December to 4.2% in May. This slowdown has been attributed to President Javier Milei’s austerity measures and cost-cutting efforts. However, …
Continue readingFrench Inflation Slows Slightly in June, Reaching 2.5%
French consumer prices rose 2.5% year-on-year in June, according to the country’s statistics office INSEE. This confirms the preliminary reading released in late June and represents a slight slowdown from May’s 2.6% inflation rate. The …
Continue readingReserve Managers: Growth, But Geopolitics Worry
Global reserve managers are generally optimistic about the global economic outlook, expecting moderate growth and inflation in the next five years. However, they are deeply concerned about escalating geopolitical tensions, which they see as the …
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