Fed holds rates steady as pressure mounts for a cut
admin The US central bank has maintained its key interest rate at a 23-year high, as anticipated, while indicating the possibility of future rate cuts. The Federal Reserve noted that its…
Finance
UK government debt highest since 1962
New official figures indicate that the UK’s national debt has surged to its highest level since 1962. As of June, the total government debt amounted to 99.5% of the country’s…
Why does the government borrow money?
Governments typically spend more than they collect in taxes. To bridge this gap, they resort to borrowing money, which must eventually be repaid with interest. This borrowing can significantly impact…
HSBC’s Comprehensive Analysis of the Advantages, Disadvantages and Risks of Artificial Intelligence
In its latest report, HSBC examined the complex effects of artificial intelligence (AI) on the economy, highlighting the promising developments as well as the possible disadvantages and challenges that may…
U.S. Consumers Take Control: Mid-Range Reigns Supreme for Peak Shopping Season
U.S. Consumers Take Control: Mid-Range Reigns Supreme for Peak Shopping Season The annual dance between retailers and consumers is underway, with shipping data offering a glimpse into what U.S. shoppers…
Baltimore Port Reopening on Horizon for Maersk as Bridge Cleanup Advances
Good news for shippers! Maersk, the world’s second-largest shipping company, is inching closer to resuming operations at the Port of Baltimore. This follows significant progress in clearing debris from the…
Global Trade in Chaos: Container Shortage Sends Shipping Costs Soaring
Is a repeat of the pandemic supply chain nightmare on the horizon? A confluence of factors is creating a major headache for international trade: a critical shortage of shipping containers.…
The Dow Jones Industrial Average plummeted by 600 points in what marked the worst trading day of 2024
Chipmaker Nvidia, celebrated for its advancements in artificial intelligence, saw a remarkable 9.3% surge in its stock price, surpassing $1,000 per share. This surge followed the announcement of stronger-than-expected fiscal…