The Swiss National Bank on Thursday cut its key interest rate by 50 basis points, exceeding expectations of a smaller trim.
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December 12, 2024December 12, 2024Worldwide
Asia markets rise after Wall Street gains on tame inflation data; Aussie jobless rate drops to 8-month low
Traders in Asia assessed jobs data from Australia, which showed the country’s unemployment rate dropping to 3.9% in November from 4.1% the month prior.
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December 12, 2024December 12, 2024Worldwide
Tesla shares close at record high, boosted by 69% pop since Trump election victory
Tesla’s stock topped its 2021 high on Wednesday, as investor optimism increases heading into Donald Trump’s return to the White House.
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Indian outbound travel will be ‘the story’ of the next decade, says Hilton executive
Indian travelers spent $34 billion on outbound travel in 2023. That’s “minuscule” compared to what’s to come, said Alan Watts, Hilton’s Asia-Pacific president.
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China’s monetary shift signals economic worries, but ‘bazooka-style’ stimulus is unlikely, experts say
Despite a flurry of stimulus measures, recent economic indicators have showed the world’s second-largest economy is still struggling with deflationary pressures.
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South Korea’s ex-defense minister attempts suicide; police raid presidential office
The fallout from South Korea’s brief martial law continues amid reports of raids on the president’s office and an attempted suicide by the ex-defense minister.
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Trump’s White House return is already pushing Europe and the UK closer together
U.K. Chancellor Rachel Reeves travelled to Brussels on Monday to convene with her EU counterparts in the first such encounter since Britain left the European Union.
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Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
A perfect storm of challenges for the European automobile industry shows no sign of letting up, analysts say.
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Greece’s ghost towns offer a glimpse of a country struggling with ‘existential’ population collapse
Years of declining births, economic hardship and mass emigration have left huge swathes of Greece vacant, creating fresh concerns for the country.
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December 12, 2024December 12, 2024Country, United States, Worldwide
When Tariffs Hit: Stocks, Bonds, and Volatility
Tariff threats are sending analysts’ heads spinning. What will be the consequences for stocks, bonds, and volatility?