Moody’s Downgrades U.S. Credit Rating – Here’s Why It Matters
The United States has lost its last perfect credit rating after Moody’s Investors Service downgraded the country from 'AAA' to 'Aa1'
The United States has lost its last perfect credit rating after Moody’s Investors Service downgraded the country from 'AAA' to 'Aa1'
The world map as we know it is about to change and Canada stands at a crossroads. It could become the 51st state of United States, or it could use
The Turkish lira hit a record low amid rising political turmoil, with markets reacting to Imamoglu’s detention and further central bank rate cuts.
The Fed kept rates steady but reaffirmed plans for cuts as growth slows and inflation ticks higher.
Egypt has secured a $1.2 billion disbursement from the IMF, reinforcing its commitment to economic reform as part of an $8 billion support package. Additionally, the country obtained $1.3 billion
U.S. financial markets saw significant declines, with the S&P 500 falling 1.4%, the Dow Jones dropping 380 points, and the Nasdaq losing around 2%, extending losses from the previous week.
NVIDIA faced a record-breaking single-day drop in market capitalization, losing 9.5% and erasing $278 billion on Tuesday.
US inflation fell to 2.9% in July 2024, its lowest since March 2021, driven by slower increases in shelter, transportation, and apparel costs. Core inflation also eased to 3.2%, with shelter contributing significantly to the monthly CPI rise.
Turkey's unemployment rate increased to 9.2% in June 2024, the highest level since August 2023. The rise was accompanied by a drop in employment and a higher jobless rate among youths aged 15 to 24.
All available choices for Japan carry severe potential consequences. Selling Treasuries to fund Yen purchases—a move that was not well-received by US Treasury Secretary Janet Yellen. Or a rate hike by the (BoJ), which risked triggering a global financial crisis.
Global markets plunged on concerns about a potential U.S. recession, with the Dow Jones Industrial Average falling 1000 points. The Nasdaq also suffered significant losses, reflecting widespread investor anxiety.
Japan's Nikkei 225 experienced its worst decline since the 1987 Black Monday crash, plunging 12.4% and erasing all gains for the year. The broader Topix index also fell sharply, down 12.23%.
In a keynote speech at the Bitcoin Conference in Nashville, former President Donald Trump promised that if re-elected, he would ensure the U.S. government retains its bitcoin holdings.
In a surprising shift in the Chinese smartphone market, Apple has fallen out of the top five vendors for the first time and according to a recent report by Canalys,
Here's a breakdown of the latest wage trends based on the June 2024 report from the U.S. Bureau of Labor Statistics: Average Hourly Earnings Increase: Average hourly earnings for all
The latest jobs report from the U.S. Bureau of Labor Statistics reveals a nuanced picture of the American economy's employment landscape for June 2024.
The rise of Artificial Intelligence (AI) has raised concerns about the future of education, particularly at the college level.
