Trump Shut Down Venezueland Airspace Entirety
President Donald Trump warned airlines that Venezuela’s airspace may be shutdown as his administration threatens more severe action against President Nicolas Maduro’s government. US forces have been massing in the region as Trump considers military action beyond strikes on boats carrying narcotics to the US. Trump’s cryptic declaration Saturday concerning airspace may be a gambit…
China Targeting 1% of Global GDP
In a few years, China will eclipse that record. Goldman Sachs researchers expect its current-account surplus to reach 1% of global GDP by 2029, “the highest level on record in any single economy, eclipsing the United States in the late 1940s.” Even while President Xi Jinping portrays his country as a champion for the Global…
Indian Rupee Continue To Decline in 2025
Asia’s worst-performing currency in 2025 is the Indian rupee. It is on track for its worst yearly fall since 2022, when Russia’s invasion of Ukraine drove oil prices beyond $100 per barrel, hurting India, which imports 90% of its crude. This year’s decline is due to rising US tariffs on Indian exports and international investors…
Market Answer To Rate Cuts
After four days of gains, a global equity gauge held strong on wagers that the Federal Reserve will drop interest rates quicker than expected. MSCI All Country World Index was little changed after lowering its November decline to 0.4%. Over a week ago, the gauge was down roughly 4% for the month. European and Asian…
FED may cut rates in December, despites uncertain market
The Federal Open Market Committee cut, but the future is uncertain. Markets expected a further fall in December, but “many” officials said no additional cuts are needed until 2025. “Several participants assessed that a further lowering of the federal funds rate target range could well be appropriate in December if the economy evolved about as…
US CPI has a chance to drop on November
November consumer confidence fell as consumers fretted about jobs and finances, possibly due to the government shutdown. Tuesday’s Conference Board consumer confidence index fell to 88.7 from an upwardly revised 95.5 in October. expected the measure to fall to 93.4 from 94.6 in October.
Consumer Prices Still High in Trump Era
Trump campaigned on a promise to cut consumer costs that rose during Joe Biden’s term, but he now faces the same harsh truth as his predecessor: prices rise, they rarely fall, and Americans dislike higher prices. Trump may be making the same mistakes as Biden, downplaying the impact of increasing costs on people and relying…
Bitcoin plunged from its peak. is Bear near?
Bitcoin hit a seven-month low near $80,000, where analysts predict further deeper losses.Bitcoin plummeted to $80,553 and ether touched a four-month low as investors fled riskier assets due to concerns over high tech valuations and near-term U.S. interest rate reduction. Cryptocurrencies are generally seen as a barometer of risk appetite, and their slide shows how…