Archives
Recent US Inflation Report Boosts Tech Stocks, With Semiconductor Shares Rebounding
Wall Street rebounded strongly on Friday, led by a 1.63% surge in the Dow Jones, after moderate inflation data boosted hopes for an early Federal Reserve interest rate cut.
G20 Reports Risks That Could Harm Global Economy, But Avoids Mentioning Ukraine and Gaza
G20 finance ministers and central bankers are optimistic about a "soft landing" for the global economy but warn of geopolitical risks, avoiding specific mentions of Ukraine and Gaza in their discussions.
30% of Global EV Owners Consider Switching Back to Gas Cars, Survey Says
A recent McKinsey survey reveals nearly 30% of global EV owners, with 46% in the U.S., are considering switching back to gasoline cars due to dissatisfaction with charging infrastructure and battery performance.
US Inflation Up Slightly in June as Consumer Spending Slows Down Amid Declining Income Growth
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.