Hyundai of South Korea announced on Friday that it had stopped running advertisements on X, formerly known as Twitter, and that it is having direct conversations over brand safety concerns with the Elon Musk-owned social media platform. Reuters has requested… Read More ›
On Thursday, Tesla’s stock dropped to its lowest level in over a year as a result of Deutsche Bank expressing concern about the electric carmaker’s growing emphasis on its autonomous vehicle offerings during lean times. In response to the brokerage… Read More ›
The ‘halving’ of bitcoin, a modification to the cryptocurrency’s core technology intended to slow down the creation of new bitcoins, was something that aficionados were excitedly anticipating on Friday. The halving, which takes place about every four years, was incorporated… Read More ›
While touring the crucial swing state of Pennsylvania, President Joe Biden is urging the U.S. Trade Representative to treble the tariff rate that China imposes on imports of steel and aluminium. The president is scheduled to visit the United Steelworkers… Read More ›
Europe’s auto industry group stated on Thursday that new car sales in the EU decreased by 5.2% year over year in March, which was the largest loss since July 2022 and the first decline of the year. The decline was… Read More ›
The International Monetary Fund is issuing a warning against market overconfidence as investors wait for central bankers to successfully execute a “soft landing” in their protracted fight against inflation. Markets have been “quite optimistic” since the October edition of the… Read More ›
Data released on Tuesday indicated that China’s economy expanded more quickly than anticipated in the first quarter, providing some respite to policymakers as they work to support growth in the face of persistent weakness in the real estate market and… Read More ›
After a long-awaited assessment by former Federal Reserve Chair Ben Bernanke, the Bank of England announced a “once in a generation” reform of its inflation predictions. The assessment, which was started in response to criticism of the central bank’s policy… Read More ›
In the week ending April 10, global investors pulled out of stock funds for the second week in a row, as concerns about inflation persisted and hopes of a June rate decrease by the US Federal Reserve began to wane…. Read More ›
According to a Deutsche Bank survey released on Monday, consumers are growing somewhat less sceptical of bitcoin, although fewer than one-third of respondents still believe that its price would plummet by the end of 2024. Despite the fact that billions… Read More ›
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