World
U.S. imposing new export controls on biotech equipment over China concerns
The Department of Commerce building is seen before an expected report of new home sales numbers in Washington, January 26, 2022. Joshua Roberts | Reuters The U.S. Commerce Department said Wednesday it is imposing new export controls on biotechnology equipment and related technology because of national security concerns tied to artificial intelligence and data science. […]
Read More
TikTok preparing for U.S. Sunday shutdown, sources tell Reuters
Jaap Arriens | Nurphoto | Getty Images TikTok plans to shut its app for U.S. users on Sunday, when a federal ban on the social media app could come into effect, unless the Supreme Court moves to block it, sources familiar with the matter said. The outcome of the shutdown would be different from that […]
Read More
Core inflation rate slows to 3.2% in December, less than expected
Prices that consumers pay for a variety of goods and services rose again in December but closed out 2024 with some mildly better news on inflation, particularly on housing. The consumer price index increased a seasonally adjusted 0.4% on the month, putting the 12-month inflation rate at 2.9%, the Bureau of Labor Statistics reported Wednesday. […]
Read More
Citigroup shares rise as fourth-quarter earnings top estimates
Jane Fraser speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Monday, April 29, 2019. Kyle Grillot | Bloomberg via Getty Images Citigroup reported its fourth-quarter earnings Wednesday morning ahead of Wall Street’s opening bell. Here is how the company did relative to LSEG analyst consensus estimates: Earnings: $1.34 a share, […]
Read More
German economy contracts 0.2% in 2024 in second consecutive annual slowdown
The skyscrapers of the Frankfurt skyline in the evening, with the Deutschherrn Bridge in the foreground. Frank Rumpenhorst | Picture Alliance | Getty Images The German economy contracted by 0.2% in 2024, in the country’s second consecutive yearly slowdown, data from statistics office Destatis showed Wednesday. The drop was in line with the expectations of […]
Read More
Conflict, extreme weather and disinformation top global risks in 2025, Davos survey says
This picture taken from the Israeli side of the border with the Gaza Strip shows smoke plumes rising from explosions above destroyed buildings in the northern Gaza Strip on January 13, 2025 amid the ongoing war between Israel and Hamas. Menahem Kahana | Afp | Getty Images Risk specialists identified armed conflict, extreme weather and […]
Read More
Europe’s stocks open higher ahead of closely watched U.S. inflation data
European markets opened higher on Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve’s decision-making on interest rate cuts. The pan-European Stoxx 600 was around 0.4% higher during early deals, with most sectors and all major bourses in positive territory shortly after the opening bell. London’s FTSE 100 was […]
Read More
UK inflation unexpectedly cools to 2.5%, core price print slows further
LONDON — U.K. inflation fell to a lower-than-expected 2.5% in December, with core price growth slowing further, according to data released by the Office for National Statistics on Wednesday. The consumer price index (CPI) rose to 2.6% in November, with economists polled by Reuters expecting the December reading to stay unchanged. Core inflation, which excludes more volatile […]
Read More
Fund manager reveals how his little-known ETF gained 80% in 2024
Artificial intelligence will be an investment theme that will continue to grow in 2025 and beyond, according to a tech fund manager that posted 80% gains in 2024. The Hong Kong-listed exchange traded fund Pando CMS Innovation ETF ‘s Chief Investment Officer Beck Lee said the fund relies on proprietary research that combines macroeconomic factors […]
Read More
UK homeowners brace for higher mortgages as borrowing costs spike
Sunlight illuminates the front of a row of Victorian-era houses in a terraced street in Bristol, England. Matt Cardy | Getty Images News | Getty Images LONDON — Hundreds of thousands of U.K. homeowners are facing the prospect of higher mortgage rates after a spike in U.K. borrowing costs. Major high street lender Virgin Money […]
Read More