Venezuelan bolívar loses 24% against the dollar in one year: here’s why
The Venezuelan bolívar has lost 24% of its value against the US dollar over the past year, exacerbating the country’s...
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Politics
The many flavors of Ben & Jerry’s corporate activism
Ben & Jerry’s, the iconic ice cream brand known for its social activism, filed a lawsuit on Wednesday against its...
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China opens Chancay port in Peru, boosting influence in Latin America
China is set to strengthen its position in Latin America with the official opening of the first phase of the...
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Gold set for worst week since 2021; copper market braces for further losses
Gold prices were flat on Thursday, but were on course for its worst weekly performance since 2021. Hot US inflation...
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Fed Chair Powell says current economy shows no urgency for rate cuts
Federal Reserve Chairman Jerome Powell expressed on Thursday that the robust state of the US economy allows for a patient...
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US stocks fall as post-election momentum begins to fade; Disney and Tapestry shares surge
US stocks fell on Thursday as investors sought to regain the postelection momentum that had previously driven major indexes to...
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October US consumer prices rise as expected; shelter costs lead gains
US consumer prices rose in October as expected, driven by higher shelter costs, including rents, indicating that the path toward...
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Dow climbs 100 points amid postelection rally and fresh inflation data; Spotify, Cava stocks rise
The Dow Jones Industrial Average edged up on Wednesday as investors aimed to extend a post-election rally following an inflation...
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Brazil’s central bank warns of prolonged rate-hike cycle amid rising inflation concerns
Brazil’s central bank has issued a stark warning regarding the possibility of a prolonged cycle of interest rate hikes, emphasizing...
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UBS cuts forecast for China stocks amid potential US tariffs and weak stimulus
UBS Global Wealth Management, the world’s largest wealth manager with US$6.2 trillion in assets under management, has cut its forecast...
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