World markets prepare for an eventful week. Investors monitor the effects of a Trump administration and the Ukraine war. Focus on US holiday shopping and inflation’s impact. Eurozone faces crucial inflation data and ECB decisions. Japan’s central bank weighs interest rate hikes amid a weakening yen.
Posts tagged All News
Wayanad LS bypoll Election Results 2024: Priyanka Gandhi in lead in early trends (23-11-2024)
Initial trends from the Wayanad Lok Sabha seat bypoll counting showed Congress-led UDF candidate Priyanka Gandhi Vadra leading. The by-election, held on November 13th, saw sixteen candidates vying for the seat, including Gandhi, making her electoral debut.
Wall Street Week Ahead-Black Friday puts consumer spending in market’s glare with stocks near records (23-11-2024)
As Black Friday approaches, retailers are bracing for a holiday season that will test consumer resilience amid inflation. While some retailers like Walmart have raised forecasts, others like Target are struggling. Investors are closely watching consumer spending and inflation data for clues on the economy’s trajectory.
Donald Trump selects former Congressman Dave Weldon for CDC Director (23-11-2024)
If confirmed, Weldon takes the helm of an Atlanta-based agency that’s been trying to regain public trust and address shortcomings identified during the pandemic
Fed survey finds inflation fading as a risk next to debt, trade wars (23-11-2024)
Financial experts were worried about the US economy. They feared rising debt, a possible recession, and threats to global trade. These concerns were reflected in the bond market, with rising yields on Treasury notes. The potential for a trade war and its impact on global trade flows and inflation added to the anxieties.
Maharashtra polls: No victory processions allowed in Chhatrapati Sambhajinagar on Saturday (23-11-2024)
The Chhatrapati Sambhajinagar district in Maharashtra prohibited victory processions on Saturday, the day of the state assembly election results. To prevent potential law and order problems, District Collector Dilip Swami, in consultation with police officials, issued prohibitory orders. While celebrations are temporarily restricted, processions will be permitted later when the situation is deemed peaceful.
Bitcoin at record highs, sets sights on $100,000 (23-11-2024)
Bitcoin reached a new all-time high, approaching $100,000, fueled by optimism surrounding a potentially favorable regulatory landscape under the Trump administration. The cryptocurrency has experienced a remarkable surge, more than doubling in value this year and soaring approximately 45% since Trump’s election victory. This surge is attributed to expectations of crypto-friendly policies and the election of pro-cryptocurrency lawmakers.
Donald Trump picks NFL veteran Scott Turner to lead Housing Department (23-11-2024)
Scott Turner is the first Black American picked for a Cabinet post in Donald Trump’s second administration
Trump-backed Derek Merrin concedes to Democratic US Rep Kaptur in Ohio (23-11-2024)
Her Trump-endorsed Republican rival said on Friday that he had called Democratic US Rep. Marcy Kaptur to concede defeat in the 2024 election.
In a video posted to X, formerly Twitter, fourth-term state Rep. Derek Merrin did not rule out running for Kaptur’s seat again in two years, but he said his immediate plans were to rest and recharge with his family.
The race for Ohio’s 9th Congressional District was not settled until this Wednesday, when official results landed Kaptur ahead of Merrin by about 2,300 votes, or 0.7 per cent of the vote.
That narrowly averted the automatic recount that would have been triggered at 0.5 per cent. Libertarian Tom Pruss, whose campaign was boosted by more than USD 400,000 from the pro-Democrat Voter Protection Project, won more than 4 per cent of the vote.
Merrin pointed to the contest’s huge price tag as evidence Republicans were competitive against the longest-serving woman in Congress.
Guys, they spent over USD 10 million against us. Democrats ..