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Breaking News: Economy

High company valuations a ‘worry,’ IMF’s capital markets chief says

by Adrian Jhonsan
High company valuations a ‘worry,’ IMF’s capital markets chief says

Financial Counsellor and Director of the Monetary and Capital Markets Department Tobias Adrian hold the press briefing of the Global Financial Stability Report at the International Monetary Fund during the …

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‘Iran is in for the long haul’ with oil tanker hijacks, expert says

by Adrian Jhonsan
‘Iran is in for the long haul’ with oil tanker hijacks, expert says

Iranian soldiers take part in an annual military drill in the coast of the Gulf of Oman and near the strategic Strait of Hormuz. Anadolu | Anadolu | Getty Images …

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Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

by Adrian Jhonsan
Fed Chair Powell says there has been a ‘lack of further progress’ this year on inflation

Federal Reserve Chair Jerome Powell speaks during a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in …

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IMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks

by Adrian Jhonsan
IMF upgrades global growth forecast as economy proves ‘surprisingly resilient’ despite downside risks

Crowds walk below neon signs on Nanjing Road. The street is the main shopping district of the city and one of the world’s busiest shopping districts. Nikada | E+ | …

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Retail sales jumped 0.7% in March, much higher than expected

by Adrian Jhonsan
Retail sales jumped 0.7% in March, much higher than expected

Rising inflation in March didn’t deter consumers, who continued shopping at a more rapid pace than anticipated, the Commerce Department reported Monday. Retail sales increased 0.7% for the month, considerably …

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Oil is the ‘key risk to watch’ as Middle East tensions rise, analysts say

by Milton Acorn
Oil is the ‘key risk to watch’ as Middle East tensions rise, analysts say

Markets kept their cool on Monday amid a fast-moving and volatile geopolitical landscape in the Middle East — but the longer-term risk premium has likely risen, while oil prices remain …

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Categories Science

Apple CEO Tim Cook visits Vietnam

by Ev Richard
Apple CEO Tim Cook visits Vietnam

Apple CEO Tim Cook arrived in Hanoi, Vietnam, on Monday as the U.S. tech giant looks to boost sales in new markets. Cook will meet with Apple users, developers and …

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Categories Technology

Iran’s rial plunges to record low against dollar after Israel strikes

by Adrian Jhonsan
Iran’s rial plunges to record low against dollar after Israel strikes

Two men are holding Iranian banknotes on a sidewalk in Tehran’s business district, in Tehran, Iran, on April 13, 2024.  Nurphoto | Nurphoto | Getty Images Iran’s currency, the rial, …

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How the U.S. government is regulating AI

by Ev Richard
How the U.S. government is regulating AI

The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, …

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Categories Technology

Bank of England scraps fan charts in forecast overhaul

by Adrian Jhonsan
Bank of England scraps fan charts in forecast overhaul

The exterior of the Bank of England in the City of London, United Kingdom. Mike Kemp | In Pictures | Getty Images LONDON — The Bank of England on Friday announced a …

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