U.S. President Joe Biden greets South Africa’s President Cyril Ramaphosa in the Oval Office at the White House in Washington, September 16, 2022. Evelyn Hockstein | Reuters South Africa’s genocide accusation against Israel has placed further strain on an already frayed relationship with the U.S. and could have serious diplomatic ramifications. The International Court of … Read more
Cars stranded in a flash flood caused by a monsoonal thunderstorm on Sept. 1, 2023, in Thermal, California. David Mcnew | Getty Images News | Getty Images Destructive thunderstorms in North America and Europe and a series of devastating earthquakes last year cost the world around $250 billion in damages, according to a new report … Read more
Federal Reserve Bank Governor Michelle Bowman gives her first public remarks as a Federal policymaker at an American Bankers Association conference In San Diego, California, February 11 2019. Ann Saphir | Reuters Federal Reserve Governor Michelle Bowman, who had been one of the central bank’s staunchest advocates for tight monetary policy, said Monday she’s adjusted … Read more
A screen displays the Dow Jones Industrial Average after the closing bell on the floor at the New York Stock Exchange on Dec. 13, 2023. Brendan Mcdermid | Reuters The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, the head of macro … Read more
Here are the most important news items that investors need to start their trading day: 1. A bumpy beginning 2. Boeing woes continue Boeing shares dropped in premarket trading Monday, after the FAA grounded about 171 of the company’s 737 Max 9 planes. The agency grounded the aircraft for inspections after a panel blew out … Read more
The airline industry’s dramatic climb from the depths of the pandemic may be ending soon. A review of multiple reports shows stabilization across several key metrics, as rapid growth ends and a new era of normalcy begins. “2024 is expected to mark the end of the dramatic year-on-year increases that have been characteristic of the … Read more
Mumbai: Amid discussions with bankers over elevated funding costs and operational challenges brought about by liquidity deficit, the Reserve Bank of India (RBI) has sought to cool money market rates by conducting regular short-term fund injections after a long hiatus. “Banks have individually communicated with the RBI after the liquidity deficit widened significantly at the … Read more
A pedestrian holds an umbrella as they walk along a street in the rain in Times Square, New York, on Sept. 26, 2023. Ed Jones | AFP | Getty Images The state of the U.S. economy may be a chief concern among Americans, but 2023 wound up as a pretty good year for the macroenvironment. … Read more
A networking and hiring event for professionals of color in Minneapolis, MN. Michael Siluk | Getty Images The unemployment rate for Black Americans fell significantly in December, closing out 2023 on a positive note, according to data released Friday by the Department of Labor. Black Americans, the group with the highest jobless percentage in the country, … Read more
Loaded containers stacked on top of a cargo ship sailing in a canal on Janvier 20, 2017 in Suez Canal, Red sea, Egypt. Camille Delbos | Corbis News | Getty Images WASHINGTON — The strong December jobs report released Friday capped off a year of economic wins for the Biden administration. Now, global shipping delays … Read more
