PM Modi and President Trump affirm strong India-US partnership
Indian PM Modi congratulates Donald Trump on his second term, reaffirming India-US ties for mutual welfare, global peace, and security in a strategic dialogue....
Month : January 2025
China’s factory activity contracts in January, marking economic challenges
China’s manufacturing sector faces renewed contraction, as PMI data underscores weak domestic demand, global trade risks, and calls for stronger stimulus in 2025....
Trump calls for immediate rate cuts as Fed meeting approaches
Despite calls from President Trump for immediate rate cuts, the Federal Reserve is poised to maintain current interest rates, leaving consumers struggling with persistent high...
Global tech stocks tumble after DeepSeek AI model announcement
Nvidia fell 14% premarket as China’s DeepSeek launched a cost-efficient AI model, shaking global markets and raising concerns over U.S. dominance in AI infrastructure....
Bitcoin drops 5 percent erasing $5,000 in a sudden price slump
Bitcoin plunged 5 percent, losing $5,000 per token, as $130M liquidated in long positions. Traders now focus on Fed decisions, GDP data, and inflation indicators....
Trump imposes 25% tariff on all Colombian imports over migrant row
Trump’s 25% tariff on Colombian imports, escalating to 50%, targets coffee, oil, and flowers, driving up U.S. consumer prices while straining trade relations amid immigration...
Financial sector poised for crypto integration after SEC’s SAB 121 reversal
The SEC rescinds SAB 121, clearing barriers for banks to custody bitcoin and crypto, signaling a major step in regulatory evolution for digital assets....
Novo Nordisk reveals obesity drug with up to 22 percent weight loss
Novo Nordisk’s amycretin shows up to 22% weight loss in trials, boosting its stock by 6.87% as the drug exhibits safety and potential as a...
Japan raises interest rates to 0.5 percent amid inflation concerns
Japan raised its interest rate to 0.5%, the highest since 2008, citing inflation and wage growth, signaling a shift in the Bank of Japan’s long-standing...
US home sales stall as mortgage rates hit highest level since 2024
The US housing market faces weak demand as 7% mortgage rates return, home sales decline, and first-time buyers struggle with affordability challenges and record-high prices....