Oil Prices Tumble as Energy Sites Remain Unscathed in Israeli Strike on Iran
Global oil prices dropped by approximately 6% following news that Israel’s recent military action against Iran avoided targeting key energy facilities. The sudden shift in…
Milliman analysis: Competitive pension risk transfer costs increase from 100.8% to 101.7% during September
Competitive bidding process saves about 2.7% of buyout costs as of September 30 SEATTLE, October 22, 2024 – Milliman, Inc., a premier global consulting and…
U.S. Port Workers Strike for First Time in Nearly 50 Years, Threatening Supply Chains Ahead of 2024 Elections
For the first time in nearly 50 years, U.S. port workers have gone on strike in a high-stakes standoff over wages, benefits, and job security.…
Sharp Decline in Diamond Prices Amid Slow Sales and Oversupply in July
In July, diamond prices experienced a notable decline, primarily influenced by sluggish retail sales and an oversupply situation in India. This downturn was further exacerbated…
Oil Prices Remain Low Amid U.S. Recession Fears and Middle East Tensions
The global oil market is experiencing significant fluctuations, with prices hovering at eight-month lows as concerns over a potential U.S. recession counterbalance rising tensions in…
AMD’s Meteoric Rise: A Decade of Transformation in the Semiconductor Industry
Over the past decade, the semiconductor industry has witnessed a dramatic shift, with AMD emerging as a formidable competitor to Intel, a long-time leader in…
Federal Reserve Poised for First Interest Rate Cut in Years This Fall
The anticipation surrounding the Federal Reserve’s potential interest rate cut this fall marks a significant moment in economic policy. For years, the Fed has maintained…
Americans Worry Extreme Weather Will Rain on Their Retirement
Allianz Life study finds few have a plan in place to address the rising costs of extreme weather KEY FINDINGS: 56% say they have anxiety…
Bitcoin Dips Below $67,000 Amid Concerns Over Potential US Government Crypto Sales
Bitcoin has recently dipped below the $67,000 mark, a significant move that has caught the attention of traders and market analysts. This decline is largely…
The China’s economic model focused on government investment and exports is showing diminishing returns
The International Monetary Fund (IMF) reports that China’s real gross domestic product (GDP) grew by 5.2% in 2023, with a projection of 5.0% growth for…
Why the Federal Reserve Maintains High Interest Rates
The Federal Reserve’s decision to maintain interest rates at a high level for an extended period has been a critical aspect of its monetary policy…
Deloitte’s “xTech Futures” Series Explores the Transformative Power of Biotech
The second installment in Deloitte’s “xTech Futures” series highlights biotechnology (BioTech) as a pivotal “xTech” domain—representing exponential and variable technologies that could become essential for…
Global Clean Energy Investments Fall Short of 2030 Renewables Goal, Says EY Report
Despite a record surge of US$1.8 trillion in clean energy investment last year, including US$660 billion allocated for renewables, the world remains off course to…
Gorilla Secures €23M Series B Funding to Revolutionize Data Processing in the Energy Sector
Gorilla, a leading technology company specializing in data solutions for energy retailers, has secured €23M in its Series B funding round. “No one knows what…
Turkey Imposes Heavy Tariffs on Chinese Electric Vehicles
Turkey has recently taken significant measures to curb the influx of electric vehicles (EVs) from China by imposing a substantial 40% additional tariff on these…
Robust Jobs Data Sparks Concerns Over Delayed Fed Rate Cuts, Nudging Wall Street Lower
The financial markets experienced a slight dip as Wall Street’s main indexes closed marginally lower. This decline was spurred by the release of stronger-than-expected monthly…
Gold bar vending machines have seen a surge in popularity across South Korea
Gold bar vending machines have seen a surge in popularity across South Korea, reflecting a growing trend among consumers who are increasingly interested in precious…
Resurgence in the Skies: Airline Industry Poised for Record Passenger Numbers in 2024
The airline industry has been on a turbulent journey over the past decade, marked by a steady growth trajectory interrupted by a sharp downturn due…
Mexico Poised for Historic First Female President as Two Women Face Off in National Election
In a historic moment for Mexico, citizens are heading to the polls as two women vie for the presidency, ensuring the country will have its…
OPEC+ Agrees to Extend Production Cuts Through Year-End to Stabilize Oil Prices
OPEC+, the alliance of oil-producing nations led by Saudi Arabia and Russia, has tentatively agreed to extend all production curbs through the end of the…
Adani Ports Signs 30-Year Concession to Operate Container Terminal 2 at Dar es Salaam Port
In a landmark move, Adani International Ports Holdings Pte Ltd. (AIPH), a wholly owned subsidiary of Adani Ports and Special Economic Zone Ltd. (APSEZ), has…
The EU’s $47 billion trade surplus over U.S. is a new record high. Expect it to get bigger.
The European Union’s trade surplus with the United States has reached a historic high of $47 billion, marking a significant milestone in international trade dynamics.…
Redfin Report: The Sun Belt Is Seeing Some of the Biggest Rent Declines in America
Nationwide, the median asking rent rose 1% to $1,648 in April—the first increase in a year SEATTLE, May 17, 2024 – (NASDAQ: RDFN) — The…
Digital River Survey Finds Consumers Express Optimism for Future Finances Despite Economic Pressures
Data shows consumers reducing spending and turning towards second sources of income in the face of rising prices MINNEAPOLIS, May 02, 2024 – Digital River,…