In a bold move to counteract the effects of the trade war with the U.S., China's central bank has slashed interest rates and eased lending regulations. This decision aims to stimulate the economy and support growth amid escalating tensions.
European bourses opened mixed as the U.K. markets remained closed for a bank holiday. Investors are keenly awaiting economic data and earnings reports, including major companies like Novo Nordisk and BMW.
In a surprising move, Zimbabwe's central bank is reissuing gold coins to bolster its local currency, the ZiG, just 10 months after halting the program. Discover the implications of this bold financial strategy.
In a week of cautious optimism, global leaders at the IMF and World Bank meetings express relief as the U.S. dollar remains stable despite Trump's inward-focused policies. Can we trust the U.S. economy's future?
U.S. stock index futures fell sharply as President Trump’s criticism of the Federal Reserve raises concerns about central bank independence. With ongoing trade tensions and economic uncertainty, investor confidence is shaken. Netflix sees gains on positive revenue outlook while Tesla faces delays in Model Y launch.
China's central bank has kept its loan prime rates steady, focusing on stabilizing the yuan amid U.S. trade tensions. Despite positive economic data, deflation raises concerns.
In a recent interview, Chicago Fed President Austan Goolsbee expressed concerns about political pressure affecting the Fed's ability to set monetary policy independently. He warns that undermining this independence could harm the economy.
Asian stocks fell sharply as investors reacted to escalating geopolitical tensions and impending US tariffs. With central banks holding rates steady, the market faces rising volatility and uncertainty about economic growth.
Discover the crucial updates in the Federal Open Market Committee's latest statement compared to January. Major changes could impact the financial landscape!
In a surprising turn of events, former Bank of Canada governor Mark Carney has been elected as Canada's new prime minister, succeeding Justin Trudeau. Carney promises to stand firm against U.S. trade pressures and asserts Canadian independence amidst rising nationalism.
