California Faces Blizzard Threat as Winter Storm Causes Outages across U.S.
As rare blizzard warnings were issued for the Southern California mountains, combined outages due to ice, high winds and heavy snow across the U.S. left more than 800,000 customers without power as of early Friday February 24.
SME IPO: Sealmatic India's Initial Public Offering (IPO) Subscribed by 45% on the First Day.
The issue received strong demand from retail investors.
Inflation Cooled Just Slightly, With Worrying Details
Inflation has slowed from its painful 2022 peak but remains uncomfortably rapid, data released Tuesday showed, and the forces pushing prices higher are proving stubborn in ways that could make it difficult to wrestle cost increases back to the Federal Reserve’s goal.
S&P Global: Strong Hints at Impending Stock Price Recovery
S&P Global (NYSE:SPGI) has been one of the best compounders in the past decade, with its share price up over 750% during the period, comfortably beating the return of the S&P 500 index.
Goldman Sachs Cuts U.S. Recession Odds to 25% on Strong Labor Market
After calling for a recession during the first half of last year and then for much of the latter half saying one was likely in 2023,
Economists Project China GDP to Record over 6 Percent Growth at Most in 2023, Injecting Impetus into Global Economic Recovery
International organizations and investment banks intensively raised their projections for China's economic growth in 2023 following impressive recovery of the country's consumption market during the Spring Festival holidays.
Wall Street to Jerome Powell: We don’t Believe You
Powell and his fellow Fed committee members yesterday hiked short-term interest rates another 0.25 percentage points to 4.75%, which means retirees and other savers are getting the best savings rates in a generation.
Chinese Search Giant Baidu to Launch ChatGPT-Style Bot
Baidu Inc. (BUDU) is planning to roll out an artificial intelligence chatbot service similar to OpenAI’s ChatGPT,
U.S. Economic Growth Stronger than Expected, but Not by Much
The U.S. economy fared better than expected at the end of last year, despite higher borrowing costs and the rising cost of living weighing on activity.
China’s Reopening Comes With a $720 Billion Inflation Bomb
In China, the reopening of the economy is coming at a time when its central bank is in easing mode – potentially making it all the more inflationary.
U.S. Economy Losing Momentum As Retail Sales Post Biggest Drop In 12 Months
U.S. retail sales fell by the most in a year in December, pulled down by declines in purchases of motor vehicles and a range of other goods, putting consumer spending and the overall economy on a weaker growth path heading into 2023.
China's Population is Shrinking. The Impact Will be Felt around the World
China may be one step closer to losing its place as the world's most populous country to India after its population shrank for the first time since the 1960s.
Bitcoin Roars Past $20k in Surprise Surge. Can the Rally Last?
Crypto investors have been starved for good news for months, and late on Friday they finally got some: Bitcoin unexpectedly soared past the $20,000 mark for the first time since the calamitous implosion of the FTX exchange last November.
NVidia (NVDA) Upgrading GeForce Now In 2023 — Rtx 4080 Gpus Bring 4k Gaming
As of January 2023, NVIDIA reports that over 25 million users have tried the GeForce Now service.