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Economy
UK faces widespread riots and unrest as foreign governments issue travel warnings
August 07, 2024 06:39 AM AEST| By InvezzAs violent riots and disorder spread across the UK, several countries have issued travel advisories warning their citizens about potential dangers. The unrest, initially sparked by anti-immigration protests, has resulted in numerous arrests and wides...
Who is Tim Walz? Kamala Harris selects Minnesota governor as vice presidential candidate
August 06, 2024 11:52 PM AEST| By InvezzDemocratic candidate Kamala Harris has chosen Minnesota Governor Tim Walz as her running mate for the 2024 presidential election. Minnesota Governor Tim Walz brings a mix of progressive and centrist policies to the ticket. A former US Army Nati...
Reserve Bank of Australia keeps key rate unchanged at 12-year high
August 06, 2024 08:19 PM AEST| By InvezzThe Reserve Bank of Australia left the interest rates unchanged at 4.35% at a 12-year high, stating that inflation was still too high and was coming down slower than expected. The central bank held the key interest rate for a sixth straight meeting o...
Wall Street bleeds more in Monday’s final trading hours, S&P 500 down 3.3%
August 06, 2024 06:04 AM AEST| By InvezzThe US stock market faced significant declines as trading entered its final hour on Monday, continuing a recent trend of heightened volatility. The S&P 500 fell by 3.3%, with its losses fluctuating throughout the day. During the morning session,...
What is the Yen carry trade and why is it crashing markets?
August 06, 2024 01:13 AM AEST| By InvezzThe Yen carry trade is being talked about a lot since last Friday. What exactly is it and why is it contributing to the market crash?
Explained: What’s the reason for global stock sell-off and who’s to blame?
August 06, 2024 12:46 AM AEST| By InvezzGlobal markets experienced a significant upheaval as traders reacted to recent economic data, unwinding bets that had dominated much of the year. Japan’s Topix index suffered a dramatic fall of more than 12%, marking the most substantial sell-o...
Bangladesh PM Sheikh Hasina resigns, flees country amid violent protests
August 05, 2024 09:10 PM AEST| By InvezzIn a dramatic turn of events, Bangladesh Prime Minister Sheikh Hasina was reported to have resigned amid violent protests and angry demonstrators storming her residence and fled the country. She left for India with her younger sister in a military he...
What a full-blown Iran-Israel war could mean for the Middle East economy?
August 04, 2024 10:38 PM AEST| By InvezzA sharp rise in geopolitical risk and the Israel-Gaza conflict potentially escalating into a regional war involving Iran and Hezbollah are raising significant economic concerns for Lebanon, Israel, and Iran. Analysts predict severe consequences for t...
Forex chart of the week: USD/INR hits ATH ahead of RBI decision
August 04, 2024 05:15 PM AEST| By InvezzThe USD to Indian rupee (USD/INR) will be the forex chart to watch this week as the market watches the actions of the Reserve Bank of India (RBI) and continue reflecting on the next actions by the Federal Reserve. The pair was trading at 83.77 on Fri...
US elections: Harris campaign brings in $310 M in July, outpacing Trump
August 03, 2024 01:40 AM AEST| By InvezzKamala Harris’s presidential campaign has achieved a remarkable fundraising milestone, bringing in $310 million in July. This figure is more than double the $137 million raised by Donald Trump’s campaign during the same period, according to a report...
Why is Northern Ireland lagging behind UK in adopting Real Living Wage?
August 03, 2024 12:50 AM AEST| By InvezzNorthern Ireland is falling behind other UK regions in adopting the Real Living Wage, even though it has a significant number of low-paid workers. The Real Living Wage, calculated by the Resolution Foundation, is set at £12 an hour outside Lond...
Fed to cut in September, December, Macquarie says, amid fresh recession jitters
August 02, 2024 05:54 AM AEST| By InvestingInvesting.com -- The Federal Reserve is widely expected to deliver its first rate cut next month and followed it up by cutting again in December to ensure the economy remains on track for a soft landi
Student debt cancellation: Biden’s new plan promises relief for 30 million borrowers
August 02, 2024 03:38 AM AEST| By InvezzIn a pivotal move for millions of American students, the Biden administration will soon roll out a new student debt relief initiative, aiming to provide targeted assistance to borrowers affected by student loans. Approximately 30 million Americans ar...
Greek economy boosted by €5 billion inflow following S&P’s credit rating upgrade
August 02, 2024 02:41 AM AEST| By InvezzIn a major financial boost for Greece, the country has witnessed a substantial inflow of €5 billion into its shares and bonds following a recent upgrade in its credit rating outlook. This surge in investment was triggered by Standard and Poor&#...
Bank of England cuts interest rates for first time in four years
August 01, 2024 09:13 PM AEST| By InvezzIn a closely contested decision, the Bank of England has cut interest rates for the first time in over four years, providing a potential boost to the Labour government’s efforts to stimulate economic growth. The Monetary Policy Committee (MPC)...
Donald Trump unveils limited edition Bitcoin-themed sneakers
August 01, 2024 04:49 AM AEST| By InvezzIn a striking move that merges fashion with cryptocurrency, former President Donald Trump has announced the release of limited-edition Bitcoin-themed sneakers. This development comes on the heels of Trump’s recent speech at the Bitcoin Conferen...
Brazil’s unemployment rate drops to 6.9% in June, lowest since 2015
August 01, 2024 03:04 AM AEST| By InvezzBrazil’s unemployment rate has reached its lowest level since 2015. The rate averaged 6.9% in the three months leading up to June 2024, aligning with market predictions, according to the Instituto Brasileiro de Geografia e Estatística (IBGE). T...
Eurozone inflation rises to 2.6% amid expectations of ECB rate cut
July 31, 2024 07:24 PM AEST| By InvezzInflation in the Eurozone increased slightly to 2.6% in the year to July, up from 2.5% in June. This rise in inflation, reported by Eurostat, exceeded the expectations of economists polled by Reuters, who had predicted price pressures to remain flat...
Bank of Japan raises interest rate to 0.25%, cuts bond purchases in major policy shift
July 31, 2024 07:10 PM AEST| By InvezzThe Bank of Japan (BoJ) has increased its benchmark interest rate to 0.25% and announced plans to halve its monthly bond purchases, marking a significant shift towards tighter monetary policy. This move contrasts with the US Federal Reserve’s c...
Trump vs Harris: A battle between Big Oil and Big Tech
July 31, 2024 06:15 AM AEST| By InvezzAs the political battle heats up, a Trump vs Harris showdown is increasingly becoming a battle between Big Oil and Big Tech
