The Federal Reserve Bank of Philadelphia’s Manufacturing Business Outlook Survey for November 2024 came in at -5.5, a significant drop from the previous month’s reading of 10.3 and far below…
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Izzat El-Reshiq, a senior Hamas official, has accused Israel of “clashing with humanitarian values” amid the ongoing conflict in Gaza. This statement comes as international pressure mounts on Israel to…
Tensions in the Russia-Ukraine conflict have escalated significantly following a claim by Ukraine’s military that Russia launched an intercontinental ballistic missile (ICBM) towards the city of Dnipro. This marks the…
Tensions between Israel and Lebanon escalated as 10 projectiles were launched from Lebanon into Israel. Some of these projectiles were successfully intercepted by Israel’s defense systems. This incident follows a…
European Central Bank (ECB) Executive Board member Fabio Panetta has cautioned that if domestic demand in the Eurozone remains weak, inflation could fall well below the ECB’s 2% target. This…
The S&P 500 opened with a negligible gain of 0.01 percent, reaching 5,871.14 points shortly after the market opened. This flat opening reflects the current cautious sentiment among investors as…
European Central Bank (ECB) insiders suggest a strong likelihood of a 25 basis point (bp) interest rate increase in December. This move comes as the ECB grapples with persistent inflation…
Summary: The US Commerce Department is finalizing CHIPS Act awards for GlobalFoundries and at least two other chipmakers, signaling progress in the Biden administration’s initiative to boost domestic semiconductor production.…
Summary: The U.S. Department of Commerce is finalizing deals to award grants to at least three chipmakers, including Taiwan Semiconductor Manufacturing Co (TSMC) and GlobalFoundries, under the Chips and Science…
Summary: The European Union (EU) is considering formal enforcement action against Apple under the Digital Markets Act (DMA). This comes as the EU investigates whether Apple’s proposed solutions for complying…