Gary Gensler Steps Down as SEC Chair Amid Trump’s Return
Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC), has announced his resignation, effective January 20. After three years at the helm, Gensler’s departure coincides with Donald Trump’s return to the presidency. This marks a significant shift in...
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UK Retail Sales See Biggest Drop in Four Months
Retail sales in the UK experienced a sharp decline of 0.7% in October 2024, marking the steepest drop in four months. This follows a revised 0.1% increase in September and far exceeded forecasts of a 0.3% decline. The slump highlights...
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Germany’s Economy: A Modest Q3 Recovery
Germany’s economy recorded slight growth in the third quarter of 2024, expanding by 0.1% quarter-on-quarter, according to revised figures. This marks a mild recovery from a 0.3% contraction in Q2 but falls short of the initial 0.2% growth estimate. On...
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Japan’s Inflation Hits Lowest Level Since January
Japan’s annual inflation rate eased to 2.3% in October 2024, down from 2.5% in September, marking its lowest level in nearly 10 months. This decline signals a slowdown in price pressures across several sectors, driven by reduced energy costs and...
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Australia’s Manufacturing PMI Improves Slightly in November
The Judo Bank Australia Manufacturing PMI rose to 49.4 in November, up from 47.3 in October. While the sector remained in contraction for the 10th straight month, the pace of decline softened to its slowest in six months. This slight...
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Canada’s Industrial Producer Prices Experience Strong Rebound in October 2024
Canada’s industrial producer prices surged by 1.2% month-over-month in October 2024, marking a significant recovery following two consecutive months of declines. The increase exceeded analysts’ expectations, which had forecasted a more modest 0.3% rise. This strong rebound comes after a...
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Dormant Bitcoin Wallets Come Back to Life: A Look at Their Impact
In a surprising turn of events, some of Bitcoin’s oldest and long-inactive wallets, known as dormant Bitcoin wallets, have become active. They are moving millions of dollars worth of cryptocurrency. These movements highlight the enduring relevance of Bitcoin as an...
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CBI Survey Reveals Improved Manufacturing Orders in November
The Confederation of British Industry (CBI) reported an improvement in its monthly net balance of new manufacturing orders, which rose to -19 in November 2024 from -27 in October. This exceeded market expectations of -25 and marked a modest recovery....
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An Unprecedented Storm Looms Over Bitcoin!
Bitcoin has long been a symbol of innovation and volatility in financial markets, and as a storm looms over Bitcoin, it stands at the cusp of a transformative era, driven by groundbreaking developments like the launch of Bitcoin ETFs and...
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UK Inflation Jumps to 2.3% in October 2024
The UK’s annual inflation rate rose to 2.3% in October 2024, marking its highest level in six months. This increase, up from 1.7% in September, surpassed both the Bank of England’s target and market expectations of 2.2%. The inflationary pressure...
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