As the earning season comes to a close, there are still some key names that are set to report their quarterly figures. Home Depot is one of those names, with expectations that their earnings may have fallen more than 5% from the year-earlier period. The home improvement giant has struggled this year, and analysts are
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In April, China saw an increase in consumer prices for the third consecutive month, a sign of improvement in domestic demand. This rise in consumer prices, coupled with better-than-expected imports data, suggests that the policy support measures implemented by the government are starting to have a positive impact on consumer confidence. The National Bureau of
In recent years, Germany’s trade landscape has been experiencing significant shifts, with the United States quietly taking over as the country’s top trading partner. Data shows that between January and March of 2024, the combined exports and imports between Germany and the U.S. amounted to 63 billion euros, surpassing trade with China which stood just
The global semiconductor industry is on the brink of a major transformation, all thanks to the rise of artificial intelligence (AI) PCs equipped with chips developed by British chip designer, Arm. According to analysts at Morgan Stanley, the demand for more powerful PCs to support AI applications is driving this shift. Microsoft, for example, now
South Korea’s convenience stores have added a unique item to their menu – gold bars. This new phenomenon has taken the country by storm, with customers flocking to purchase these mini gold bars from the shelves of CU outlets. Not only are they selling like hotcakes, but they also come in a variety of sizes
As markets in the Asia-Pacific region gear up to extend gains from the previous session, there is a cautious sense of optimism lingering. The upward trend follows Wall Street’s rise overnight, driven by expectations of potential interest rate cuts by the Federal Reserve. This anticipated move has sparked a positive sentiment among investors, prompting them
Asia-Pacific markets experienced a boost on Monday as they mirrored the gains seen on Wall Street. This surge in optimism came following a softer-than-expected U.S. jobs report, leading investors to believe that the Federal Reserve may soon cut rates. As market participants eagerly awaited key events such as the Reserve Bank of Australia’s rate decision
The interactions between Europe and China have been increasingly complex, with economic ties playing a significant role in the relationship. The EU-China trade, estimated at 2.3 billion euros per day, demonstrates the extensive economic interactions between the two regions. However, this economic interdependence is now intertwined with geopolitical concerns. European carmakers are facing challenges from
In the first quarter, Warren Buffett’s Berkshire Hathaway made headlines by trimming its gigantic Apple stake. The move signaled a shift in the investment strategy of the “Oracle of Omaha,” who has been known for his long-term approach to investing. Berkshire reported that its Apple bet was worth $135.4 billion, a decrease of around 13%
The European Central Bank (ECB) is expected to diverge from the Federal Reserve in terms of interest rate cuts, a move that could have particularly negative consequences for the 20-nation euro zone. According to economist Daniel Lacalle, the ECB is likely to cut interest rates in June while the Federal Reserve has decided to hold