The U.S.stock market surged to new heights on January 22, 2025, with the S&P 500 reaching a record intraday high, driven by strong performances from key players like Netflix. The streaming giant saw its shares soar, nearing $1,000 apiece in early trading after surpassing quarterly earnings expectations. This rally underscores the resilience of the market … Read more
Dollar Strengthens Against Yen Amid Trump’s tariff Policies and BOJ Uncertainty As of 3:00 PM on January 22nd, the dollar/yen exchange rate hovered in the high 155-yen range, reflecting a continued trend of dollar strength and yen depreciation as the close of the New York market the previous day. This movement comes as U.S. President … Read more
New Car sales in Europe Show Modest Growth in 2024, Hybrid Vehicles Lead the Charge Table of Contents New Car sales in Europe Show Modest Growth in 2024, Hybrid Vehicles Lead the Charge December Sales Surge and Hybrid Dominance manufacturer Performance: Volkswagen and Renault Lead the Pack Key Takeaways from the 2024 European Car Market … Read more
Guggenheim CIO Predicts Fed Rate Cuts and Economic Resilience in 2025 DAVOS, Switzerland — Ann Walsh, chief investment officer (CIO) of U.S. asset management firm Guggenheim Partners, announced on January 20 that the U.S. Federal Reserve has implemented interest rate cuts nearly every quarter in 2025, totaling between 75 and 100 basis points (bp). Speaking … Read more
Russia and Iran Sign 20-Year Comprehensive Strategic Partnership Treaty in a historic move, Russian President Vladimir Putin and Iranian President Pezeshkian met in Moscow on January 17, 2025, to sign teh Treaty of Comprehensive Strategic Partnership, a landmark agreement set to last for two decades. The signing ceremony, held at the Russian presidential palace, … Read more
U.S. Stock Markets Rebound Amid Optimism Over Trump Administration Policies NEW YORK (Reuters) — U.S. stock markets staged a strong rebound as investors expressed widespread optimism about the health of the economy and future interest rate trends.The rally comes as markets prepare for a series of policies expected from the new Trump administration, signaling confidence … Read more
Biden Commutes Sentences for Nearly 2,500 Non-Violent Drug Offenders, setting Historic Clemency Record In a historic move, President Joe Biden announced on January 17, 2025, that he woudl commute the sentences of approximately 2,500 individuals convicted of non-violent drug crimes. This decision marks the most pardons and commutations issued by any U.S. president in … Read more
Trump Transition Team Requests Resignations of Three Senior State Department Officials Ahead of Re-inauguration As President Donald Trump prepares for his re-inauguration on January 20, his transition team has asked three senior career diplomats to resign, signaling potential sweeping changes within the U.S. State department. The officials—Derek Hogan, Marcia Barnicutt, and Alaina Teplitz—are responsible for … Read more
Teh Nikkei Stock Average experienced its fifth consecutive day of decline on January 15th, closing at 38,444.58 yen, down 29.72 yen from the previous trading day. This slight drop reflects a cautious market sentiment driven by rising interest rates in both Japan and the U.S., as well as anticipation of a potential rate hike by … Read more
Sheinbaum’s Pragmatic Approach to Trump’s Tariff Threats: A Test of U.S.-Mexico Relations In late November 2024, President-elect Donald Trump sent shockwaves through the global trade surroundings by announcing a 25% tariff on imports from Mexico and Canada unless both countries took stronger measures to combat illegal immigration and drug flows into the United States. … Read more