Business News
Investors View Big Tech Rally to Grow Further as Recession Worries Still Rules
The Big Tech rally in 2023 will continue further as the risk of the United States recession pushes investors into stocks that offer profitable growth in lean time, per the latest Markets Live Pulse survey (MLIV). Of the 492 participants, 41 percent…
India Claims Itself as the World’s Fifth-Largest Stock Market
India has again claimed its position in the world's fifth-largest stock market after losing its spot to France in January 2023. The reason behind it being foreign investors have snapped up the Asian nation's shares.
Earlier, India's market…
Germany Enters Recession as its Economy Contracts Unexpectedly
Continuing inflation has helped push Germany into recession in the first quarter of 2023, as an upgrade to the growth data shows. According to the data by BBC, the economy contracted by 0.3 percent between January and March, as said by the statistics…
Other Asian Markets are Booming as China’s Stocks Sink
Asia's markets other than China are emerging as more attractive alternatives for global investors as China is stumbling over its equity market performance. Chinese stock gauge faced losses from its recent peak reach of 20 percent, just like…
Meta’s Slow Progress in Revenue Generation in the First Quarter of 2023
In recent quarters, Meta has been struggling to generate any progress whatsoever. The reason behind the weak demand for ads is the softening economy. It has made it difficult for Meta and other social media companies to keep their gross figures from…
Inflation Affecting Retail Industry In 2022-2023
The global economy is facing new challenges in 2023 due to various reasons. Without any deviation, this leads to a slowing economy that further checks the market growth. A blooming labor economy enhances sales in the market.
According to…
China To Boost Economy With New Property Support Package
After the policies failed in China's property market, the country is working on new measures to support this sector. In non-core neighborhoods of major cities, regulators are reducing the down payment, lowering agent commissions, and inducing…
Fed Is Moving Faster Than Its Past Records In Order To Control The Inflation
Due to the slow economic conditions globally, the low-interest rates have led the Federal Reserve to take decisive actions to get hold of inflation. It has been happening since the past 14 months to raise the federal funds' target rate by 500 basis…
Inflation Rate Falls Down In May 2023 After a Long Period
As per the United States Bureau of Labor Statistics, Consumer price growth fell to its lowest rate in May 2023 after a long period since March 2021. Many geopolitical and economic reasons led to the increase in inflation rates.
Annually the price…
Major EV Companies Of China Saw Rise In Sales Of EVs in May 2023
The electric vehicles (EV) market is booming as EV producers have seen a rise in demand in 2023. The auto industry is witnessing an expansion in the global sales of the overall electric car market share of up to one-fifth. China's EV market is…
Global Remittances Stays Durable But Slower In 2023
United States Sees Increasing Consumer Prices In 2023
Inflation of consumer prices in the United States has already calmed down, but the constant increase of 4 percent year over year has remained the same since May 2023, keeping pressure on households. But the producer price index has been declining…
World Competitiveness Ranking 2023 By IMD
International Institute for Management Development (IMD) published its World Competitiveness Ranking on June 2023 by evaluating 64 economies worldwide based on four broad categories: economic presentation, infrastructure, and efficiency of both…
Bank of England Raising Bank Rates To Stop Inflation
The Bank of England (BOE) has consecutively raised interest rates for the 12th time as it tries to stop prices from rising so quickly. The bank rate increased to 4.5 percent from 4.25 percent following a meeting of the Monetary Policy Committee.
…
UK Supermarkets Plans to Price Cap on Food Items
The rate of price rises in the supermarkets of the United Kingdom hit a new high in May 2023 due to chocolate, coffee, and non-food goods. The British Retail Consortium (BRC) and NielsenIQ said that the overall inflation rate at grocers is 9 percent…
Tesla Focused More on the Volume Than Prices, in the Second Quarter Earnings of 2023
The electric vehicle (EV) maker company Tesla is growing its production and reaching new levels of achievement in the global market. The company released its second-quarter earnings in 2023 in July. It cited the second quarter earnings as the record…
The United States Trade Partners In 2023
Cebu Remains Wealthiest Province In The Philippines In 2023
Cebu has retained its position as the wealthiest province in the Philippines in 2023, with total assets of PHP 208.27 billion, according to the Commission on Audit (COA). This is followed by Rizal and Batangas, with total assets of PHP 28.7 billion…
European Countries Sees New Values for Agriculture Sector in 2023
The World Bank publishes data on world development indicators, holding Europe's gross domestic product at about 1.6 percent in agriculture, forestry, and fishing for 2023. In the spring of 2023, European Union farmers have shown resilience due to…
United States Importers and Exporters In 2023
The import and export trade of the United States is measured mainly by the volumes of goods transported into the country. Still, it is significantly less known about the country's biggest exporters. The United States has always been at the top of the…