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 growth rate came down to 4 percent; price growth rose to 0.1 percent month-over-month. According to the U.S. Bureau of Labor Statistics, in the last 12 months, the price index has increased 4 percent before all seasonal adjustments. The data also added that the shelter index is the largest one to contribute to the monthly increase in the price of all the items, followed by the trucks and cars index. The food index reached up to 0.2 percent in May 2023, but the energy index reduced to 3.6 percent…

Google DeepMind's Alpha Zero AI, an artificial intelligence (AI) system, innovated algorithms that translate into C++ standard programming language and assemble data up to three times faster than human-made models in 2023. This new AI model is expected to make computing more efficient and rational. This AI system will use AlphaDev to reinforce using enhanced computer science algorithms.

AlphaDev helps in the faster algorithm for sorting; the users go through this process every day without being aware of it. It helps underpin all activities ranging from online search results to data processing on computers and phones. The best of AlphaDev's algorithm takes 4 to 71 percent less time than human algorithms. According to Nature, the total time…

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 points from March 2022. 

Based on recent surveys, the Fed raised its policy rate by 425 basis points for federal funds. But no other tightening cycle for the hike in interest rates in the last 40 years could come even closer to the current process based on scope and speed. Even long back, when the Fed was battling record-high inflation, the federal funds rate peaked at nearly 20 percent in 1980 or 1981.

At a press conference, the 16th chair of Fed, Jerome Powell, said they had raised the…

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 relaxations on restrictions for residential purchases under the guidance of the state council. 

The government of China also looks forward to refining and extending some policies laid out in the sweeping 16-point rescue package it rolled out in 2022. Chinese yuan also jumped on news of the potential measures underpinning more than 0.5 percent against the dollar, the largest advance in two months. Commodities like iron ore and copper also extended gains as dollar bonds rose, which are issued by…

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 International Monetary Fund (IMF), Some selected economies, which account for 83 percent of world output, and advanced economies like the United States and the United Kingdom, showed growth projections annually for the Gross Domestic Product (GDP) of about 0.5 and 1 percent for 2023. These two countries accounted for 3.2 and 2.3 percent of projections for 2022. For the blooming market and advancing economies like India and China, IMF accounted the annual growth projections in the GDP to be 6.1 and 4.6…

The European Commission (EU), along with the World Health Organization (WHO), have declared together the launch of a landmark digital health alliance in June 2023. With both organizations coming forward, this initiative will help citizens globally. 

Digital health technologies currently are an important part of our daily lives. People using technology to monitor their health significantly uplifts the tech sector in providing well-being to its users by adopting the EU system of digital COVID-19 certification, which will provide a digital system worldwide that will provide a better platform that will safeguard citizens from any occurring or future health diseases and aid mobility rate worldwide. The aim of WHO on Digital health is to…

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 falling.

According to the sources, when Meta reported its latest earnings, surprisingly, the sales came in better than the analysts expected; the sales of USD 28.6 billion in the Meta for the initial three months of 2023, which is up 3 percent from the prior-year period.

Along with the revenue growth, the company also marked an increase in the number of active users on Facebook, which is 2 billion and rising by 4 percent year over year. It also includes all the social media platforms of Meta…

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 benchmarks in India approached record height. In May 2023, Japanese stocks also hit a three-decade high, and Taiwan outperformed most of the stock markets around the globe.

As major world economies decouple from China, a shift in Asia -focused portfolios stay underway, surging concerns that a sink in Asia's largest economy will drag on equities elsewhere. Bright prospects for Korea and Taiwan, the world's leading chipmakers, and a comeback of inflation in India and Japan's flourishing consumption are…

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 office. A 0.5 percent contraction follows it in the last quarter of 2022.

A country is counted to be in recession when the economy shrinks for consecutively two quarters. An analyst of DekaBank said under the weight of massive inflation; the German consumer has fallen to such an extent that it is dragging down the country's entire economy. Germany's inflation was 7.2 percent in April, below the United Kingdom's 8.7 percent. The high prices weigh upon household spending, like food, clothing…

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 capitalization stood at USD 3.3 trillion as of May 29, 2023, which helped to rebound Adani Group's stocks after a seller report of 2023 sparked a rapid selloff. France meanwhile lost more than USD 100 billion in market price in the fourth week of May as the luxury goods makers witnessed a flight amid fears of a slowdown in the U.S. and China. As a result, of a rotation in China's economic recovery, Global funds are piling into Indian stocks, and foreign investors have also added USD 5.7 billion worth of…

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 said buying quality stocks would yield the highest returns in 2023. It includes taking long positions in companies like Microsoft Corp. and Apple Inc. 

Less clarity on interest rates and the economy is boosting the appeal of stocks with a strong cash flow and promising revenue growth, even though they come with hefty price tags. The tech-heavy Nasdaq 100 has clawed its losses from an end-2021 peak through a low in 2022, thus gaining momentum with the growing buzz around artificial intelligence…

Alphabet, the parent company of Google has incurred $2.6 billion in charges related to reductions in the workforce and office space in the first quarter of 2023.

The company, Alphabet also reported a revenue of $69.79 billion in the first quarter of 2023 in the month of January. It announced that it will fire almost 12,000 employees across the product areas, level and regions, and functions. As per the company, they took actions to optimise the global office space reductions of $564 million in the first quarter of 2023. They are in target to incur additional charges in the future as they further tried to evaluate the real estate needs.

Alphabet’s rival company Microsoft slashed 10,000 jobs and said in January that they are taking $1.2…

After the collapse of Silicon Valley Bank and Signature Bank spread, the fear that other banks might also fall increased. It resulted in a run-on deposit mostly at the smaller banks.

Although, the FED and the FDIC are stepping in quickly to contain the damage which made customers of failed Silicon Valley Bank and the…