July 16, 2023

The Dow Jones Industrial Average climbed Friday as strong earnings results from some of the biggest banks and companies kicked off earnings season. The 30-stock Dow added 113.89 points, or 0.33 per cent, to close at 34,509.03 and mark its fifth consecutive day of gains. Meanwhile, the S&P 500 dropped 0.10 per cent to close

In a notable development, the rate of inflation is declining rapidly after more than two years of continuous price increases. The CPI recorded a mere 3% rise in June compared to the previous year, marking its smallest increase since March 2021. Over the past 12 months, it has dropped by a significant 6.1 percentage points,

The UK and EU have initiated a rollback of one of their most prominent financial regulations in an effort to reinvigorate the region’s capital markets. However, investors and brokers are cautioning that the move may have come too late and could have limited impact. EU officials have been seeking to reverse certain elements of the

In an unexpected turn of events, the Pentagon’s annual funding bill has become the centre of a heated political battle as Republicans have inserted controversial “anti-woke” social provisions into the legislation. The bill, known as the National Defence Authorisation Act, has traditionally enjoyed bipartisan support, but the recent manoeuvre by Republicans threatens to derail its

China’s announcement of export restrictions on gallium and germanium has thrust these chemicals into the spotlight, highlighting the urgent need for the West to secure critical metals and minerals essential for the green transition and emerging technologies. As the demand for resources like lithium, copper, cobalt, and nickel is projected to double by 2030, investment