US Inflation Report Will Show Whether Stocks or Bonds Got it Right
For the first time in a long time, stock and bond markets are flashing divergent signals on the economy and future Federal Reserve policy. Tuesday’s inflation report will go a long way in determining which one is right. Bond markets have been cautious. Yields on two-year Treasuries have soared by more than 30 basis points […]
Adani Lowers Growth Target and Capital Expenditure on Post-Hindenburg Repair Moves
Gautam Adani’s conglomerate has halved its revenue growth target and plans to delay new capital expenditures, according to people familiar with the matter, as the Indian billionaire seeks to rebuild investor confidence in the wake of a short-selling attack. The group will now target revenue growth of 15% to 20% for at least the next […]
Bonds Plunge, Moody’s Sees External Position under Stress
Karachi: Sovereign bonds plunged on Friday after Pakistan’s bailout talks with the IMF ended without a deal. The country’s bond which was due to be paid off as soon as possible, in April 2024, fell 4.6 cents on the dollar or about nine percent. Other bonds with longer repayment dates fell between two and three […]
Central Bank of Brazil Will Test the Security and Privacy Levels of Digital Real Transactions
Brazil’s central bank will focus its first real digital tests on determining the levels of privacy and security that can be achieved with the central bank’s proposed digital currency infrastructure (CBDC). The tests will be carried out later this year and will establish a simplified operation to make transactions with a yet-to-be-determined tokenized asset. Brazil’s […]
Five Key Takeaways from Joe Biden’s 2023 State of the Union
Biden addressed his legislative agenda for the coming year, including economic goals, relations with China, and police reform. U.S. President Joe Biden delivered the annual State of the Union address, the second of his presidency, in which he outlined his policy goals and spoke about accomplishments as he ponders running for a second term. But […]
Death Toll Tops 4,000 After Earthquakes in Turkey and Syria
Sub-zero weather conditions and snowfall in the devastated region have increased hardship for rescue workers. Turkey’s President Recep Tayyip Erdogan has declared seven days of national mourning, and Syria has appealed to the United Nations for help following devastating earthquakes that killed more than 4,000 people and toppled buildings in southeastern Turkey and northern Syria. […]
Google Invests Nearly $400 Million in ChatGPT Rival Anthropic
Alphabet Inc.’s Google has invested nearly $400 million in artificial intelligence startup Anthropic, which is testing a rival to OpenAI’s ChatGPT, according to a person familiar with the deal. Google and Anthropic declined to comment on the investment but separately announced a partnership in which Anthropic will use Google’s cloud computing services. The deal marks […]
Thousands Mistake US Research Plane, Viral Explosion for Chinese Spy Balloon
A US high-altitude research balloon is now among the world’s most tracked aircraft after thousands of internet users mistook it for the alleged Chinese surveillance balloon hovering over the western state of Montana. More than 4,000 users followed every move of “N257TH,” a standard high-altitude research balloon that is often launched over the United States, […]
US Alleges Chinese Spy Balloon Flew Over Sensitive Military Sites
A suspected Chinese surveillance balloon has been flying over the United States for a couple of days, but the Pentagon has decided not to shoot it down for fear of harming people on the ground, US officials said. The United States took “custody” of the balloon as it entered US airspace and observed it with […]
Peshawar Bomb Blast at Police Line Mosque
PESHAWAR, January 30: A powerful suicide blast here at the Malik Saad Shaheed Police Lines mosque on Monday martyred at least 59 worshippers, mostly policemen, and wounded 175 others during the Zuhr (afternoon) prayer. According to a police spokesman, the death toll rose to 59 with 13 more critically injured expired here at Lady Reading […]