Germany's financial landscape has taken a significant turn with UniCredit's bold decision to increase its stake in Commerzbank. The Italian bank has acquired an additional 12% of the German lender, taking its overall holding to around 21%. But that's not all - UniCredit has also submitted a request
Britain's Finance Minister Pledges to Make Tough Choices to Restore Economic Stability Finance minister Rachel Reeves will promise Britain on Monday that there will be no return to austerity or widespread spending cuts despite previous warnings of a tough budget aimed at fixing the foundations of t
The Asian-Pacific markets were abuzz with news from Japan and China as investors tried to make sense of the latest monetary policy decisions. The US Federal Reserve's surprise rate cut last week had left many wondering what this meant for the global economy. In China, the youth unemployment rate had
In a recent fundraising event in New York City, Vice President Kamala Harris emphasized her commitment to investing in America's competitiveness and future. She proposed partnering with labor, small business founders, and innovators to stimulate growth and innovation. Harris believes that by embraci
As the 2024 presidential election heats up, a new national poll reveals a significant shift in the dynamics of the race. Vice President Kamala Harris has emerged as the leading candidate, gaining a 5-point lead over former President Donald Trump among registered voters. This turnaround is largely at
As France navigates its way through the complexities of politics, a new government has been announced, dominated by conservatives and centrists. The transition comes on the heels of a contentious election season, where the left-wing coalition secured the most seats in June-July parliamentary electio
The ongoing machinist strike at Boeing is causing mounting costs and could lead to a downgrade in the company's credit rating if it drags on too long. The strike, which began on September 13, has already resulted in lost production and halted shipments from Boeing's suppliers. The company is facing
The Federal Reserve's surprise half-point rate cut has left many investors scratching their heads. But what made this move so unexpected? To understand the situation, let's take a step back. The Fed's Chair, Jerome Powell, is known for providing clear signals about the central bank's next interest r
Imagine a world where the most basic economic principles are turned upside down. A world where tariffs are seen as a magic solution to all economic woes. A world where the experts are ignored, and the leader's gut feelings take precedence over facts and figures. Welcome to the world of Trump's econo
The stock market is expected to continue its upward trend, with Brian Belski of BMO raising his S&P 500 price target to 6,100. This prediction is based on a combination of factors, including the Federal Reserve's recent rate cut and favorable seasonal data. Belski believes that the market will finis
