The market’s short-term direction is uncertain ahead of Wednesday’s inflation report. JPMorgan has broken down how different numbers will impact the market. The Bureau of Labor Statistics will release its December consumer price index reading at 8:30 a.m. ET, with expected annual inflation rates of 2.9% and 3.3%. The S&P 500’s reaction to the report … Read more
US President Joe Biden’s administration has taken a decisive stance on Russian oil sanctions in its final days, targeting key revenue sources of the Kremlin. The move is part of a broader effort to squeeze Russia, with crude oil prices hitting their highest level since August. The US has blacklisted almost 200 vessels from Russia’s … Read more
US President Joe Biden is implementing stricter controls on Chinese technology, aiming to bolster domestic manufacturing and artificial intelligence development. A new rule bans the sale of personal smart cars from China, Russia, and the US. The administration also plans to lease federal land to companies building data centers for AI, a move expected to … Read more
France’s new prime minister, François Bayrou, has announced plans to renegotiate a contentious plan to raise the retirement age from 62 to 64. The move is aimed at seeking more stability for his minority government amid mass protests and criticisms from various political parties. Bayrou vowed to seek a “new path of reform” without taboos … Read more
The DJI Flip is a high-quality drone that can help beginners capture stunning photos and videos. Priced at $439, it’s an excellent starting point for those new to drones. The device unfolds like a Star Wars AT-AT walker, features a carbon fiber design, and automatically powers on when you unfold it, saving two button presses. … Read more
The Minnesota Vikings’ sudden exit from the playoffs after a 14-2 start may have left fans puzzled, but some analysts argue that quarterback Sam Darnold isn’t the main culprit behind their downfall. In a recent conversation with Yahoo Sports, NFL analyst Nate Tice and fantasy analyst Matt Harmon discussed the team’s struggles, suggesting that changes … Read more
Russia’s inflation is expected to accelerate further in December, reaching a median estimate of 9.8%, as the ongoing invasion of Ukraine drives up prices for nearly all goods and services. Despite efforts to curb inflation through historically high interest rates, the central bank has missed its target for the fifth consecutive year, which stands at … Read more
The US Department of Commerce has announced a final rule banning the sale or import of connected vehicles from China and Russia due to national security concerns. The ban also prohibits Chinese companies, such as WeRide and Pony AI, from testing self-driving cars on US roads. National Economic Advisor Lael Brainard stated that allowing foreign … Read more
Brown-Forman Corporation is laying off approximately 12% of its 5,400 employees worldwide as part of a series of strategic initiatives to position the company for continued growth in the global spirits market. The move comes after the company celebrates its 155-year milestone in delivering quality products. The company’s president and CEO, Lawson Whiting, stated that … Read more
Moderna Therapeutics’ stock price dropped by more than 20% on Monday morning after the biotech company reduced its revenue guidance for 2025 to $1.5 billion and $2.5 billion, down from a previous estimate of $2.5 billion and $3.5 billion. The company is accelerating cost-cutting plans to reduce expenses by $1 billion this year, following disappointing … Read more