Current Affairs

The U.S. dollar climbed sharply on Monday, reaching multi-year highs against other currencies after an unexpectedly strong U.S. jobs report highlighted the resilience of the American economy

Musk’s lawyer submitted a letter requesting the states to ensure an open bidding process to safeguard public interest as OpenAI move away from nonprofit control

TODAY’S NEWS The ongoing selloff in global bonds intensified on Wednesday, weighing on Wall Street stocks and bolstering the dollar as robust U.S. economic data lowered hopes for imminent aggressive interest rate cuts by the Federal Reserve. The 10-year U.S. Treasury yield climbed to a peak of 4.73%, the highest since April 2024, before settling […]

TODAY’S NEWS Asian shares surged on Monday thanks to a benign reading on U.S. inflation that restored hopes for potential policy easing next year. There was also relief that Washington managed to avoid a government shutdown. With last week’s central bank decisions behind, the current week is much quieter with only the minutes of a few of those […]

Two U.S. senators, Democrat Ed Markey and Republican Rand Paul, are calling on President Joe Biden to grant ByteDance a 90-day extension on the January 19 deadline for selling TikTok’s U.S. operations or facing a nationwide ban. The senators emphasized that the legal uncertainties surrounding the case and its potential impact on free speech warrant more time. 

Thousands of Amazon.com workers are set to walk off the job on Thursday at 6 a.m. ET (1100 GMT) at several key U.S. warehouses, just days before the peak of the holiday shopping season. The strike was called after union officials accused the e-commerce giant of failing to engage in contract negotiations. 

Oil prices remained range-bound in early Asian trading on Tuesday as investors awaited direction from the U.S. Federal Reserve’s upcoming interest rate decision and expressed concerns about demand from China. 

China’s new home prices fell at their slowest pace in 17 months in November, as government stimulus measures aimed at stabilizing the crisis-hit property sector began to take effect. 

Alphabet shares surged nearly 5% on Tuesday after Google unveiled its latest quantum computing chip, Willow, which the company claims has overcome a major challenge in the field.

Asian markets edged lower on Friday, driven by political unrest in South Korea and caution ahead of the U.S. nonfarm payrolls report, which could influence expectations for a Federal Reserve rate cut this month.