Analysts at Bank of America raised their prediction for the US market index S&P 500 at the end of 2024 from 5,000 points to 5,400 points. Analysts do not completely rule out the chance of a brief downturn in the stock market, despite the optimism. The experts claims that since 1929, there have been...

Delegates from the member states of OPEC+ have decided to prolong the cutback in oil exports by 2 million barrels per day (bpd) until the end of June, according to a report by Bloomberg. The newspaper reports that the reason why the OPEC+ countries' January supply decrease did not achieve the...

In the next years, the European Central Bank will keep setting a "floor" under market interest rates, but banks will have more control over the amount of liquidity they require, four people said. In a new period where inflation is higher and the enormous amounts of money injected into the...

Although January saw an increase in U.S. prices, the yearly gain in inflation was the lowest in over three years, meaning that the Federal Reserve's June interest rate cut remains on the table.   The Bureau of Economic Analysis of the Commerce Department reported on Thursday that the price...

Chinese Premier Li Qiang stated on Wednesday during a meeting with a visiting U.S. team that Washington should refrain from decoupling from China and that Washington and China should deepen their economic and trade connections, according to Chinese official radio.   "Strengthening economic...

A study by UBS Group AG shows that Chinese state funds have supported the nation's stock market by infusing more than 410 billion yuan ($57 billion) into it since the start of this year. UBS's data refers to an analysis of 54 Chinese ETFs. According to UBS, items linked to the CSI 300 stock index...

By 2030, the United States may account for 20% of the world's output of the most sophisticated processors required to run artificial intelligence (AI) systems, said the nation's Secretary of Commerce Gina Raimondo at a gathering hosted by the Center for Strategic and International Studies. She...

Ahead of this week's G20 finance officials meeting in Sao Paulo, Brazil, U.S. Treasury Secretary Janet Yellen will say at a news conference on Tuesday that robust U.S. economic growth has been a "key driver" of better than expected global growth.   According to Treasury-released portions of...

Although core consumer inflation in Japan fell for a third consecutive month in January, it nevertheless above estimates and remained at the central bank's target of 2%, maintaining hopes that negative interest rates will cease by April.   According to data released on Tuesday by the...