After 25 years of negotiations, the European Union and South America’s Mercosur group have reached a comprehensive trade agreement that is transforming regional economic and political dynamics, highlighting the limits of pressure tactics adopted by US President Donald Trump’s administration. Officials and observers believe the agreement demonstrates how South American governments are increasingly seeking diverse
US consumer inflation matched expectations in December, reinforcing market expectations that the Federal Reserve might keep interest rates on hold when it meets later this month. The Consumer Price Index for All Urban Consumers rose 2.7% in the 12 months through December, the US Bureau of Labor Statistics said on Tuesday, exactly in line with
Duolingo stock crashed to its lowest level since August 2024, continuing a downward trend that started in May last year when it peaked at $544. It has dropped by 70% below its all-time high, erasing billions of dollars in value as its valuation plunged to $7.48 billion. CFO departure concerns as management warns of short-term
US stocks were little changed on Tuesday as investors digested a slightly cooler inflation report and weighed the first wave of fourth-quarter corporate earnings. The S&P 500 edged up 0.1%, while the Dow Jones Industrial Average slipped by 35 points. The Nasdaq Composite hovered around the flatline, reflecting a cautious tone across equity markets. Tuesday’s
Cuba is bracing for the repercussions after US President Donald Trump threatened to cut off Venezuelan oil supply to the island, escalating an already dire energy situation highlighted by outages and shortages. The likelihood of a prolonged suspension in delivery has sparked fears of a siege-like situation in a country largely reliant on imported gasoline.
The UK communications regulator, Ofcom, has launched a formal investigation into X, escalating regulatory scrutiny of artificial intelligence tools embedded in major social media platforms. The probe focuses on whether X has met its legal obligations under the Online Safety Act, following widespread concern over how its AI chatbot, Grok, has been used to generate
Tempus AI stock remains in a bear market after crashing by 36% from its highest point in September last year. It has slumped to $66, with its market capitalization slumping from $17.8 billion in October to the current $12.1 billion. This article explores some of the top reasons why the TEM stock may rebound in
In a move without precedent in modern US history, the Justice Department has opened a criminal investigation into Federal Reserve Chair Jerome Powell over statements he made to Congress about the renovation of the central bank’s headquarters in Washington. The inquiry represents a dramatic escalation of President Donald Trump’s long-running campaign against Powell, transforming public
Capital One stock (NYSE: COF) tumbled nearly 10% in pre-market trading on Monday after President Donald Trump called for a one-year cap on credit card interest rates at 10%. The proposal sent shock waves through the banking sector and immediately triggered alarms about lending profitability and consumer credit access. The announcement, made without implementation details,
Abivax stock (EPA: ABVX) surged roughly 30% in early Paris trading Monday after French media reported that US pharmaceutical giant Eli Lilly was preparing a €15 billion ($17.5 billion) acquisition offer for the French biotech. The move would value the company at nearly double its current market capitalization and cap an extraordinary year of gains