Recent reports have highlighted a concerning trend in the alcohol market, particularly for the prestigious Chinese brand known as “Flying Fairy.” The brand, which is a traditional Chinese baijiu liquor, has seen a significant decrease in wholesale prices in recent weeks, sparking worries about the overall economic growth. This drop in prices comes on the
Chancellor Olaf Scholz recently stated in a television interview that Germany’s coalition government will prioritize its social agenda while also providing military aid to Ukraine. He emphasized the importance of defending and further developing the welfare state in the country, despite challenges and budget negotiations. Germany’s three-way coalition, consisting of the Social Democrats (SPD), pro-business
Deutsche Bank’s strategists have once again turned their attention to the S&P 500, suggesting that the index may experience another pullback. This follows their successful prediction in April, where they anticipated a pause in the market rally, resulting in a 4.6% decline in the weeks following their note. The strategists have identified three key factors
Goldman Sachs strategists have raised concerns about the potential impact of tariffs on US companies operating overseas as the US election campaign progresses. They have pointed out that stocks with high international revenue exposure could face significant challenges if tariffs are imposed. Goldman Sachs strategists highlighted that tariffs could create a headwind for companies with
The recent agreement between China and the European Union to commence talks regarding the imposition of tariffs on Chinese-made electric vehicles (EVs) imported into the European market represents a positive first step in resolving trade disputes. Germany’s Economy Minister, Robert Habeck, expressed optimism about the concrete negotiations on tariffs with China after being informed by
The construction industry is facing challenges due to extreme heat waves, leading to a slowdown in projects. According to Art Hogan, chief market strategist at B. Riley Wealth, what typically takes two days can now take three or four as builders need to take more breaks. To combat the effects of the heat, some companies
As of the end of 2023, Apple, Microsoft, Amazon, and Google stood as the leading global brands, dominating the market with their valuable presence. However, a surprising name emerged as a fierce contender in the race for market cap dominance – Nvidia. With a staggering valuation of $3.1 trillion (briefly reaching $3.3 trillion), Nvidia soared
Germany’s Economy Minister Robert Habeck visited China to discuss the proposed European Union tariffs on Chinese goods, including electric vehicles. The visit aimed to clarify that these tariffs are not punitive measures, but rather an effort to ensure fair competition. Habeck emphasized that the EU had thoroughly examined whether Chinese companies benefited unfairly from subsidies.
Boeing’s Starliner spacecraft, which was meant to return to Earth from the International Space Station with its first crew of astronauts, has faced yet another delay according to NASA. The return was initially scheduled for June 26th, but due to testing and technical issues, a new return date has not been provided. This raises questions
Apple made a surprising announcement on Friday regarding the delayed release of several new features in the European Union. Among these features is the highly anticipated “Apple Intelligence” AI product. The reason cited for this delay is the “regulatory uncertainties” stemming from the EU’s Digital Markets Act anti-trust regulation. This decision raises questions about how
The arthouse market is currently experiencing a surge in exciting and unique films that are attracting both critical acclaim and audience attention. One of the most recent releases, “Kinds Of Kindness” directed by Yorgos Lanthimos and starring Emma Stone, is creating quite a buzz. This film is expected to have the best limited opening of
The housing market is currently facing a challenging situation with previously owned home sales hitting a 30-year low. In May, existing home sales remained stagnant, falling by 0.7% from April, resulting in a seasonally adjusted, annualized rate of 4.11 million units. This decline represents a 2.8% drop compared to the same period last year. The
In the world of stock trading, one company can have a significant impact on the entire market. Nvidia, a leading AI chip firm, saw a decline in its shares for the second day in a row, causing a ripple effect throughout the technology sector. This decline not only affected the S&P 500 and Nasdaq, but
In recent days, the US dollar has seen a surge in strength against the Japanese yen and British pound. This comes as a result of the Federal Reserve taking a more cautious approach to interest rate cuts compared to other central banks around the world. The dollar index, which measures the currency against a basket