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Citi's Hollenhorst Sees Trend Toward Cooling Inflation
Citi's Hollenhorst Sees Trend Toward Cooling Inflation
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India's July retail inflation accelerated to 4.45% due to higher food prices, up from 4.38% a month ago, a pace unlikely to alter the Reserve Bank of India's rate outlook.
The July inflation figure was largely in line with economists' expectations and marked the second consecutive month that inflation breached the RBI's 4% medium-term target. Food inflation climbed to 5
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Yahoo Finance: As the market worries about an AI bubble and overvaluation, the article revisits Warren Buffett's 1999 advice that investors should focus on companies with sustainable competitive advantages.
Yahoo Finance published an article pointing out that market concerns about an AI bubble are growing, with Bank of America's latest global fund manager survey showing that 45% of fund managers are worr
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US average 30-year mortgage rates held near a one-year high of 6.77% last week, according to the Mortgage Bankers Association.
US average 30-year mortgage rates held near a one-year high of 6.77% last week, according to the Mortgage Bankers Association. Applications for purchase mortgages tracked by the trade group were sligh
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Salesforce founder Marc Benioff invested in AI startup June AI, which aims to replace workers with AI, a move that contrasts with his public stance that AI will not lead to massive job losses in the tech sector.
Marc Benioff previously stated that claims of AI leading to massive job losses in tech were false, noting that Salesforce's software engineers were being augmented, not replaced, by AI. However, June
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The American Institute of Certified Public Accountants (AICPA) is calling on the U.S. Department of the Treasury and the Internal Revenue Service (IRS) to clarify the Corporate Alternative Minimum Tax (CAMT) rules.
In its letter, the AICPA noted that three recent CAMT notices still contain unresolved issues and offered several recommendations aimed at easing the compliance burden, avoiding double counting of inc
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Senior Iranian Source to Reuters: Discussion underway for U.S. return to MOU, defining timeframe for implementing its commitments
Senior Iranian Source to Reuters: Discussion underway for U.S. return to MOU, defining timeframe for implementing its commitments
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India's July inflation remained within the Reserve Bank's 2%-6% target range, cementing expectations for a prolonged pause in interest rate hikes.
India's July inflation remained within the Reserve Bank's 2%-6% target range, cementing expectations for a prolonged pause in interest rate hikes.
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S&P 500 dividend yield hits record low near 1%, prompting retirees to rethink strategies
The S&P 500's dividend yield has fallen to just above 1%, marking a record low, according to Charlie Bilello, chief market strategist at Creative Planning. This decline is attributed to stock prices c
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Senior Iranian Source Tells Reuters: U.S. Violated Interim Pact 48 Hours After Reaching It, Withdrew Days Later
Senior Iranian Source Tells Reuters: U.S. Violated Interim Pact 48 Hours After Reaching It, Withdrew Days Later
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South Korea's media watchdog concludes Google, Apple violated laws by abusing app marketplace dominance; sanctions pending
South Korea's media watchdog, the Korea Media Communications Commission, concluded Wednesday that Google and Apple violated related laws by abusing their dominance in their respective app marketplaces
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Senior Iranian source tells Reuters there are no discussions over extending ceasefire between Iran and U.S.
Senior Iranian source tells Reuters there are no discussions over extending ceasefire between Iran and U.S.
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Societe Generale suggests AI may accelerate the K-shaped economy, potentially concentrating wealth further.
The French bank notes that while AI could narrow wage gaps by helping less-specialized workers perform more complex tasks, its impact on wealth may differ. AI rewards ownership of computing power, mod
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Trump administration plans $900 million White House construction and modernization push
The Trump administration intends to spend at least $900 million on construction and modernization projects across the White House grounds, according to the Washington Post. Funding for these projects
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China's COMAC C919 aircraft completed its first international commercial flight, operating the Air China Beijing to Ulaanbaatar route.
China's C919 passenger jet completed its first scheduled international commercial flight on Wednesday, operated by Air China from Beijing to Ulaanbaatar, Mongolia. This marks a significant step for Ch
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Cleveland Fed President Hammack warns one rate hike likely insufficient to curb inflation, citing wage erosion
Federal Reserve Bank of Cleveland President Beth Hammack stated in an interview that a single 25 basis point rate hike would likely not be enough to combat the current inflation, though she did not sp
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Bank of England to test stablecoin and digital pound interoperability in cross-border trade finance
The Bank of England (BOE) is moving its digital pound exploration into Phase 2, where its Digital Pound Lab will test how public stablecoin infrastructure and central bank money can coexist in a singl
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Synchrony Bank offers the highest CD rate today, August 12, 2026, at 4.30% APY for its 16-month CD.
Synchrony Bank offers the highest CD rate today, August 12, 2026, at 4.30% APY for its 16-month CD.
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Yahoo Finance analysis: Tech stocks are getting cheaper with strong earnings, as their forward P/E premium over S&P 500 has fallen from 35% a year ago to about 10%.
The analysis highlights that while corporate profits continue to climb, the valuation premium for tech stocks is decreasing. A year ago, investors paid roughly 35% more for a dollar of expected tech e
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US Mortgage Rates Today, August 12: 30-Year Fixed Rate Rises to 6.65%, 15-Year Fixed to 6.00%
According to Zillow lender marketplace data, the average 30-year fixed mortgage rate increased by 6 basis points to 6.65% today, Wednesday, August 12. The 15-year fixed loan rate also rose by 3 basis
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Nebius Group (NBIS) shares jump 9.5% to $211.64 in premarket trading after Q2 2026 results, fueled by Goldman Sachs' bullish assessment and AI cloud optimism
The AI cloud infrastructure company's stock climbed from a previous close of $193.23, with investors reacting positively to its second-quarter financial results. The rally was further bolstered by a b
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Analysts expect BTS's 2027 Hong Kong tour to boost hotel bookings
The South Korean pop superstars' Arirang world tour, their first since completing mandatory military training, is anticipated to drive a surge in the city's hospitality sector, mirroring the booking i
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Bloomberg: Most US AI data center power demand may not materialize due to "ghost projects" and low-success-rate proposals
Bloomberg: Most US AI data center power demand may not materialize due to "ghost projects" and low-success-rate proposals
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Pakistan says the deadline for the US-Iran memorandum of understanding (MOU) can be extended.
Pakistan says the deadline for the US-Iran memorandum of understanding (MOU) can be extended.
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Two Chinese-linked supertankers U-turn in Strait of Hormuz amid high shipping risks after Trump's hard line on Iran
The move comes as prospects for a normalization of traffic in the region are dimming.
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Samsung Electronics to invest 240 billion won ($171.6 million) in a new HVAC production line in Gwangju, with production set to begin in early 2028
Samsung Electronics to invest 240 billion won ($171.6 million) in a new HVAC production line in Gwangju, with production set to begin in early 2028
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Singapore's Monetary Authority (MAS) introduces new measures to enhance asset management competitiveness
The Monetary Authority of Singapore (MAS) announced a series of new measures aimed at strengthening its competitiveness as a leading asset management hub. These measures include: tax exemptions for in
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Hong Kong Exchange Posts Record Earnings, with Q2 Net Income Rising 21% to Beat Market Estimates, Driven by IPO and Trading Boom
Hong Kong Exchange Posts Record Earnings, with Q2 Net Income Rising 21% to Beat Market Estimates, Driven by IPO and Trading Boom
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FTSE Russell Defers Indonesia Stock Additions to Indexes Until December to Assess Market Reforms
FTSE Russell Defers Indonesia Stock Additions to Indexes Until December to Assess Market Reforms
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Financial Times analysis suggests Russia and Ukraine's attacks on each other's agricultural exports could trigger a global grain crisis
Financial Times analysis suggests Russia and Ukraine's attacks on each other's agricultural exports could trigger a global grain crisis
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HKEX Q2净利润同比增长21%至53.8亿港元，创历史新高并超市场预期
Hong Kong Exchanges and Clearing (HKEX) reported its second-quarter net profit soared 21% year-on-year to HK$5.38 billion (US$683.4 million), or HK$4.26 per share。这一业绩高于分析师预期的49.6亿港元，主要得益于首次公开募股（IPO）和
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Iran is considering targeting US military assets in Europe if Trump escalates war, according to insiders
Proposals to retaliate against US assets beyond the Middle East are being discussed as many in Tehran view renewed conflict as inevitable.
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South Korea cuts short joint military exercises with the U.S. after President Trump condemned them as "costly" and "hostile" toward North Korea
South Korea's Joint Chiefs of Staff announced the decision, days after President Donald Trump's remarks. The annual drills are set to conclude this Friday.
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Ukraine's bond market has rallied 150% over four years, showing traders it can beat the odds.
Ukraine's bond market has rallied 150% over four years, showing traders it can beat the odds.
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Australia's RBA Deputy Governor Hauser Says Rates Will Need to Rise If Prices Fail to Ease
Australia's RBA Deputy Governor Hauser Says Rates Will Need to Rise If Prices Fail to Ease
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India's Chaotic Stock Closing Auction Clouds BSE's Growth Outlook
The turbulent rollout of India's new closing share-price discovery mechanism, aimed at aligning with global standards, is negatively impacting BSE Ltd., leading some analysts to question the growth pr
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Iranian academic Maryam Tahmasebi accuses US of 'bloodline punishment' over family's detention and green card revocation
Tahmasebi, a US permanent resident, stated in The Nation magazine that she, her husband, and their son have been detained since April. The US State Department revoked their immigration status due to h
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Swiss Voters Expected to Reject Stricter Neutrality in Upcoming Ballot
Swiss voters are set to reject an initiative to strengthen the country’s neutrality in a ballot next month. Russia has attempted to sway the vote with jibes about Switzerland’s actions during World Wa
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<p>White House: US President Donald Trump announced a 3-day suspension of additional tariffs on Canadian alcoholic beverages, dairy products, and automobiles</p>
The White House announcement indicates that this move is due to Canada's commitment to eliminate discriminatory measures against U.S. businesses, and relevant negotiations between the two countries ar
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China Eases Limits on Nvidia H200 Chip Shipments for Key Tech Groups
Beijing is permitting small shipments of the chips to help leading domestic tech companies catch up with US rivals in the escalating AI race.
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Japan's benchmark 10-year bond yield nears 3% for first time in three decades, on Takaichi budget fears and US view worries
Japan's benchmark 10-year bond yield nears 3% for first time in three decades, on Takaichi budget fears and US view worries
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China's State Council amends "Regulations on the Administration of Housing Provident Funds," including renovation and property fees in the scope of withdrawal.
China's State Council has revised the "Regulations on the Management of Housing Provident Funds," expanding the scope of withdrawals to include home renovation for self-occupied housing and payment of
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Analysts: China's economy is experiencing a K-shaped recovery, with industrial robot, electric vehicle, and semiconductor output growing by at least 20% year-on-year in July, expected to continue driving AI stocks.
Analysts say China's K-shaped economic recovery will likely prompt investors to continue betting on artificial intelligence (AI) stocks. The latest data shows the tech sector remains a key driver of g
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Hong Kong stocks fall, Hang Seng Index down 0.5% and Tech Index 1.4%, pressured by rising US bond yields and Iran conflict stalemate
Hong Kong stocks declined on Wednesday, with the Hang Seng Index falling 0.5% to 25,323.70 and the Hang Seng Tech Index dropping 1.4%. Investors were put on tenterhooks by elevated US Treasury yields
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PHP/USD: Philippine Peso Fell to New Record Low as Oil Prices Rise
The Philippine peso fell to a record low against the dollar as higher oil prices put renewed pressure on the currency.
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Westpac: AUD/USD edged lower due to weakening AI and chip stocks, and record-high long-term government bond yields.
The Australian dollar edged lower as "another leg down" in artificial intelligence and chip stocks combined with fresh highs in long-term government bond yields to sap market risk appetite, said Richa
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Former New York Gov. Andrew Cuomo warns U.S. falling behind on crypto rules, urges passage of CLARITY Act
Former New York Governor Andrew Cuomo stated that the CLARITY Act is crucial for linking the crypto market with traditional financial markets, emphasizing its necessity for the U.S. to catch up on cry
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Rising Japan bond volatility is driving a surge in futures trading in Singapore, attracting global funds and relative-value traders.
Rising Japan bond volatility is driving a surge in futures trading in Singapore, attracting global funds and relative-value traders.
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