Business

November 10, 2024

Rivian’s quarterly performance falls short of expectations

Diane M. Eaton

Rivian's latest quarterly results reveal performance that fell short of market expectations, as the company reported an adjusted loss per share of 99 cents, compared to the expected loss of…

Business

November 9, 2024

Unemployment rates show mixed trends in October

Diane M. Eaton

In October, the unemployment rate for white Americans saw a slight increase, rising to 3.8% from 3.6% the previous month, according to the latest data from the Department of Labor.…

Business

November 8, 2024

Federal Reserve prepares for interest rate adjustments amid political changes

Diane M. Eaton

Federal Reserve Chair Jerome Powell will address the nation following the conclusion of the Federal Open Market Committee (FOMC) meeting, where another interest rate cut is expected. Scheduled for Thursday,…

Business

November 8, 2024

China’s economic strategy in light of Trump’s victory

Diane M. Eaton

The recent election of Donald Trump as president has set the stage for significant implications regarding China's economic policies, particularly regarding the fiscal stimulus measures expected to be announced soon.…

Business

November 7, 2024

U.S. homeowners begin to tap into home equity as rates shift

Diane M. Eaton

An aerial perspective of existing homes alongside new construction in the Chatsworth neighborhood of Los Angeles on September 8, 2023, highlights a significant moment in the real estate market. Recent…

Business

November 7, 2024

Wall Street CEOs express skepticism about further Fed rate cuts

Diane M. Eaton

At a recent economic conference in Riyadh, Saudi Arabia, top Wall Street CEOs expressed concern about ongoing inflation in the U.S. economy and questioned whether the Federal Reserve will continue…

Business

November 3, 2024

Saudi Arabia’s Future Investment Initiative faces new challenges amid regional tensions

Diane M. Eaton

Delegates are gathering at the King Abdulaziz Conference Center in Riyadh, Saudi Arabia, for the eighth iteration of the Future Investment Initiative (FII), a key economic forum central to the…

Business

November 2, 2024

Ray Dalio expresses concerns about U.S. political divides and economic challenges

Diane M. Eaton

Ray Dalio, the founder of Bridgewater Associates, shared his insights on the current state of American politics and economics during his appearance at the Future Investment Initiative in Riyadh, Saudi…

Business

November 2, 2024

Chinese firms eye IPO resurgence in the U.S. and Hong Kong

Diane M. Eaton

The landscape of Chinese companies seeking initial public offerings (IPOs) in the United States and Hong Kong is showing promising signs of recovery, as analysts predict a surge in listings…

Business