Latest Business News
US Economic Data Points to Fed Rate Cut
Recent US data show weakening labor demand and consumer spending, boosting expectations for a Fed rate cut on December 10, with 83% probability priced in .
Canada Jobs Data Unlikely to Deter BOC Rate Hike
Canada's latest jobs report is expected to be soft, but analysts believe it won't stop the Bank of Canada from raising rates .
Australia Q3 GDP Supports RBA Rate Hike
Australia's Q3 GDP is forecast at 0.7% q/q, signaling stronger growth and supporting the Reserve Bank's case for a rate hike .
China PMI Falls to Near Three-Year Low
China's official manufacturing and non-manufacturing PMIs both declined in November, indicating worsening economic activity .
Nomura Completes Macquarie Asset Management Acquisition
Nomura finalized its $1.8 billion acquisition of Macquarie's US and European public asset management business, adding $166 billion in assets .
S&P 500 Nears Record High on Rate Cut Optimism
The S&P 500 closed near its October record, driven by expectations of a Fed rate cut next month .
Tech Giants Bet on AI for Smart Glasses
Alibaba, Amazon, and Meta are focusing on AI as the key driver for consumer adoption of smart glasses .
AI Reshapes US Labor Market
AI is rapidly changing the US labor market, performing technical and cognitive tasks across industries .
Poland's NBP Expected to Cut Rates Again
The National Bank of Poland is set to deliver its fifth consecutive 25bps rate cut, as inflation remains below forecast .
Swiss Voters Reject Wealth Tax Proposal
Swiss voters rejected a proposed tax of up to 50% on large donations or inheritances, fearing an exodus of wealthy residents .