Canada has announced a two-year extension of its mineral exploration tax credit, aimed at supporting investment in the mining sector and boosting the nation’s energy and natural resources industries. Natural Resources Minister Jonathan Wilkinson made the announcement on Sunday, emphasizing the government’s commitment to fostering growth in exploration projects. The mineral exploration tax credit, which […]
February’s Choppy Market Performance: Consumer Confidence Drops and Investor Uncertainty Grows
February was a turbulent month for investors, marked by disappointing consumer confidence data, weak consumer spending reports, and a significant sell-off across momentum stocks that had driven market performance earlier this year. Steve Sosnick, Chief Strategist at Interactive Brokers, shared his insights with Yahoo Finance on Friday, stating that investor fear is mounting as many […]
US Economy Faces First-Quarter Slowdown Amid Weak Consumer Spending and Rising Trade Deficit
The U.S. economy is poised for a significant slowdown in the first quarter of 2024, as weaker consumer spending and a sharp increase in the trade deficit weigh on growth. According to the Federal Reserve Bank of Atlanta’s latest GDPNow forecast, gross domestic product (GDP) is now expected to decline at an annualized rate of […]
Global Stock Market Faces Uncertainty Amid Rising Economic Risks
Market Volatility Increases as Global Risks Escalate The U.S. stock market is facing heightened uncertainty as investors navigate economic turbulence, political instability, and trade tensions. While post-election optimism initially fueled market gains, recent developments have cast doubt on the sustainability of the rally. Key Market Developments Tech Sector Weakness: The technology stocks that have driven […]
Best CD Rates Today (March 1, 2025): Top Accounts Offering Up to 4.50% APY
Lock in a Competitive CD Rate Before They Drop Further The Federal Reserve implemented three rate cuts in 2024, making now a crucial time to secure a high-yield certificate of deposit (CD) before rates decline even further. CD rates vary widely depending on the financial institution, so it’s essential to compare options to maximize your […]
Money Market Account Rates Today – March 1, 2025 (Best Rate: 4.51% APY)
Looking for the best money market account rates? Find out how much you could earn with today’s top rates. Money Market Account Rates Overview As the Federal Reserve began reducing the federal funds rate in 2024, deposit rates—including money market account (MMA) rates—have steadily declined. This makes it crucial to compare rates and maximize your […]
S&P Global Ratings Lowers France’s Outlook Amid Fiscal Uncertainty
S&P Global Ratings has placed a negative outlook on France’s creditworthiness, citing persistent concerns over government debt and political instability. This move highlights the ongoing uncertainty surrounding the country’s finances following prolonged political turmoil. Key Factors Behind the Downgrade According to S&P Global Ratings, the revised outlook reflects France’s rising government debt and weak political […]
US Merchandise Trade Deficit Hits Record High in January Amid Tariff Concerns
The U.S. merchandise trade deficit unexpectedly widened in January, reaching an all-time high as imports surged ahead of President Donald Trump’s anticipated tariffs. The January trade data has significant economic and geopolitical implications, especially as the Trump administration leverages tariffs to boost domestic manufacturing, enhance exports, and address what it deems unfair trade practices. According […]
Singapore Charges Three Men in Alleged Nvidia AI Chip Smuggling Case Linked to China’s DeepSeek
Singapore has charged three men with fraud in a high-profile case that domestic media have linked to the alleged movement of Nvidia (NVDA) AI chips from the city-state to Chinese artificial intelligence firm DeepSeek. U.S. Investigates AI Chip Shipments to China The United States is currently investigating whether DeepSeek, a Chinese AI company that made […]
India’s Economy Rebounds, Boosting Growth Prospects Amid Global Uncertainty
India’s economy showed strong recovery last quarter, providing a much-needed boost to Prime Minister Narendra Modi’s ambitious growth agenda, which has faced challenges due to a recent slowdown. According to the Statistics Ministry, India’s GDP grew by 6.2% in the October-December quarter, aligning with economists’ forecasts in a Bloomberg survey. This marks an improvement from […]