Despite the positive survey from over 60 global chief economists, investors and industry experts are reconsidering when the cuts will come largely because the major global economies have failed to get inflation consistently under its 2% target. Last week, markets predicted a 75% chance of US rate cuts in March of this year. This week,…
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In going public, this social media platform will join listed competitors such as Meta Platforms Inc (META), Pinterest Inc (PINS), Spotify Technology SA (SPOT), and Snap Inc (SNAP). Reddit has reportedly considered launching its IPO for the past three years. Should this listing be realised, it would be the first since 2019, when Pinterest stepped…
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These developments follow hot on the heels of research predicting that the growth in the electric vehicle (EV) industry will fall to roughly 27% in 2024. At the start of this year, Canalys, a global technology market analyst firm, stated that a reduction in government subsidies would spill over to consumer interest in EVs. In…
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Without this feature, the models are due to go on sale on Thursday morning at 14:00 GMT. The technology giant announced on Wednesday after the US Court of Appeals for the Federal Circuit ruled in favour of medical technology company Masimo. According to a Reuters report, the US International Trade Commission (ITC) backed Masimo’s claim…
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This material is used in the batteries of these automobiles. OneD is among the startups that develop silicon anode materials. Others in this arena include GDI, Nexeon, and Sila Nanotechnologies. Reportedly, the silicon anode works better than the pure graphite EV batteries. Data shows that China processes more than 90% of the global graphite supply…
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According to a Reuters report, spot gold was down by 1.3%, reaching $2,027.26 per ounce, following three consecutive sessions of gains at 2:36 p.m. E.T. (19:36 GMT). U.S. gold futures also settled more than 1% lower at $2,030.2. A senior analyst at Kitco Metals, Jim Wyckoff, commented: Strong gains in the U.S. dollar index are…
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There was no significant activity among major central banks last week, but expectations of a single cut by the Federal Reserve (‘the Fed’) at the end of this quarter remain high. According to CME FedWatch Tool, around 55% of participants expect five cuts to the funds rate between 20 March and 18 September, which would…
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FairXchange focuses on ensuring FX trading remains commercially viable for all parties, both on the buy-side and sell-side. The partnership underscores both entities' commitment to leveraging data-driven insights in their engagement with Liquidity Providers (LPs) and improving liquidity to Saxo Bank's and its clients' advantage. Guy Hopkins, CEO and Founder of FairXchange welcomed Saxo Bank…
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The web-based solution seamlessly integrates with popular trading platforms like MetaTrader 4 and 5, offering comprehensive dashboards for tracking trader performance from registration to managing funded accounts. Andrey Kamyshanov, Co-Founder and Managing Partner of Brokeree Solutions expressed confidence in Prop Pulse's ability to empower brokers in the proprietary trading sector, citing its comprehensive features that…
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The survey, conducted at the beginning of each year before the World Economic Forum's (WEF) annual meeting in the Swiss resort of Davos, collects data from over 60 chief global economists in both public and private sectors and aims to educate policymakers on worldwide economics. Many of the surveyed experts noted that the disruptive impact…
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