Turkish lira and stocks tumble amid global tech woes and political uncertainty

Global markets faced turbulence on Wednesday, with Turkish assets experiencing significant declines amid a backdrop of international economic concerns.  The Turkish lira dropped to 32.82 against the US dollar, while the BIST 100 index, Turkey’s primary stock benchmark, fell by 0.74%.  These movements reflect growing instability in emerging markets, exacerbated by ongoing domestic political developments… Continue reading Turkish lira and stocks tumble amid global tech woes and political uncertainty

US emissions reductions off track for 2030 targets under Paris accord

Despite substantial progress in reducing greenhouse gas emissions, the United States remains off track to meet its 2030 targets set under the Paris Agreement. The Biden administration’s extensive green subsidies and new climate regulations have significantly lowered emissions, yet they fall short of the ambitious goal to cut emissions by at least 50 percent from… Continue reading US emissions reductions off track for 2030 targets under Paris accord

One-third of UK adults now use mobile contactless payments

A significant shift in the way UK consumers handle their financial transactions has been observed, as one in three Britons made contactless payments via phone each month last year. This change comes amid a continued decline in cash usage, signaling a transformation in consumer spending behaviour. Rise of digital wallets and decline of cash The… Continue reading One-third of UK adults now use mobile contactless payments

Apple COO engages with Chinese officials amid US-China tensions and geopolitical strains ahead of iPhone 16 launch

As Apple prepares to unveil the highly anticipated iPhone 16 this September, it faces a complex geopolitical landscape that could impact its business strategy.  With China remaining a critical player in the global supply chain and a major market for Apple, the company is maneuvering through a challenging environment marked by escalating US-China tensions and… Continue reading Apple COO engages with Chinese officials amid US-China tensions and geopolitical strains ahead of iPhone 16 launch

Gulf stock markets surge: Dubai leads with earnings boost as Fed rate cut speculation mounts

Gulf stock markets displayed a mixed yet optimistic picture on Tuesday, buoyed by solid corporate earnings and growing expectations of U.S. Federal Reserve rate cuts.  The complex market dynamics reflect a blend of local economic factors, global monetary policies, and geopolitical developments impacting the region. Dubai’s market shines with positive corporate earnings Dubai’s primary index… Continue reading Gulf stock markets surge: Dubai leads with earnings boost as Fed rate cut speculation mounts

Best energy ETF for a Trump presidency: Will XLE shine amidst pro-oil policies?

With Donald Trump signaling a return to aggressive oil policies, investors are eyeing the best energy ETF to capitalize on potential gains.  Trump’s track record as a staunch supporter of the oil and gas sector is well-known, and his recent comments, including a vow to “Drill, Baby, Drill” if re-elected, have reaffirmed his commitment to… Continue reading Best energy ETF for a Trump presidency: Will XLE shine amidst pro-oil policies?

General Motors delays electric vehicle expansion amid strategic adjustments

General Motors (GM) has announced a significant delay in its electric vehicle (EV) expansion plans, impacting the automaker’s ambitious production targets.  On Tuesday, GM revealed it would push back the opening of its second U.S. electric truck plant in Michigan by six months.  Originally set to begin operations in 2025, the plant will now be… Continue reading General Motors delays electric vehicle expansion amid strategic adjustments

Texas Instruments faces investor scrutiny amid high capex spending: What to expect in Q2 earnings

Texas Instruments (NASDAQ: TXN) is set to report its Q2 earnings after the market close today. Analysts are anticipating declines in both revenue and profit as the company continues its aggressive investment strategy, which has recently sparked dissatisfaction among shareholders. Positive note with Rosenblatt upgrade The semiconductor giant started the week on a positive note… Continue reading Texas Instruments faces investor scrutiny amid high capex spending: What to expect in Q2 earnings

Fed rate cuts in September could boost General Motors’ profitability, CFO predicts

General Motors Co (NYSE: GM) is poised to gain from the Federal Reserve’s anticipated rate cuts beginning in September, according to Paul Jacobson, the company’s Chief Financial Officer.  In an interview with CNBC, Jacobson highlighted that lower interest rates will reduce monthly car payments, providing a significant boost to the automaker’s performance. Strong Q2 performance… Continue reading Fed rate cuts in September could boost General Motors’ profitability, CFO predicts