The Eurozone economic growth is projected to pick up next year with acceleration of domestic demand despite risks to global trade from protectionist measures. In the Autumn Forecast, the European Commission retained the economic growth outlook for 2024 at 0.8 percent. The currency bloc continued to grow at a subdued pace through the second and...
Partly reflecting a jump in sales by motor vehicle and parts dealers, the Commerce Department released a report on Friday showing retail sales in the U.S. increased by slightly more than expected in the month of October. The Commerce Department said retail sales rose by 0.4 percent in October after growing by an upwardly revised...
The Labor Department released a report on Friday showing an unexpected increase by import prices in the U.S. in the month of October. The report said import prices rose by 0.3 percent in October after falling by 0.4 percent in September. Economists had expected import prices to edge down by 0.1 percent. Meanwhile, the Labor...
The services sector in New Zealand continued to contract in October, albeit at a slower pace, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 46.0. That was up from 45.7 in September, although it remains well beneath the boom-or-bust line of 50 that separates expansion from contraction....
The South Korea stock market headed south again on Friday, one day after ending the four-day losing streak in which it had plunged almost 250 points or 5.8 percent. The KOSPI now sits just beneath the 2,420-point plateau and the losses may accelerate on Monday. The global forecast for the Asian markets is soft on...
The Malaysia stock market has moved lower in consecutive trading days, slumping almost 20 points or 1.2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,590-point plateau and its expected to open under pressure again on Monday. The global forecast for the Asian markets is soft on concerns over...
Trump’s election victory and ETF optimism have propelled top altcoins like XRP, HBAR, and SOL to impressive quarterly gains and market caps.Analysts predict Bitcoin and Ethereum ETFs will lead, paving the way for regulated altcoin ETFs like Hedera, spurring adoption in 2024. As the crypto market heats up in the final stretch of 2024, the...
AI Agents are becoming a mega crypto trend, with an expected explosion in 2025.These new crypto players can learn from past trends to make informed decisions in trading, gaming, and other areas. The interplay between Artificial Intelligence (AI) and the crypto ecosystem emerged as a key trend in 2024. While the trend initially focused on...
The Pectra upgrade, launching in Q1 2025, introduces enhanced staking limits, faster validator onboarding, and Layer-2 rollup improvements, fueling Ethereum’s evolution.Fusaka, Ethereum’s next milestone, promises scalability via EIP-7549 and comprehensive updates, solidifying its position in the competitive DeFi ecosystem. Ethereum is gearing up for a transformative year, with the Pectra upgrade set to roll out...
Israel approves six Bitcoin mutual funds, offering regulated access through top financial firms like Migdal and Phoenix Investment.Bitcoin mutual funds in Israel track indices such as BlackRock’s iShares and S&P Bitcoin Index for seamless market exposure. Israel is set to make a substantial entry into the crypto industry on December 31, 2024, with the debut...