This week’s midterms showed that the political bill for the AI boom is falling due. The Democratic sweep intensified fears over runaway spending, mounting debt and resistance to datacentres, sending tech shares tumbling…
Silver (XAG/USD) price consolidates near $52.00, up a minimal 0.19% on Friday as the Greenback rallies sharply, posting strong US data. Back-to-back ‘doji’ candles indicate that neither buyers nor sellers are in control.
MUFG reports Indonesia’s Q3 GDP growth beat expectations at 5.47% year-on-year, helped by stronger exports and solid domestic demand. Private consumption and investment remained robust, reducing the urgency for Bank Ind…
The US dollar held firm against major currencies on Friday, November 6, 2026, as investors reached for safety after a global selloff in AI stocks. Reuters reporting carried by Global Banking & Finance described the gree…
Commerzbank strategists note that Taiwan’s October CPI eased to 2.33% year-on-year, below expectations but still above the Central Bank of the Republic of China’s (CBC) 2% alert threshold. Meanwhile, PPI surged 19.7%, r…
MUFG notes Taiwan’s headline inflation eased to 2.33% year-on-year in October, with core at 2.23%, both above the 2% alert level. The CBC is expected to keep its policy rate at 2.00% in December, though persistent Taiwa…
San Francisco Federal Reserve (Fed) President Mary Daly said in an interview with CNBC on Friday that the job report was good news, that the economy is solid, and that it "gives latitude to get inflation job done.”
The Bureau of Labor Statistics released its October Employment Situation report on Friday, November 6. Employers added 165,000 jobs, and the unemployment rate slipped to 4.1% from 4.2% in September.
Canada's unemployment rate climbed to a six-month high in October while the economy shed a few thousand jobs, according to Reuters. The report, citing Statistics Canada data released on Friday, showed the jobless rate r…
McKesson Corporation (NYSE: MCK) is a diversified healthcare services company operating in the wholesale trade sector, with a core focus on drugs and druggists' sundries merchant wholesaling. According to company disclo…
CG Oncology reported third quarter 2026 results with revenue of US$1.6 million and a net loss of US$56.89 million, alongside higher basic and diluted loss per share from continuing operations compared with the prior yea…
“Milk is leaving the farm at a loss,” says dairy farmer Ian Harvey, as he warns confidence in the sector is “at rock bottom”.
Is the artificial intelligence (AI) gold rush coming to an end, or is this simply a reality check?
For months, the threat of artificial intelligence (AI) replacing human workers has hovered over the American economy like a distant storm. But this week, the storm made landfall, as viral doomsday essays seemed to becom…
United Overseas Bank (UOB) strategists Quek Ser Leang and Lee Sue Ann see slightly stronger downward momentum in USD/CNH after the pair eased from recent highs. For the next 24 hours, they expect the Dollar to edge lowe…
Gold price retreats after peaking at $4,106, drifting lower nearly 1% on Friday as the US employment report crushed forecasts and increased the chances that the Federal Reserve (Fed) could increase rates at the December…
Shares in artificial intelligence and technology firms have started to climb following an enormous sell-off on Thursday that wiped trillions of dollars off stock values.
The naming of smoky bacon-flavoured crisps has become the latest political headache to emerge from the government's bid for closer ties with the EU.
Tech stocks in the U.S. steadied Friday after suffering one of their worst routs in years, as investors weighed the prospect of an AI investment slowdown against future gains following broad Democratic victories in the …
USD/JPY rebounds on Friday, snapping a two-day losing streak as stronger-than-expected US jobs data lifts the US Dollar (USD) and brings its yield advantage over the Japanese Yen (JPY) back into focus. At the time of wr…
ING economists David Havrlant and Frantisek Taborsky review the Czech National Bank’s 25bp hike to 4%, decided on a narrow 4–3 vote. They highlight stronger inflation and softer growth in the CNB forecast, with 4% seen …
US employers hired far more workers than expected in October and the unemployment rate slipped, a combination that pushed traders to price in a greater chance the Federal Reserve raises interest rates again in December.
The Pound Sterling (GBP) dives nearly 0.60% against the US Dollar (USD) as a stellar US Nonfarm Payrolls report shows a solid labor market and clears the path for further tightening by the Federal Reserve (Fed). At the …
Standard Chartered’s Aldian Taloputra reports Indonesia’s Q3 GDP grew 5.5% year-on-year, up from 5.2% in Q2, driven by household consumption, investment and exports. Energy subsidies and social spending helped sustain c…