Financial News

Apple halts its EV project, pivoting thousands of employees to AI development. This strategic move aligns with a rising focus on high-growth tech sectors.

Inflation trends and forecasts pressure the Aussie and Kiwi dollars. However, the Asian equity markets saw red in a pre-US inflation jittery session.

Consumers’ views of business conditions and the employment situation became less favorable.

January’s steep drop in durable goods orders may prompt Federal Reserve to adjust monetary policy, highlighting economic challenges.

US Supreme Court debates state laws affecting major platforms, sparking content moderation debate with implications for internet regulation.

ASX 200 dragged by mining stocks, while the Hang Seng Index slips as concerns over Chinese economy mount; fiscal stimulus hopes fade.

While the headline number missed analyst expectations, most business indicators highlighted improvements in the manufacturing sector. 

Amid rising trade tensions, TSMC strategically expands to Japan, diversifying operations and mitigating risks, including those from China.

Central banks will be on high alert in the week ending March 1, with inflation figures for February likely to influence plans to cut interest rates.

BTC-spot ETF market net inflows retreated this week, leaving BTC in negative territory, with the ECB criticizing the SEC approval of BTC-spot ETFs.

The ECB remains under pressure after the German economy contracted in Q4, with investors betting on an April ECB interest rate cut.

USD/JPY dipped on speculation about the timeline for a BoJ pivot from negative rates. Concerns about the Chinese economy impacted the Hang Seng.

Manufacturing PMI signaled the biggest upturn in the sector since September 2022.

HCOB PMI data underscores Germany’s ongoing economic difficulties, with a bleak outlook.

The Bank of Japan recently pinned hopes on the Service sector driving wage growth and demand-driven inflation. Back to the drawing board?

NVIDIA astonishes with $5.15/share earnings, a soaring $22.10B revenue, and $12.29B net income, dominating the AI market.

The central bank is worried that premature rate cuts would lead to a second inflation wave.

The ASX 200 and Hang Seng Index had mixed fortunes early in the Wednesday session. Property and tech stocks contributed to early gains for the HSI.

Service PMIs are in focus for the EUR, GBP, and USD, with the ECB, the Fed, and the PBoC also under the spotlight in the week ahead.

BTC returned to the $52,000 handle for the first time since 2021, while Senator Elizabeth Warren and SEC Chair Gary Gensler were under the spotlight.