ECONOMY & MARKETS

European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent."

According to the Consumer Price Index (CPI), a broad measure of the average change over time in the price of a market basket of consumer goods and services, inflation headed in the wrong direction again in March, up rather than down.

Beijing has set a target of around five percent growth for the year, a goal officials last month admitted would "not be easy" and which analysts said was ambitious given the headwinds the country is confronting.

Until now, existing data has combined the mosaic experiences of the AAPI communities into a single data point, disregarding the cultural and historical diversity among Asian Americans.

Retail sales in the United States grew more than anticipated last month, government data showed on Monday, defying predictions of weaker consumer demand.

The digital currency hovered around $70,000 most of the week. But it had a tumultuous weekend, falling below $62,000 Saturday before heading back toward $65,000 Sunday morning.

China's economy is expected to have slowed in the first three months of the year as it continues to be buffeted by a debilitating property sector crisis and flagging consumer activity.

U.S. stocks nose-dived during early trading Friday as major banks kicked off a disappointing start to their earnings season.

Several major U.S. airlines and certain unions have called on the Biden administration to halt approval for additional flights connecting the United States and China, citing what they term "anti-competitive" measures imposed by China against U.S. carriers.

Blue Owl Capital's acquisition of Prima Capital Advisors for $170 million marks its entry into real estate finance.

March's Producer Price Index (PPI) climbs by 0.2%, falling short of estimates, signaling potential relief from inflationary pressures.

Jack Ma breaks years of silence to endorse Alibaba's comprehensive restructuring, praising the company's leadership.

The latest CPI report for March unveils a sharp uptick in inflation to 3.5%, posing a significant test to the resilience of the economy.

Stretched valuations and diminished expectations of interest rate cuts make U.S equities vulnerable to sell-offs, David Bahnsen, chief investment officer of The Bahnsen Group, said.

Costco's venture into gold sales has become a roaring success, with analysts estimating monthly revenues soaring to $200 million.

HSBC announced its agreement to sell its business in Argentina for $550 million, with a $1 billion pre-tax loss in the first quarter of 2024.

Trump Media witnesses a significant drop in share prices, shedding over 10% following doubts about revenue generation and sustainability.

Inflation could remain elevated for longer than expected, posing a risk to the US economy's near-term health, JPMorgan Chase Chief Executive Jamie Dimon said Monday.

Jamie Dimon, CEO of JPMorgan Chase, highlights AI's transformative potential in his annual letter to shareholders.

Yellen has repeatedly warned about the risks of China's excess industrial capacity during four days of meetings with officials and business leaders in the southern city of Guangzhou and capital Beijing.

One catalyst behind Wall Street's heighten volatility during the week was higher oil prices, growing Middle East tensions, and more robust economic data from China early in the week.

The Frankfurt-based institution has left its key rates unchanged since October 2023, following an unprecedented streak of hikes to tame red-hot inflation.

Alphabet's potential acquisition of HubSpot prompts market speculation on antitrust concerns and strategic implications.

Amazon's surge in free cash flow prompts speculation on potential shifts in its capital-return strategy, as analysts anticipate enhanced shareholder rewards.

Michael and Gerald Shvartsman admit to insider trading, casting shadows over Trump Media's public listing and sparking legal turmoil.

Insights from a comprehensive survey spanning nine countries reveal widespread financial stress and retirement challenges globally.

A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest rates over the longer term due to the enduring strength of the US economy.

Vanguard and State Street's stance in the Disney-Peltz battle is unknown, as Peltz aims to address governance issues while Disney fears disruption.

Tesla's disappointing first-quarter sales figures lead to a 7% drop in shares, marking its first year-over-year decline since the pandemic began.