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Is Canada's TSX Set for a Positive 2024? Expert Opinions
In 2023, Canada's stock market faced some challenges, lagging behind its U.S. counterpart due to its cyclical nature and the struggles of its core sectors: financials, oil and gas, and materials. However, as we look ahead to 2024, experts are forecasting a …
Canada's Economic Roadmap: Tiff Macklem's Take on 2024
Bank of Canada Governor Tiff Macklem recently provided a glimpse into what lies ahead for the Canadian economy in the first part of 2024. His interview with BNN Bloomberg reveals a landscape characterized as a "year of transition," marked by significant …
Ebbing Interest Rate Euphoria Among US Investors
The interest rate euphoria of US investors, which flared up after the recent decision by the US Federal Reserve (Fed), now seems to be subsiding somewhat. Analysts warn that the markets have largely already priced in the interest rate cuts announced by Fed …
US Federal Reserve Keeps Benchmark Interest Rate Unchanged
The US Federal Reserve (Fed) has decided to keep the benchmark interest rate unchanged in its recent meeting. This marks the third consecutive time that the interest rate has remained in the range of 5.25 to 5.5 percent. This decision was expected as the Fed …
Morphosys' Pelabresib: New shine after setback
The German biotech company Morphosys recently published promising results from a phase 3 study involving its hopeful pelabresib. This cancer drug plays a crucial role for the company and its future prospects. The study examined the effect of a combination of …
US Inflation on the Decline
The inflation rate in the United States continues to show signs of decline as falling energy prices dampened inflation to 3.1 percent in November. This is according to a report from the US Department of Labor presenting the latest consumer price data. Compared …
Donald Trump Refuses to Testify in Fraud Trial
Former US President Donald Trump Announces Surprising Turn in Ongoing Fraud Trial Despite earlier expectations of testifying, Trump's decision via "Truth Social" raises questions about his strategy.
Financial investors offer 5.8 billion dollars for Macy's takeover
According to media reports, the traditional US department store group Macy's is facing a possible takeover by financial investors. Investors have submitted a $5.8 billion offer to delist the company. They offer a significant premium over the current share …
The transformation of Bitcoin: From scandal to respectability
Bitcoin has undergone a miraculous transformation in recent years. Since its inception, the cryptocurrency has been controversial and plagued by scandals. Some saw them as “rat poison” or a means of deception. Nevertheless, there are signs that Bitcoin is …
Axel Weber warns of further interest rate increases in the euro area
Axel Weber, the former head of UBS, said in an interview with the Handelsblatt that further interest rate increases in the euro area were possible. He emphasized that in his opinion the interest rate peak has not yet been reached and that interest rates will …