The U.S. economy seems to be experiencing a slight cool-down, and Federal Reserve officials are expecting inflation to follow suit. The upcoming October PCE inflation report, set to be released on Thursday morning, will serve as a significant indicator. According to economists surveyed by The Wall Street Journal, the core rate of PCE inflation is predicted to see a modest 0.2% … [Read more...] about U.S. Economy Faces Cooling Inflation as PCE Report Looms
Forex News
U.S. Carmakers Anticipate Robust November Sales
Analysts predict a strong surge in U.S. car sales for the month of November, despite a slight decrease in transaction prices. According to Deutsche Bank, the seasonally adjusted annual rate is estimated to reach around 15.5 million vehicles, solidly surpassing last year's figure of 14.4 million. This reflects an impressive 8% increase in year-on-year sales, driven by a 7% rise … [Read more...] about U.S. Carmakers Anticipate Robust November Sales
NASCAR Announces Seven-Year Media-Rights Deal
Introduction NASCAR announced a significant seven-year media-rights deal with Fox Sports, NBC Sports, Amazon's Prime Video, and Warner Bros. Discovery's TNT Sports, starting in 2025. Notably, this deal will include the exclusive livestreaming of top-tier races for the first time. While the financial terms were not disclosed, Sports Business Journal reported the deal to be worth … [Read more...] about NASCAR Announces Seven-Year Media-Rights Deal
OpenAI Co-founder Sam Altman Returns as CEO
After a whirlwind of events, Sam Altman is back as the chief executive of OpenAI. The artificial intelligence startup made the announcement just before Thanksgiving, revealing Altman's reinstatement following a chaotic period that saw his initial ousting and a subsequent return amid internal unrest. In a recent blog post, Altman expressed his enthusiasm for the future and … [Read more...] about OpenAI Co-founder Sam Altman Returns as CEO
Shares of Cahya Mata Sarawak Fall Due to Decline in Net Profit
Shares of Cahya Mata Sarawak, a Malaysia-listed construction and maintenance services provider, experienced a significant drop following the company's announcement of a sharp decline in its third-quarter net profit. The stock fell by as much as 7.2% and was currently 6.3% lower at 1.04 ringgit, marking its second-largest daily loss in two years. According to the company, its … [Read more...] about Shares of Cahya Mata Sarawak Fall Due to Decline in Net Profit
