At the close of 2023, financial markets showcased notable movements, particularly among major technology stocks, as Wall Street’s indexes recorded gains amid a subdued trading environment. The holiday season typically influences market activity—trading volumes tend to decrease as many investors take time off, which exacerbates the impact of megacap stocks on overall benchmarks. This phenomenon
Economy
On Monday, Asian stock markets experienced a notable upswing, driven primarily by an encouraging U.S. inflation report that has reignited optimism for potential monetary easing in the upcoming year. Investors welcomed the news that Washington successfully averted a government shutdown, adding to the buoyancy in the financial atmosphere. This recent development is particularly significant given
As speculation swirls around the possibility of a second term for former President Donald Trump, analysts are scrutinizing the potential implications for U.S. fiscal policy. A recent report by UBS strategists highlights a crucial finding: the fiscal deficit is unlikely to improve significantly despite Trump’s campaign pledges towards tax cuts and expansive spending initiatives. The
In a decisive response to a tragic event, Albania has announced a year-long prohibition on the popular video-sharing app TikTok. This move, articulated by Prime Minister Edi Rama, arises in the wake of heightened concerns surrounding the safety of children amidst violent incidents linked to social media interactions. Rama’s announcement followed meetings with educators and