{
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Pi Network issues warnings as user verification nears completion before launch
Pi Network has issued critical warnings urging users to rely solely on official channels and to use the authentic Pi Wallet within the Pi Browser to avoid scams. With 14 million users verified and a target of 15 million by December 31, the project faces skepticism over its delayed mainnet launch and ongoing controversies. The team plans to unveil the mainnet roadmap in December, aiming to clarify the timeline for buying and selling Pi tokens.
CryptoPotato
Coinbase Global, Inc. MYS IND SGP KOR CHN VNM JPN Show more
Crypto, News Article
10:47 16.12.2024
China's retail sales decline amid shifting consumer demand and political tensions
China's November retail sales fell short of expectations, influenced by the timing of the singles shopping festival, leading consumers to shift spending towards government-supported areas. This trend mirrors Japan's 1990s spending voucher initiatives, highlighting the need for fiscal policy to address consumer concerns.In South Korea, President Yoon's impeachment moves to the Supreme Court, with a trial set for December 27, potentially reducing the risk of significant labor strikes. Meanwhile, assorted business sentiment polls are anticipated, though skepticism about their accuracy is advised due to the current climate of sensationalism and political polarization.
China’s November retail sales disappointed. Some of this can be blamed on the timing of the singles shopping festival. The pattern of sales showed consumers spending in areas with government support, but in doing so cut back on areas without government support. This demand switching in an overall subdued demand environment has parallels to Japan’s “spending voucher” initiatives in the 1990s. The data keeps up pressure for fiscal policy to tackle consumers’ apprehensions about the future.
End Federal Reserve USD KOR CHN JPN Paul Donovan Im Yoon-ah Show more
Finance & Economy, Market Report
09:43 16.12.2024
China's Retail Sales Decline Amid Government Support and Economic Concerns
China's November retail sales fell short of expectations, influenced by the timing of the singles shopping festival, leading consumers to shift spending towards government-supported areas. This trend mirrors Japan's 1990s spending voucher initiatives, highlighting the need for fiscal policy to address consumer concerns.In South Korea, President Yoon's impeachment moves to the Supreme Court, with a trial set for December 27, potentially reducing the risk of significant labor strikes. Meanwhile, assorted business sentiment polls are anticipated, though skepticism about their accuracy is advised due to the current climate of sensationalism and political polarization.
China’s November retail sales disappointed. Some of this can be blamed on the timing of the singles shopping festival. The pattern of sales showed consumers spending in areas with government support, but in doing so cut back on areas without government support. This demand switching in an overall subdued demand environment has parallels to Japan’s “spending voucher” initiatives in the 1990s. The data keeps up pressure for fiscal policy to tackle consumers’ apprehensions about the future.
End Federal Reserve USD KOR CHN JPN Im Yoon-ah Paul Donovan Show more
Finance & Economy, Market Report
09:43 16.12.2024
Asian shares decline as China reports weak economic data and bitcoin rises
Asian shares declined following disappointing economic data from China, impacting market sentiment. Meanwhile, bitcoin reached new highs, showcasing a contrasting trend in the cryptocurrency market. Investors are closely monitoring these developments as they navigate the current financial landscape.
News-Press NOW
Nikkei 225 JPN
Finance & Economy, Market Report
07:15 16.12.2024
Asian shares decline as China reports weak economic data and bitcoin rises
Asian shares fell on Monday following disappointing economic data from China, with retail sales slowing and factory output growth flat. Meanwhile, bitcoin surged to new highs, surpassing $106,000, driven by optimism over a lighter regulatory approach under U.S. President-elect Donald Trump. In the stock market, Japan's Nikkei 225 dipped 0.1%, while Hong Kong's Hang Seng lost 0.8%. The S&P 500 ended nearly flat, marking its first weekly loss after three consecutive gains, despite a significant rise in Broadcom's shares following strong earnings.
Yahoo Finance
Broadcom Inc. IND HKG USA TWN THA KOR CHN JPN Donald Trump Yoon Suk Yeol Paul Atkins Show more
Finance & Economy, Market Report
07:15 16.12.2024
asian shares decline as china's economic data disappoints bitcoin reaches new highs
Asian shares fell as China reported disappointing economic data for November, while bitcoin surged to new highs, exceeding $106,000. Japan's Nikkei 225 and Hong Kong's Hang Seng both declined, reflecting broader market unease ahead of the U.S. Federal Reserve's upcoming meeting, where further interest rate cuts are anticipated. Oil prices also dropped, with U.S. crude at $70.82 per barrel.
ABC News
United States Dollar Japanese Yen Euro NVIDIA Corporation RH Airbnb, Inc. Google Inc. Broadcom Inc. Meta Platforms, Inc. Charles Schwab Corp IND HKG USA TWN THA KOR CHN JPN Donald Trump Yoon Suk Yeol Paul Atkins Show more
Finance & Economy, Market Report
07:15 16.12.2024
asia stocks decline as investors await fed rate decision and china data
Most Asian stocks declined ahead of the U.S. Federal Reserve's interest rate decision, with Chinese shares falling due to disappointing retail sales data, raising concerns about the economy's recovery. Japan's market remained stable as the Bank of Japan is expected to maintain current rates, while South Korea's index showed little change following the president's impeachment. Overall, investor sentiment was cautious globally as markets awaited clarity from the Fed amidst persistent inflation concerns.
investing.com
Chinese Yuan Australian Dollar United States Dollar Japanese Yen South Korean Won Bank of Japan MYS IND IDN HKG AUS KOR CHN JPN Yoon Suk Yeol Show more
Finance & Economy, Market Report
04:20 16.12.2024
asian markets cautious as china data disappoints and fed rate cuts loom
Asian stock markets are cautious as rising bond yields challenge equity valuations, particularly in the tech sector. Disappointing retail sales data from China, which rose only 3.0% in November, underscores the need for aggressive stimulus. The Federal Reserve is expected to cut rates by 25 basis points this week, with future easing plans closely watched amid a backdrop of fluctuating currencies and geopolitical uncertainties.
reuters.com
United States Dollar Japanese Yen Chinese Yuan Euro Moody's Corporation GBR IRN USA SWE FRA NOR RUS KOR CHN JPN Donald Trump Yoon Suk Yeol François Bayrou Show more
Finance & Economy, Market Report
03:48 16.12.2024
shutterstock and ai stocks poised for growth in 2025
Shutterstock, with a stock price of $31.90 and a PE ratio of 31, has recently acquired Envato, enhancing its offerings. The company is experiencing growth, particularly in its data business, which has surged 40% year-to-date, benefiting from AI licensing deals worth $238 million. As AI adoption accelerates, companies like Nvidia and Taiwan Semiconductor are positioned for significant growth, with Nvidia's stock reflecting a high PE ratio of 52 and an impressive EPS growth outlook of 48.9%.
Forbes
NVIDIA Corporation Taiwan Semiconductor Co., Ltd. Teradyne, Inc. Synopsys, Inc. ASML Holding N.V. NLD CHN JPN TWN USA Steven Wu Joe Biden Show more
Technology & Innovation, Market Report
01:00 16.12.2024
european stock futures decline amid china retail sales disappointment and political uncertainty
European stock futures are poised to open lower following a decline in Chinese equities, driven by disappointing retail sales data that fell short of expectations. Concerns are heightened by Moody’s credit downgrade of France and a looming vote of confidence for German Chancellor Olaf Scholz, which could lead to snap elections amid economic challenges.In Asia, stocks also fell, with China's retail sales increasing by only 3% year-on-year, below the anticipated 5%. This has raised doubts about the effectiveness of stimulus measures, while Korean stocks faced volatility following the impeachment of President Yoon Suk Yeol.
Yahoo Finance
United States Dollar South Korean Won Chinese Yuan Euro Brown Brothers Harriman & Co. Moody's Corporation DEU KOR CHN JPN USA Yoon Suk Yeol Olaf Scholz Show more
Finance & Economy, Market Report
23:44 15.12.2024
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