Author: Editor-In-Chief
Silver bars are stacked in a safe deposit box at the Pro Aurum Goldhaus in Munich, Germany, on January 10, 2025. Angelica WarmsreuterBEIJING — China plans to tighten external regulations silver The export ban will begin Thursday, expanding restrictions on the once common metal that is vital to U.S. industrial and defense supply chains.tesla CEO Elon Musk criticized the move over the weekend in response to a post on his social media platform X about the upcoming restrictions. “This is bad. Silver is needed in many industrial processes,” Musk wrote.However, this rule is not new. China’s Ministry of Commerce first…
tehran, iran AP — Iran on Wednesday appointed a new central bank governor amid mass protests following a record drop in the currency against the dollar due to the economic crisis. President Massoud Pezeshkian’s cabinet has appointed former Economy Minister Abdulnasser Hemmati as the new governor of the Central Bank of the Islamic Republic of Iran, state news agency IRNA reported. Hemmati replaces Mohammad Reza Farzin, who resigned on Monday, a day after some of the country’s largest protests in three years began, sparked by the fall of Iran’s currency, the rial, to record lows. Experts point out that the…
Enzo Maresca will need to improve his form quickly if he wants to keep his job at Chelsea after one win in seven Premier League games. Two further disappointing and lackluster performances at Stamford Bridge and Aston Villa and against Bournemouth over the holidays added to the pressure on the Italian. Maresca’s fortunes have skyrocketed since Chelsea beat Barcelona 3-0 in November, leaving them three points clear of the top of the table, but a string of self-inflicted injuries, some questionable decisions and heartbreaking defeats by Leeds, Atalanta and Villa have put them under more pressure than ever. He revealed…
Global stock markets posted impressive gains in 2025, but widening performance gaps and rising expectations suggest the new year could separate lasting winners from temporary momentum trades. The MSCI All Country World Index, which measures the performance of more than 2,500 large- and mid-cap stocks from developed and emerging markets, has risen more than 21% since the beginning of the year, hitting a record high of 1,024 on Dec. 26, according to LSEG data. The standout performance in 2025 was Colombia. The Latin American country’s stock market has soared more than 91% since the beginning of the year, emerging as…
The Justice Department has 5.2 million pages of documents related to Jeffrey Epstein in its possession, and the investigation will take several more weeks to complete, multiple news outlets have reported.The New York Times first reported it late Tuesday, citing people familiar with the matter.It will take until at least January 20 to complete the review of the vast number of files, the Times reported. A review process for the remaining records will take place from January 5th to January 23rd, according to a government document reported by Reuters on Wednesday morning.The updated schedule is likely to invite further criticism…
The unemployment rate in November was the highest since 2021, largely due to federal workforce cuts under the Trump administration.Published December 31, 2025December 31, 2025Click here to share on social mediaShare 2shareThe number of U.S. residents applying for unemployment benefits over the past week has fallen to the lowest level in a month, according to new figures from the Labor Department.Wednesday’s weekly figures come at the end of a year marked by a weak labor market, a phenomenon that analysts partly blame on hiring hesitancy caused by President Donald Trump’s tariff policies.Recommended stories list of 3 itemsend of listExperts also…
Concerns about how AI will impact workers continue to grow at a pace that keeps pace with advances and new products that promise automation and efficiency. The evidence suggests the fear is justified. An MIT study in November found that an estimated 11.7% of jobs could already be automated using AI. Research shows that employers are already eliminating entry-level jobs because of technology. Companies are already citing AI as a reason to cut staff. As companies implement AI more meaningfully, some may take a closer look at how many employees they actually need. In a recent TechCrunch survey, multiple corporate…
Mark Zandi, chief economist at Moody’s Analytics, said a weak labor market, uncertainty over inflation and political pressure will lead the Federal Reserve to cut rates aggressively in early 2026.Although markets and Fed officials themselves expect only modest easing over the next year, Zandi expects the central bank to cut rates by a quarter of a percentage point three times by mid-year.”The decision to further ease monetary policy will be driven by the continued weakness in the jobs market, particularly in the first half of 2026,” the economist said in his recently published outlook for the year ahead. “It will…
Traders work on the floor of the New York Stock Exchange (NYSE) on December 30, 2025 in New York City. Spencer Pratt | Getty ImagesUS 10 year treasury Yields rose slightly on Wednesday, but were expected to decline in 2025 due to Federal Reserve interest rate cuts and persistent but declining inflation.The 10-year Treasury yield rose less than 1 basis point to 4.136%. The two-year bond yield also last rose by less than 1 basis point to 3.459%. Yields and prices move in opposite directions. 1 basis point equals 0.01%. Yields reversed and rose after 199,000 new jobless claims were…
U.S. residents will experience significant changes to the country’s tax laws, health care system, and government benefits beginning in 2026.That’s because certain provisions of President Donald Trump’s flagship tax and spending policies are scheduled to go into effect on Thursday.Recommended stories list of 3 itemsend of listThe bill, known as the One Big Beautiful Bill Act (OBBBA), was signed into law in July amid bipartisan opposition.Fiscal conservatives fear it will further increase the nation’s budget deficit, while critics on the left have warned that the changes the policy heralds will leave millions of Americans without health insurance or food assistance.Notably,…