The U.S. Federal Reserve’s bumper 50-basis-point interest rate cut has been the talk of the market as investors evaluate sectors and stocks. Kingsley Jones, a chief investment officer at the Sydney-headquartered Jevons Global, says the rate cut has “supported the market.” “At this point, there was some concern if the Fed went with a jumbo … Read more
Israel’s continuing air strikes may have already forced as many as one million people from their homes across Lebanon, the country’s prime minister has said. “It is the largest displacement movement that may have happened,” Najib Mikati said. Lebanon’s health ministry reported more than 50 people killed in Sunday’s strikes – two days after Israel … Read more
China’s surging stock market after the government outlined plans to boost the economy has suddenly tipped hedge funds and strategists to what would have recently been seen as one of the most contrarian trades around. The CSI 300, an index of stocks traded in Shanghai and Shenzhen, rallied more than 15% last week, its best … Read more
Cranes stand over shipping containers at Port Newark on March 26, 2024. Spencer Platt | Getty Images A port strike on the U.S. East Coast and Gulf of Mexico will go ahead starting on Tuesday, the International Longshoremen’s Association union said on Sunday, signaling action that could cause delays and snarl supply chains. “United States … Read more
Goktay Koraltan / BBC As her daughter Noor is now fighting for her life, Abdallah accuses Israel of terrorising civilians In the hills of the Bekaa Valley – as in swathes of Lebanon – death can come from the sky these days, at any moment. Israel has been bombing the area through the day, with … Read more
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Mark Cuban and Elon Musk. Getty Images Billionaire investor Mark Cuban cautioned Tesla CEO Elon Musk on Sunday against forming an alliance with former President Donald Trump, because, he said, the Republican presidential nominee may not ultimately repay his political debts. “Elon, there will come a time when you need something from Donald Trump,” Cuban … Read more
The Israeli Air Force (IAF) is conducting strikes against Iran-backed Houthi targets in Yemen on Sunday, the Israel Defense Forces (IDF) confirmed. The IDF said in a statement that its air force struck Houthi targets in Yemen approximately 1,800 kilometers from Israel. The Israeli military described “an extensive, intelligence-based aerial operation” involving dozens of IAF … Read more
When you think New Zealand, you might think All Blacks. And if you think All Blacks, you think haka. Thousands gathered in Eden Park in Auckland to break the record of the largest haka performance. France held the previous record since 2014. The haka is a ceremonial dance performed in a group, combining chanting, stomping … Read more
People walk past election campaign billboards showing Austrian Chancellor Karl Nehammer of the Austrian People’s Party (OeVP) and Herbet Kickl of the far-right Austria Freedom Party (FPOe) on September 24, 2024 in Vienna, Austria. Austria is scheduled to hold parliamentary elections on September 29. Thomas Kronsteiner | Getty Images News | Getty Images A far-right party … Read more