Editor’s Choice
US monthly retail sales rose by 0.4% in September
The U.S. Census Bureau reported a 0.4% increase in retail sales in September. According to the preliminary report, total monthly retail sales were $714.4 billion.
The increase beat what…
US makes canceling subscriptions eaiser for consumers with “click to cancel rule”
In what many consider a huge win for consumers, the US Federal Trade Commission (FTC) has made canceling subscriptions easier.
The new “click to cancel rule” means consumers will not have…
Google’s Bold Move: Nuclear Power to Fuel AI with SMRs
Tech giant Google has partnered with Kairos Power to develop seven nuclear reactors to power its ever-growing AI systems.
The company said in a statement that it’s to “accelerate clean…
Labeling problem led to Coca-Cola recalling 13,152 cases of “Minute Maid Zero Sugar…
A labeling problem led to Coca-Cola recalling 13,152 cases (with 12 cans of lemonade inside) of its “Minute Maid Zero Sugar Lemonade” in September.
The drinks, labeled as “sugar-free with…
Investment Bank Goldman Sachs Reports $2.99 Billion in Profits
Investment bank giant Goldman Sachs reported a whopping $2.99 billion in Q3 profits – surpassing what analysts had expected, with revenue up 7% to $12.7 billion.
Not at all in disarray
CEO…
Walgreens closing 1,200 stores across the US after $3bn loss
US pharmacy store chain Walgreens has announced that it will be closing 1,200 stores over the next few years to boost cash flow and recover earnings.
The company will prioritize closing…
Speed-Modulated Ironing: Redefining 3D Printing and Material Efficiency
Speed-modulated ironing is gaining attention in 3D printing as a more efficient way to produce complex, textured objects—avoiding the slow production speeds and material waste of current…
New Study Reveals the Hidden Risks of Nickname Branding
A recent study published in The Journal of Marketing reveals that the increasingly popular strategy of using brand nicknames may have unintended consequences.
Titled “BMW Is Powerful,…
News Today – Oct 17, 2024:
- Canada/Gig Economy: Nearly one-quarter of Canadians work in the gig economy – poll. ici.radia-canada.ca
- Germany/Economy: German economy may contract in 2024, Bundesbank chief Joachim Nagel says. businesstimes.com.sg
- Japan/Rates: Japan’s new Economy Minister Ryosei Akazawa shows tolerance for further rate increases. marketscreener.com
- UK/BP/Investors: BP bows to investor pressure as it abandons plans to cut oil output. euronews.com
- Australia/Rates: Reserve Bank of Australia ‘having a bet each way’ on future of interest rates. 9news.com.au
- S. Africa/Economy: How financial illiteracy is crippling South Africa’s economy. iol.co.za
- Thailand/Currency: Thailand faces economic decision amid rising currency concerns. aseannow.com
- Colombia/Economy: Colombia’s economy surges with 2.1% GDP growth in Q2 2024 – here’s why. msn.com
- S. Korea/Crypto: Growing dollar-backed stablecoin trades may destabilize Korean economy. kedglobal.com
- Spain/Budget: EU warns Spain on risks of missing deadlines for budget plans. bnnbloomberg.ca
- US/Gen Z/Elections: For Gen Z, US election is all about the economy. bbc.com
- India/Economy: Focus on industries, population, education & employment is imperative for economic growth. thenorthlines.com
New Financial Glossary Terms:
What is the Consumer Confidence Index?
What is an Assumable Mortgage?
Market Business News is an online newspaper that specializes in publishing financial, economic, stock market, and business news articles on a daily basis.
The website also features a very comprehensive financial glossary with thousands of terms and their meanings.