Stock market doesn’t bottom until after the Fed starts cutting rates, charts show

Stock market doesn’t bottom until after the Fed starts cutting rates, charts show

As stocks try to regain their footing after a rough start to 2024, history suggests there could be further choppiness ahead. All three major averages are down to start the year. A powerful rally at the end of 2023, following a dovish pivot from the Federal Reserve, has investors worrying that stocks were overbought. So…

Gabriel Attal becomes France’s youngest prime minister in modern history

Gabriel Attal becomes France’s youngest prime minister in modern history

PARIS, FRANCE – DECEMBER 20: French Education Minister Gabriel Attal during the weekly cabinet meeting at the presidential Elysee Palace on December 20 2023 in Paris, France. (Photo by Christian Liewig – Corbis/Getty Images) Christian Liewig – Corbis | Corbis News | Getty Images French President Emmanuel Macron on Tuesday named Gabriel Attal as the…

UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

UAE defies fintech slowdown with a 92% jump in funding — against a global plunge of 48%

Europe’s fintech sector is fiercely competitive, with privately-held start-ups worth tens of billions of dollars vying to steal market share from incumbent banks. Oscar Wong | Moment | Getty Images The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to…

U.S. and China keep a close watch as Taiwan heads to the polls

U.S. and China keep a close watch as Taiwan heads to the polls

Supporters listening to Kuomintang presidential candidate, Hou Yu-ih, as he speaks on the stage during an election campaign rally in Taichung, Taiwan, January 8, 2024. Man Hei Leung | Anadolu | Getty Images More than 19 million voters in Taiwan will head to the polls on Saturday to decide if the ruling Democratic Progressive Party…

Social media uproar may cost the Maldives millions, as feud with India intensifies

Social media uproar may cost the Maldives millions, as feud with India intensifies

Social media posts by Maldivian officials may cost the country millions in tourism revenue, as calls by Indian travelers to boycott the island nation intensify.   “We are seeing a 40% drop in bookings over the last two days,” Ankit Chaturvedi, vice president and global head of marketing at the India-based travel software company Rategain,…

Global economy set for its worst half decade of growth in 30 years, World Bank says

Global economy set for its worst half decade of growth in 30 years, World Bank says

A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. Global growth is forecast to slow for the third year in a row in…

Global economy set for its worst half decade of growth in 30 years, World Bank says

Global economy set for its worst half decade of growth in 30 years, World Bank says

A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images The global economy is on course to record its worst half decade of growth in 30 years, according to the World Bank. Global growth is forecast to slow for the third year in a row in…

Record thunderstorm losses and deadly earthquakes cost $250 billion in damages in 2023, report says

Record thunderstorm losses and deadly earthquakes cost $250 billion in damages in 2023, report says

Cars stranded in a flash flood caused by a monsoonal thunderstorm on Sept. 1, 2023, in Thermal, California. David Mcnew | Getty Images News | Getty Images Destructive thunderstorms in North America and Europe and a series of devastating earthquakes last year cost the world around $250 billion in damages, according to a new report…

Hottest year on record puts Earth in touching distance of critical warming threshold, scientists say

Hottest year on record puts Earth in touching distance of critical warming threshold, scientists say

Greece has been struggling with forest fires that could not be controlled for 10 days on July 27, 2023 in Rhodes, Greece. Dia Images | Getty Images News | Getty Images Scientists on Tuesday confirmed 2023 as the hottest year on record and warned that the planet is now within touching distance of smashing through…

Norway poised to open vast ocean area to controversial deep-sea mining

Norway poised to open vast ocean area to controversial deep-sea mining

Activists take part at a “Look Down action” rally to stop deep sea mining outside the European Parliament in Brussels on March 6, 2023. (Photo by Kenzo TRIBOUILLARD / AFP) (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Images Norway is poised to become one of the first countries in…