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Wall Street Celebrates Positive Economic Indicators and Strong Bank Earnings

15.01.2025, 16:00

Stocks and bonds experienced a significant rally following encouraging inflation data showing slower-than-expected price pressures. Major indices, including the Dow, S&P 500, and Nasdaq, opened sharply higher, with the Dow surging by more than 600 points as robust earnings from major banks like...

Severe Arctic Chill on the Way as Polar Vortex Invades North America

15.01.2025, 16:00

A significant Arctic blast is forecasted to sweep across the U.S. and Canada, bringing the coldest temperatures of the season so far. Meteorologists warn that a lobe of the polar vortex is set to dip into the region, resulting in dangerously low wind chills, with some areas feeling like minus 40...

US Inflation Trends and Economic Implications

15.01.2025, 15:00

The latest inflation reports show varying trends as US consumer prices edged up slightly in December, with the Consumer Price Index (CPI) rising to 2.9%. This marks an increase from previous months, raising concerns for the Federal Reserve regarding their rate cut strategies. Core inflation, however...

Impeached South Korean President Yoon Suk Yeol Arrested After Standoff

15.01.2025, 15:00

In a dramatic series of events, South Korean authorities have arrested impeached President Yoon Suk Yeol after a weeks-long standoff at his residence. The arrest follows an attempted martial law declaration, which has sparked significant political upheaval in the country. Despite multiple attempts...

Controversy Surrounds Private Firefighters During Devastating Los Angeles Wildfires

15.01.2025, 14:00

As wildfires ravage Los Angeles, the rise of private firefighters has ignited significant controversy. Wealthy residents are reportedly hiring these firefighters at rates of up to $2,000 per hour to protect their homes, raising questions about inequality and access to resources during these...

Strong Bank Earnings Help Lift Stock Futures Ahead of Key Inflation Report

15.01.2025, 14:00

U.S. stock futures climbed notably, buoyed by robust bank earnings from major financial institutions such as JPMorgan, Goldman Sachs, and Wells Fargo. Analysts project that big banks are on track to report combined quarterly profits of approximately $31 billion, indicating a solid performance in the...

SpaceX and FireFly Aerospace Team Up for Historic Moon Launch

15.01.2025, 14:00

In an exciting development for lunar exploration, SpaceX successfully launched two privately-built moon landers, Blue Ghost and Resilience, aboard a Falcon 9 rocket. This mission marks a significant milestone in the new moon race, as both American and Japanese robotic landers embark on their journey...

Contentious Confirmation Hearing for Pete Hegseth as Defense Secretary

15.01.2025, 14:00

Pete Hegseth faced a challenging confirmation hearing for the position of Defense Secretary, with intense scrutiny from Democratic senators regarding his views on women in the military, allegations of misconduct, and his qualifications for the role. While GOP senators emphasized the urgency of...

Investors Brace for Crucial US Inflation Data Amid Market Jitters

15.01.2025, 13:00

Traders are gearing up for what is expected to be one of the busiest CPI days in recent memory, with the release of the December CPI report poised to confirm persistent inflation. This has prompted a recalibration of rate cut expectations as US inflation remains elevated, raising concerns about...

FTC Reports Billions in Price Increases by Pharmacy Benefit Managers

15.01.2025, 13:00

The U.S. Federal Trade Commission (FTC) has released a comprehensive report revealing that major pharmacy benefit managers (PBMs) have inflated drug prices, leading to an estimated $7.3 billion profit at the expense of consumers and the healthcare system. The report highlights disturbing price hikes...

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