Abril Elfi
Argentina Announces 50% Devaluation Of Their Peso As Part Of Shock Economic Measures
Argentina has announced the devaluation of their currency due to an economic shock measure.
Analysts
U.S. Inflation Rose 3.1% In November, Above Federal Reserve’s Target
The Federal Reserve’s long-term objective for U.S. inflation was persistently exceeded in November, with 3.1% growth, supporting central bankers’ arguments to maintain current interest rates this spring.
AI Model
Alphabet soars as Wall Street cheers arrival of AI model Gemini
Alphabet shares ended 5.3% higher on Thursday as Wall Street cheered the launch of Gemini.
Abril Elfi
Biden Approval Rating Nears Lowest Level Since Start Of Presidency
This month is the lowest point in United States President Joe Biden’s approval rating throughout his entire tenure in office.
CEO
Spotify To Cut 17% Of Its Workforce In 3rd Layoff This Year
The music streaming platform Spotify has announced a third round of layoffs in 2023.
ECONOMY
JPMorgan CEO Jamie Dimon: Wall Street Should Prepare For A Recession
JPMorgan CEO Jamie Dimon says Wall Street should be prepared for a recession.
30-year fixed-rate mortgage
US new home sales fall more than expected in October
Sales of new U.S. single-family homes fell more than expected in October, likely as higher mortgage rates reduced affordability.
argentina
Argentina Elects Libertarian Javier Milei As President
Argentina elected libertarian outsider Javier Milei, dubbed the “Trump of Argentina” as the country’s new president.