latest news in economy
Quantum Batteries: The Future of Energy Storage?
New York, Monday, 11 November 2024.
Simulations suggest quantum batteries could surpass conventional energy storage limits, potentially revolutionizing power systems. By sharing quantum states with devices, these batteries might provide more energy than initially stored, offering exciting prospects for future energy solutions.
U.S. Inflation Stagnates in October, Challenging Fed's Strategy
Global, Sunday, 10 November 2024.
October’s inflation data shows little progress, complicating the Federal Reserve’s efforts to achieve price stability. This development raises questions about the effectiveness of current monetary policies and their impact on economic planning.
NYSE Hosts Annual Sustainability Summit, Spotlighting ESG Initiatives
New York, Friday, 8 November 2024.
The New York Stock Exchange’s Sustainability Leaders Summit brings together industry leaders to discuss climate transition plans, renewable energy strategies, and the impact of sustainability metrics on business decisions. The event underscores NYSE’s commitment to promoting good governance and transparency in the financial markets.
Evercore Predicts S&P 500 Surge: 11% Growth by Mid-2025
New York, Thursday, 7 November 2024.
Evercore ISI strategists forecast a continuing bull market in U.S. stocks, projecting an 11% rise in the S&P 500 Index by mid-2025. They attribute this growth to potential deregulation policies, despite current high valuations.
Fed Cuts Rates Again: Economic Caution Amid Cooling Inflation
Washington, Thursday, 7 November 2024.
The Federal Reserve approved a second consecutive 0.25% interest rate cut as inflation eases. This decision, made amid cautious economic conditions, signals the Fed’s intent to manage growth while closely monitoring economic indicators like the slowing job market.
Cash Handling Technology Boom: Market Set to Reach $18.4 Billion by 2032
Dublin, Thursday, 7 November 2024.
The global cash handling device market is projected to grow from $11.3 billion in 2023 to $18.4 billion by 2032, driven by technological advancements and increased demand for secure, efficient cash management solutions in banking and retail sectors.
Data Centers Embrace Immersion Cooling: Market Set to Soar to $2.2 Billion by 2030
Dublin, Thursday, 7 November 2024.
The global immersion cooling market is projected to grow from $585.7 million in 2023 to $2.2 billion by 2030, driven by data centers’ need for energy-efficient cooling. This innovative technology, which submerges IT hardware in dielectric fluid, offers superior heat dissipation and lower energy consumption compared to traditional air-based systems.
Smart Doorbell Market Set to Soar: $14.4 Billion Forecast by 2031
San Francisco, Thursday, 7 November 2024.
The global smart doorbell market is projected to reach $14.4 billion by 2031, driven by rising disposable incomes and increased awareness of smart home technology. Despite challenges like limited internet availability, ongoing innovations and smart city initiatives are fueling this explosive growth.
Insolvency Surge: Aryza Group Reports 27% Rise in Q3 2024
Dublin, Thursday, 7 November 2024.
Aryza Group’s Q3 2024 report reveals a significant 27% increase in individual insolvencies compared to Q3 2023, totaling 31,276 cases. This surge reflects growing economic pressures and cost-of-living challenges, with notable rises in Individual Voluntary Arrangements and Debt Relief Orders. The data underscores the financial strain on individuals and businesses in the current economic climate.
Trump's Economic Policies Raise Inflation Concerns
Washington, D.C., Thursday, 7 November 2024.
President-elect Trump’s proposed economic strategies, including tax cuts and tariffs, could potentially exacerbate inflation rather than alleviate it. Economists warn of rising prices and possible trade conflicts, impacting both domestic and global markets.