German Economic Confidence Strengthens On Recovery Hopes
Germany's economic confidence strengthened more-than-expected to hit the highest in more than two years in April as investors anticipate the economy to pick up over the coming months amid the global r... Full Article
Morgan Stanley Q1 Results Tops Estimates
Financial services firm Morgan Stanley (MS) reported Tuesday a profit for the first quarter that increased 15 percent from last year, driven by revenue growth across its operating segments and lower p... Full Article
Futures Pointing To Initial Rebound On Wall Street
After moving sharply lower over the two previous sessions, stocks may move back to the upside in early trading on Tuesday. The major index futures are currently pointing to a higher open for the marke... Full Article
UK Unemployment Rate Rises; Wage Growth Slows
The increase in the UK unemployment rate and the marginal slowdown in wage growth in the three months to February suggest an easing of pressure in the labor market. The ILO jobless rate rose to 4.2 p... Full Article
Baidu's AI Chatbot Ernie Bot Records Over 200 Mln Users
Chinese internet company Baidu Inc.'s artificial intelligence or AI chatbot Ernie Bot has secured more than 200 million users, reports said citing CEO Robin Li. Ernie Bot, China's most popular ChatGP... Full Article
U.S. Housing Starts Pull Back Sharply In March, Extending Recent Volatility
After reporting a substantial rebound in new residential construction in the U.S. in the previous month, the Commerce Department released a report on Tuesday showing housing starts pulled back by much... Full Article
U.S. Industrial Production Climbs 0.4% In March, In Line With Estimates
A report released by the Federal Reserve on Tuesday showed industrial production in the U.S. increased in line with economist estimates in the month of March. The Fed said industrial production climb... Full Article
U.S. Stocks Turning In Lackluster Performance Following Recent Sell-Off
Stocks moved sharply lower over the two previous sessions but are turning in a relatively lackluster performance during trading on Tuesday. While the Dow has remained positive after an early advance, ... Full Article
IMF Says Global Recovery Steady But Slow
The International Monetary Fund said on Tuesday that a resilient global economy is set for steady growth in the next two years as inflation returns to target gradually, but the growth will be uneven a... Full Article
Powell Says It's Likely To Take Longer To Achieve Confidence Inflation Is Slowing
Citing a "lack of progress" toward reaching the central bank's inflation goal, Federal Reserve Chair Jerome Powell suggested on Tuesday that interest rates are likely to remain higher for longer. Pow... Full Article
U.S. Stocks Finish Lackluster Session Narrowly Mixed
Stocks showed a lack of direction over the course of the trading day on Tuesday, as traders took a breather following the sell-off seen over the two previous sessions. The major averages bounced back ... Full Article
European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic confidence from Germany are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment and average earning... Full Article
Microsoft To Invest $1.5 Bln In UAE's AI Firm G42
Tech major Microsoft Corp. is investing $1.5 billion in UAE-based artificial intelligence or AI technology holding company G42 as part of its initiatives to accelerate AI development and global expans... Full Article
US Offers Up To $6.4 Bln Grant To Samsung To Boost Chip-making In Texas
The U.S. government has offered up to $6.4 billion funding to Samsung Electronics Co Ltd. to build semiconductor manufacturing and research and development facilities in Texas. This will add to Sout... Full Article
China GDP Growth Tops Expectations In Q1
China's economy posted a stronger-than-expected growth in the first quarter as strong exports on the back of weaker currency helped to counteract the downturn in the property market. Gross domestic ... Full Article
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