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Asian markets mixed as traders digest Fed's hawkish pivot
Equities fluctuated Friday and the dollar maintained its gains against its peers as investors assessed the fallout from the Federal Reserve's outlook for interest rate cuts and possible impact of Donald Trump's presidency on the economy. The legislation would have kept the government open through March and suspended the borrowing limit for president-elect Donald Trump's first two years in office.
US Fed's caution on rate cuts could cause friction with Trump
Donald Trump's imminent return to the White House and uncertainty about his policy proposals has begun weighing on the US Federal Reserve, raising concerns of a reckoning between the central bank and the president-elect. In Trump's orbit, there is also strong disagreement that some of the proposed policies are actually inflationary.
Japanese inflation jumps to 2.7% in November
Japanese inflation accelerated in November, with prices rising 2.7 percent on-year partly due to higher energy costs, government data showed Friday. "Core core CPI", which excludes both fresh food and energy prices, stood at 2.4 percent.
New Nike CEO vows turnaround after earnings drop
Nike reported lower profits on another drop in revenue Thursday, with new CEO Elliott Hill vowing to get the slumping sports giant back on track. A self-described Nike "lifer" who first joined the company as an intern, Hill retired from the sports giant in 2020.
El Salvador plans to sell or shut its crypto wallet
El Salvador will privatize or close the cryptocurrency wallet "Chivo" created by President Nayib Bukele when he made bitcoin legal tender in 2021, an official said Thursday.
‘Afronita Vibes’: Female Footballer Latifa Musah’s Dance Goes Viral After WAFU Cup Triumph
Ghanaian female footballer Latifa Musah showcased her flawless dance moves like Afronita after helping the Black Maidens reach the final of the WAFU-B U17 Girls Cup.
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Afua Asantewaa drops video of carpenters mounting stage for GWR sing-a-thon, fans wish her well
Media personality Afua Asantewaa Aduonum shared a video update on how she was preparing for her second Guinness World Record sing-a-thon attempt.
IMF confirms talks with Argentina about new loan agreement
The IMF and Argentina have begun negotiations over a new loan agreement as the current program draws to a close, a spokesperson for the international financial institution confirmed Thursday. The IMF's current 30-month loan agreement with the South American country expires on December 31, and is worth around $44 billion, making it the largest program it has.
Farida Mahama shows humble side as she takes a selfie video with underprivileged kids
Farida Mahama, the daughter of president-elect John Dramani Mahama, melted many hearts when an old video of her interacting with poor kids surfaced online.
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