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OpenAI's ChatGPT is gaining new voice and image capabilities that will allow Plus and Enterprise users to have more natural conversations by speaking to the AI or showing it photos, providing a more intuitive interface through real-time voice interactions and visual examples. It can now also...

New U.S. home sales declined 8.7% in August 2023 compared to the previous month, according to data from the Census Bureau and HUD. This downturn is attributed to factors including rising mortgage rates, currently sitting at 7.64% for a 30-year fixed-rate mortgage, as well as decreasing housing...

The People's Bank of China left benchmark lending rates unchanged on Wednesday as it balanced economic recovery and yuan weakness. The 1-year loan prime rate stayed at 3.45% and the 5-year rate at 4.20%, after a cut last month. China's economy shows signs of improvement but faces slowing...

Dear Forum Members! Here you can stay ahead of the Market with Real-Time News and Comprehensive Market Analysis Risk Warning: CFDs are risky, complex derivatives traded off-exchange. They carry a high risk due to leverage and are not suitable for all investors. Exness holds no liability for...

As a major central bank policy meeting looms over the market, let's look at expectations. The Bank of Japan is expected to maintain low interest rates. BOJ Governor Kazuo Ueda hinted at ending negative rates sooner, possibly by year-end or early next year. The federal reserve, on the other hand...

Headline CPI inflation accelerated to 3.7% in August, up from 3.2% in July, as energy prices spiked. Core inflation, excluding food and energy, moderated slightly to 4.3%. Food inflation remains elevated at 4.3% year-over-year, with egg, butter, and milk prices falling while meat and bread costs...

The auto industry is gearing up for a no-octane shift. The Biden administration is putting pedal to the metal on electric vehicles, offering $12 billion in grants and loans to help automakers and suppliers convert plants to manufacture EVs. This aims to accelerate the transition away from...

The shocking death of Yevgeny Prigozhin, head of the controversial Russian mercenary group Wagner, has created uncertainty over the future of the shadowy conglomerate. With its chief patron and strategist gone, Wagner may struggle to maintain cohesion and funding for its global operations...

The FOMC minutes revealed divided views among policymakers about further interest rate hikes. Most officials saw upside risks to inflation and felt further tightening may be needed, while some cited concerns about economic risks if rates rise too high or remain higher for longer. The minutes...

China's economy continues to show cracks as industrial output, retail sales, and new home prices all headed south in July. This prompted the central bank to deliver a surprise rate cut, widening the gap between Chinese and U.S. yields to a 16-year high. The dismal data and rate cut have fuelled...

The US rental scene continues to see soaring vacancies and falling rents, while home prices remain on a plateau. Vacancy rates have climbed to 6.3%, the highest in two years, and median asking rents stalled in July, extending the cooling growth trend. Though still sky-high compared to 2019...

The Treasury Department just disclosed new borrowing forecasts for the next half of the remaining year. In Q3, they expect to take on a whopping $1.007 trillion in privately held debt, assuming $650 billion in cash on hand at the end of September. This lofty estimate tops May's projection by...

The recent Federal Reserve meeting saw the Fed raise interest rates again to fight inflation. The Fed's 0.25% rate hike to 5.25–5.50% was the 11th of this aggressive cycle, leaving investors uneasy about the impact on growth. Powell tried to reassure markets that the Fed wouldn't blindly hike...

From now on, all new FTMO Challenges and Verifications have an unlimited Trading Period, the 30-day and 60-day periods are gone. This has been a heavily requested change and therefore, we are sure that your clients will be eager to hear about it. Moreover, the release of this exciting news is...

The numbers are in, but they keep heads scratching. US headline inflation in June rose at a slower pace than expected, with the consumer price index increasing by 3.0% annually, down from 4.0% in May. Core CPI, which excludes volatile items, cooled only to 4.8% yearly. Despite headline inflation...

Fight with text and later with a fist. Meta's CEO, Mark Zuckerberg, launched Threads, a Twitter-like companion app for Instagram, escalating his rivalry with Elon Musk a week after being challenged by the SpaceX CEO to a cage fight. Within two hours, the app garnered 2 million sign-ups while...

Those who control the chip control the world. Last week, The Biden administration considered restricting AI chip exports to China to maintain dominance and prevent military use. In response, China imposed export restrictions on critical rare earth compounds, especially Gallium and germanium...

High risk, higher reward. Ukrainian debt has become an up-and-coming popular investment choice due to positive developments in the country's economy, driven by fear of civil war in Russia. Ukraine's sovereign dollar bonds outperformed other emerging markets, delivering a return of over 30%...

16/06/2023 - Hawkish Stances Drive Forex Markets Thursday was a whirlwind day in the market, characterized by significant swings across Forex pairs, commodities, and indices. The day was driven by pivotal data releases and central bank decisions, leading to heightened volatility and some...

The Federal Reserve announced that it would maintain the current interest rates but surprised many with a vote among members that thought there would be two more rate hikes this year. The main reason for the decision is to avoid causing more economic damage to sectors that are already...