by Vasu Jit Kalia | August 20, 2024 | Market Analysis & Commentary
The global spending on artificial intelligence (AI), including AI-enabled applications, infrastructure and related IT and business services, is likely to reach $632 billion by 2028, a new report said on Monday. The rapid incorporation of AI, and generative AI (GenAI)...
by Jibran Munaf | August 16, 2024 | Market Analysis & Commentary, Market Commentary, News, Retail
Retail spending in the GCC is projected to increase by 37% from 2022 levels, reaching $300 billion by 2028. Cities in the region are emerging as top global shopping destinations, with Dubai leading the way. Dubai is the only GCC city among the six top global retail...
by Vasu Jit Kalia | August 14, 2024 | Market Analysis & Commentary
The total production of passenger vehicles, three-wheelers, two-wheelers and quadricycle reached 24,37,138 units in July, the Society of Indian Automobile Manufacturers (SIAM) data showed on Wednesday. Passenger vehicles sales were 3,41,510, three-wheeler sales were...
by Jibran Munaf | August 14, 2024 | Breaking, Currency Markets Analysis, Economy, Finance, Market Analysis & Commentary, Markets, News, Stocks & Bonds
Stocks rallied across the board, with the Dow, S&P 500, and Nasdaq Composite all posting gains after weak Producer Price Index (PPI) inflation data. The technology sector led the charge as the first of two closely watched inflation reports came in weaker than...
by Jibran Munaf | August 13, 2024 | Currency Markets Analysis, Currency Trading Strategies, Economy, Industry, Market Analysis & Commentary, Markets, Stocks & Bonds
Japanese shares led Asia higher on Tuesday, with the yen on the back foot ahead of a slew of data this week, including U.S. inflation figures, which will help investors gauge the Federal Reserve’s policy outlook after last week’s volatile markets. Oil...
by Jibran Munaf | August 13, 2024 | Expert Analysis, Market Analysis & Commentary, Market Commentary, Markets, News
Veteran investor David Roche anticipates a bear market in 2025, driven by smaller-than-expected rate cuts, a decelerating U.S. economy, and an artificial intelligence bubble. “I think [a bear market] is probably coming, but probably in 2025. We now know what will...
