Market Business News is an online newspaper that specializes in publishing financial, economic, and business news articles on a daily basis.
The website also features a very comprehensive financial glossary with thousands of terms and their meanings. MBN publishes articles on the most important developments in business, tech and science.
US March Inflation Report: Persistent Price Pressures Complicate Fed’s Rate Path
The U.S. Bureau of Labor Statistics recently released data showing that inflation continued to be a significant issue in March, with prices rising across many parts of the economy. This information is important because it suggests that the Federal Reserve may keep interest rates higher for longer to...
Looking for comprehensive info on "trade barriers" that's easy to understand? If so, check out this article now.
In this video, we'll go over what the "balance of trade" is. The "balance of trade", also simply referred to as the "trade balance", is a financial metric th...
There’s no buzzword (buzz phrase) quite as hot as “eCommerce strategy,” now is there? But, as with all buzzwords, the term gets thrown around perhaps a lot more often than it deserves, and often in circles in which its implications are not fully understood. So, let’s take a step back and def...
Apple Inc. has unexpectedly suspended sales of key Apple Watch models in the United States. This development, effective December 21, responds to a U.S. International Trade Commission (ITC) ruling over a patent dispute with Masimo and Cercacor. The ban, starting December 26, targets models with a blo...
The social media giant, TikTok, is set to make a significant foray into the Southeast Asian market by becoming a major player in Indonesia’s e-commerce sector. It has agreed to invest $1.5 billion to acquire a controlling stake in an e-commerce unit of Indonesia’s largest tech conglomerate, GoTo...
In October 2023, the U.S. job market underwent notable changes, reflecting the impact of economic policies and market conditions, according to the U.S.Bureau of Labor Statistics. The most significant change was a marked decrease in job openings, which fell to 8.7 million, the lowest level since Marc...
The Eurozone saw a significant and unexpected drop in inflation rates in November 2023, recording the slowest annual pace since July 2021. This decrease to 2.4% from 2.9% in October offers a breather to consumers and ignites speculation about potential shifts in the European Central Bank’s (ECB) m...
The Thanksgiving weekend of 2023 marked a historic moment for air travel in the United States. On Sunday, November 26, the Transportation Security Administration (TSA) screened an astonishing 2,907,378 passengers at airports across the nation. This figure not only set a new record for the highest si...
The U.S. housing market continues to go through a period of significant challenges, as revealed in the National Association of Realtors’ October 2023 Confidence Index Survey. Key findings from the survey highlight a market characterized by low inventory, competitive pricing, and changing buyer and...
Amazon has recently announced its new program, AI Ready, aiming to offer free artificial intelligence (AI) training to 2 million people globally by 2025. The program is designed to broaden access to AI education and provide AI skills that are increasingly in demand. Increasing Need for AI Skills in....
A bottle of Macallan Adami 1926, a single malt Scotch whisky of legendary status, has set a new record in the auction world, selling for a staggering $2.7 million (£2.1 million) at Sotheby’s in London – making it the most expensive wine or spirit ever sold at auction. The sale is a testament to...
As the US grapples with post-pandemic changes, industry leaders have been contemplating the potential shift towards deflation. One such prediction comes from Doug McMillon, CEO of Walmart, the world’s largest retailer. Deflation: What Does It Mean for the Economy? Deflation, characterized by a gen...
Amazon has announced a strategic partnership with Hyundai, marking its entry into the car sales industry. Starting in 2024, customers in the United States will be able to purchase Hyundai brand cars directly from Amazon. The purchasing process doesn’t seem to be that different from buying anything...
The Japanese economy contracted by 2.1% in Q3 of 2023 on an annualized basis, marking its sharpest downturn in two years, according to data made public by the Cabinet Office. This decline was driven by rising inflation, waning consumer demand, and weak exports. This contraction reflects an unstable....
Emirates Airline commenced the Dubai Airshow 2023 with a landmark deal, placing an order for 95 additional wide-body aircraft, valued at $52 billion. This move not only expands its total order book to 295 aircraft but also reinforces its position as the world’s largest operator of Boeing 777 wide-...
In a groundbreaking development, a novel gene-editing therapy using CRISPR technology, which employs a technique for precisely rewriting the genetic code directly in the body, has significantly reduced low-density lipoprotein cholesterol (LDL-C), or ‘bad’ cholesterol. This reduction, potentially...
In recent weeks, the US mortgage market has experienced a significant shift. The average interest rate on a 30-year fixed-rate mortgage, a benchmark in the industry, has seen a substantial decrease, marking the most significant one-week dip since the previous year. This report delves into the implic...
In an exciting development in the field of artificial intelligence (AI), Humane, a company founded by former Apple designers, has announced the release of its first product — the Ai Pin. This wearable device, touted as an innovative alternative to smartphones, promises to redefine the way we inter...
Airbnb, a global leader in the vacation rental industry, has unveiled its 2023 Winter Release, packed with new features designed to enhance the user experience for both hosts and guests. These features include “Guest Favorites”, a revamped review system, integration with smart locks, and more op...
Virgin Galactic, the company that’s been pioneering commercial space travel, is pressing pause on spaceflights next year. This isn’t a full stop but a strategic shift to focus on their new project: the Delta-class spacecraft. These new ships are set to be the next big step in space tourism, and ...
The Australian Government has confirmed a nationwide blackout of Optus services, one of the country’s worst in recent history, attributing the incident to a glitch in the provider’s core network infrastructure. Optus, while yet to publicly address the exact cause, has been speculated by industry...
Despite economic challenges such as inflation, high borrowing costs, and resumption of student loan repayments, American consumers are anticipated to spend record-breaking sums during the holiday season. According to the National Retail Federation (NRF), this year’s holiday sales could rise by 3% ...
Elon Musk has unveiled “Grok,” a witty and slightly rebellious generative AI model from his new venture, xAI. Designed to respond to a wide array of questions and even prompt users on what to inquire about, Grok represents a novel development in generative AI technology. A Brief Overview Grok is...
Apple, the multi-billion dollar tech giant, has been making notable strides in the realm of Artificial Intelligence (AI). Amidst industry buzz that Apple might be lagging in the AI department, the company’s CEO, Tim Cook, during Apple’s Q4 earnings call, countered such notions. He emphasized var...
In a monumental move that is set to redefine the landscape of theme park operations across North America, two of the industry’s giants, Six Flags Entertainment and Cedar Fair, have announced their plan to merge. The combined company, estimated to be worth around $8 billion, will operate a portfoli...
Toyota recently announced a massive safety recall affecting approximately 1,854,000 vehicles RAV4 SUVs. The recall has been issued due to concerns over a potential fire risk caused by an issue with the vehicle’s battery. The recall specifically targets RAV4 SUVs manufactured between 2013 and 2018 ...
Disney, the media giant, is on the brink of securing full ownership of the well-known streaming and media service, Hulu. The company is gearing to acquire Comcast’s 33% stake in Hulu, a move that is expected to bolster Disney’s streaming ambitions. The total cost of the acquisition is projected ...
Treasury Wine Estates (TWE), an Australian global winemaking and distribution business giant, announced the acquisition of DAOU Vineyards, a prestigious wine business founded by Georges and Daniel Daou. This $900 million deal, plus a potential earn-out of $100 million, is set to augment TWE’s focu...
The United Auto Workers (UAW) union has recently made headlines with a groundbreaking agreement with Ford Motor Company. This historic deal not only promises significant financial gains for the union members but also sets a precedent for future negotiations in the automotive industry. The news comes...
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