CEO Bank of America Brian Moynihan Predicts No Interest Rate Cuts in 2023
Bank of America CEO Brian Moynihan expressed confidence that there will be no cuts in interest rates in the current year of 2023. During a recent interview, he noted that the economic environment in the country remains challenging, and it is expected that the Central Bank will continue to adhere to a tight monetary policy. According to him, rising inflation and complicated supply chains leave little basis for lowering rates in the near future.
Continue reading
Hyundai Motor Company Announces Major $21 Billion Investment in the U.S.
Recently, the CEO of Hyundai Motor Company, Chung Sung-ho, made a significant announcement regarding a $21 billion investment in the economy of the United States. This move is in response to the growing needs of the American market and the company’s ambition to strengthen its position within it.
Continue reading
US Infrastructure Ratings Reach Record Highs Despite Key Areas Lacking
According to a new report, the infrastructure of the United States has received its highest ratings in history. However, several key areas remain underdeveloped. Last year, the country’s infrastructure was rated at 67 out of 100 points, which is a significant increase compared to previous reports, yet still not enough for the full satisfaction of experts and responsible authorities.
Continue reading
Cars with the Worst Depreciation in 2025
According to a recent study published by Motor1, several car models are expected to experience significant price declines in 2025. This information is crucial for potential buyers considering the long-term investment in certain vehicles.
Continue reading
Rate Cut Projections: What the Market Expects in 2024
Recently, there has been a growing interest in the topic of interest rate cuts in the U.S., particularly in light of the current economic conditions. Economists and analysts are paying attention to possible changes in monetary policy that may take place throughout 2024. Currently, the market is anticipating several rate cuts during the year, which could significantly impact the country's financial system.
Continue reading
The Most Expensive RUF Model Sold at Auction
A unique RUF vehicle was sold at a recent auction in Las Vegas, marking the most expensive sale for this brand ever recorded. The car, known as the RUF CTR Yellow Bird, fetched an astounding $2.15 million, far exceeding expert expectations.
Continue reading
Eli Lilly Announces Major Investments in US Manufacturing
Pharmaceutical company Eli Lilly & Co. has announced plans to invest $2.7 billion to expand its manufacturing capabilities in the United States. This significant investment aims to strengthen the company's market position and expedite the delivery of essential medications to patients. The funds will be used to construct new manufacturing facilities, which will not only create jobs but also improve the accessibility of their products.
Continue reading
US Economy: Second Estimate of Q4 2024 GDP Released
Recent data released by the U.S. Department of Commerce indicates that the country’s economy showed stable growth in the fourth quarter of 2024, according to the second estimate of Gross Domestic Product (GDP). This figure increased by 2.1% year-over-year, representing a slight improvement over the first estimate that was at 2.0%.
Continue reading
Rare De Tomaso Pantera 90Si Hits Auction: A Chance to Own a Legend
RM Sotheby's is offering a unique opportunity to acquire a De Tomaso Pantera 90Si, a standout in Italian automotive history. Produced in a limited run of only 28 units, this car is particularly valuable for collectors. The auction's featured vehicle heads a list of rare models that are sure to draw the attention of classic car enthusiasts.
Continue reading
Banks Transporting Gold from London to New York: Reasons and Consequences
In recent months, a noticeable increase in gold shipments from London to New York has been observed, driven by both economic and geopolitical factors. Banks and investment companies have started using commercial flights for transporting gold, which has drawn particular interest among financial markets and observers.
Continue reading