E-Learning

News of the day for Jan. 21, 2025

U.S. President Donald Trump's return to the White House has been met with both relief and disappointment across world markets as investors try to work out what the next four years will bring. "The approach will be chaotic, unpredictable, spur of the moment and driven by Trump himself," said Russel Matthews, senior portfolio manager, global macro at RBC BlueBay Asset Management. Calling out Canada and Mexico as potential targets for tariffs took a further toll on their currencies, which fell sharply following Trump's inauguration speech.

Extreme weather – from wildfires in California to the freezing cold temperatures and snow in Northeast, Midwest and South – has caused home tours and pending sales to fall.

New Oriental Education & Technology Group Inc. (NYSE:EDU) shares are trading lower on Tuesday’s premarket. The company reported a second-quarter revenue increase of 19.4% year-on-year to $1.038 billion, beating the analyst consensus estimate of $1.009 billion. Total net revenues, excluding revenues generated from East Buy private label products and livestreaming business, increased by 31.3% Y/Y. The growth was mainly driven by increased net revenues from educational new business initiatives. The

Polestar aims to leverage an agency distribution model in France.

The authorisation is supported by outcomes from two Phase III trials.

After two years of progress on inflation and surprisingly persistent economic growth, the Federal Reserve next week meets with one eye on new Trump administration policies and another on a bond market that has ratcheted up borrowing costs even as U.S. central bankers have been cutting interest rates. Both pose potential challenges in an economy where inflation has edged slowly closer to the Fed's 2% target without the recession and large rise in unemployment that some central bank officials felt would be needed for price pressures to ebb. The unemployment rate instead fell as low as 3.4% and ended 2024 at 4.1%, close to what many economists think the economy can support without reigniting price pressures; inflation has declined to perhaps just half a percentage point from the Fed's target.

Trump has vowed to "immediately begin the overhaul of our trade system" with tariffs on goods from Canada and Mexico.

December volumes were up 11% year over year, with global spot rates resting at $2.99 per kilogram.

China's luxury market declined by 18% to 20% in 2024, marking the end of a period of "exponential growth", with sales expected to remain flat this year, consultancy Bain and Company said at the launch of its latest 'China Luxury Report' on Tuesday. Discretionary items, including personal luxury goods, have been hard hit in China, which accounts for around a third of global luxury goods sales.