Meyka’s Latest updates keep you informed about market moves!
The average U S 30-year fixed mortgage rate is now around 6 .63 %, its lowest since April 2025, according to Freddie Mac data for the week ending August 7 2025. That’s a mild relief but still above the much-hoped-for 6 % mark. Why is it not at 6 % yet? Mortgage rates tend to…
The global outsourcing sector is worth around $283 billion, and it plays a vital role in global business services. India is a major part of this story. A big name, Tata Consultancy Services (TCS), is now cutting about 12,000 jobs, roughly 2% of its workforce, mostly mid- and senior-level roles. We see this as a…
We’ve seen Japan’s stock indices hit new highs. The Nikkei 225 surged 2% to 41,924.41, its best level since late July, while the Topix index crossed 3,000 for the first time, reaching 3,035.24. This rise came after strong quarterly earnings and clearer trade rules from the U.S., giving investors more confidence. In simple terms, Japan’s…
Cosco’s Bold Move into Panama’s Strategic Trade Hub China’s Cosco Shipping Holdings is reportedly eyeing a minimum 20% stake in a $23 billion Panama Canal ports project, according to credible sources cited by the Financial Times. The move marks a significant step for Cosco, one of the largest container shipping companies in the world, to…
The XRP market is on high alert. Over the past few weeks, whales, the term used for large cryptocurrency holders, have started unloading huge amounts of XRP. This move is happening just as the legal story around Ripple takes a major turn, creating a perfect storm of uncertainty for investors. For anyone watching the crypto…
In a shocking cybersecurity incident, Google has confirmed that it has been hacked, with user data stolen in what experts are calling one of the largest breaches in the company’s history. The news, first reported by Forbes, has sent shockwaves across the tech world and left millions of users worried about their online privacy. But…
Siemens has delivered a robust third-quarter performance, reinforcing its position as a global technology powerhouse. Backed by soaring demand in its mobility segment and improved operating efficiencies, Siemens posted a 28% increase in Q3 orders, with net income rising significantly due to healthy cash flow. This performance reflects its strong strategic positioning, particularly in the…
Intel stock took a sharp hit on a Thursday, falling nearly 5% in premarket trading. President Trump demanded that CEO Lip-Bu Tan resign immediately, calling him “highly CONFLICTED” due to reported ties to Chinese companies. This news, paired with Senator Tom Cotton’s concerns, has rattled the stock market and sparked questions about Intel’s future. The…
Toyota has just made a big move. Toyota cut its annual operating profit forecast by 16%, lowering it from ¥3.8 trillion to ¥3.2 trillion, which is approximately $21.7 billion. What’s behind this? A major $9.5 billion hit from global tariffs. This is a serious shift for one of the world’s top carmakers. Toyota is feeling…
In the last year, WPP cut around 7,000 jobs. That’s a big number for one of the world’s top advertising companies. It’s not just about layoffs; WPP is also facing lower profits and a tough business environment. As marketing shifts online, companies like WPP must change fast. But it seems they’re struggling. Big clients are…