Nio said that it is accelerating the deployment of its power network as it looks to increase adoption. Nio (NIO) – Get NIO Inc. (China) Report, a Chinese electric vehicle (EV) maker, struggles in a Read more…
The Bank of England is widely anticipated to raise interest rates to 0.50% on Thursday when it announces its decision at 12:00 GMT. Having already lifted the Bank Rate in December, the expected hike in Read more…
US ISM Manufacturing index dropped -1.2 pts to 57.6 in January, slightly better than expectatio nof 57.5. New orders dropped -3.1 to 57.9. Production dropped -1.6 to 57.8. Employment rose 0.6 to 54.5. Prices rose Read more…
Markets Short-term yields in the US and Europe finally took a breather after a sharp hawkish repositioning. Fed Powell at last week’s policy meeting signaled the Fed would accelerate policy normalization as inflation is rising Read more…
Stocks point to a mildly stronger start after a rough ride in January. Fed speakers calm fears of an overly aggressive approach to tightening. US futures Dow futures +0.02% at 35110 S&P futures +0.08% at Read more…
Dollar loses ground after Fed officials rule out aggressive hike The dollar’s weakness is resuming today as an increasing number of Fed officials downplayed the possibility of a 50 basis points rate hike in March, Read more…
The Canadian economy expanded by 0.6% (month/month) in November, well ahead of Statistics Canada’s flash estimate of 0.3% and consensus expectations for 0.4%, respectively. The release means that Canada’s real GDP is now 0.2% above Read more…
GDP rose 0.6% in November, back above pre-pandemic (Feb/20) levels Early estimate of December output ‘little changed’; Q4 growth tracking close to our 6.0% (annualized) forecast GDP data to look softer in January, but economic Read more…
Gamers, accustomed to micro-transactions and loot boxes within games, oppose NFTs which they see as a moneymaking scam. Video game publisher Ubisoft, one of the major players in the sector, launched Quartz, a platform that Read more…
The Sonos Move can be used indoors via Wi-Fi, or connected to your devices over Bluetooth. | Photo by Dan Seifert / The Verge Sonos deals can be hard to come by, but right now, Read more…