Cable dips to one-month low in early Monday, in extension of Friday’s post-US CPI 1.4% drop. Risk aversion dominates at the start of the week and deflates sterling, while dollar was boosted by continuous rise Read more…
The British pound is down sharply at the start of the week, as US inflation and weak UK numbers are weighing on the pound. In the European session, GBP/USD is trading at 1.2174 down 1.16% Read more…
“While consumer demand for Revlon’s products remained strong, supply chain challenges are putting pressures on our ability to meet this demand,” CEO Debra Perelman told investors on May 7. Revlon (REV) – Get Revlon Inc. Read more…
For All Mankind’s third season just started. | Image: Apple The first season of For All Mankind, the science fiction alternate history show from Battlestar Galactica creator Ron D. Moore, is now available to stream Read more…
The Federal Reserve may have to choose between taming inflation and risking recession following last week’s faster-than-expected May CPI reading. U.S. equity futures plunged lower Monday, while Treasury bond yields surged to the point where Read more…
The US dollar index continued rallying on Monday morning as the strong inflation numbers pushed more people to worry about a recession. The numbers revealed that the country’s inflation jumped to the highest point since Read more…
Celsius Network has suspended the withdrawals. Nexo, another crypto platform, has just made an offer to buy its assets. Fuzziness reigns in the crypto planet. Is crypto lender Celsius Network insolvent? On the night of Read more…
Its LaMDA system is built to make AI more conversational. | Photo by Amelia Holowaty Krales / The Verge Google has placed one of its engineers on paid administrative leave for allegedly breaking its confidentiality Read more…
GBPUSD is trading near 1.2250, losing about 3% in the last four trading sessions. Pressure on the pound intensified on Monday, releasing a disappointing set of statistics. Monthly estimates showed the economy shrinking by 0.3% Read more…
Celsius said it would freeze crypto withdrawals “to put Celsius in a better position to honour, over time, its obligations” as bitcoin prices collapsed to a December 2020 low. Bitcoin prices retreated sharply in overnight Read more…