Image: Snapchat Snapchat is giving users more powerful video tools through a new feature called Director Mode. It’s available starting today globally for iOS and Android. Director Mode, first previewed in April, brings a handful Read more…
The second Swiss bank will cut up to 9,000 jobs by 2025 and raise $4 billion in capital, including from Saudi Arabia. It’s been a long wait but Credit Suisse (CSGKF) has finally revealed its Read more…
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US GDP grew at annualized rate of 2.6% in Q3, above expectation of 2.4%. PCE price index growth slowed from 9.0% to 4.1%, below expectation of 5.4%. BEA noted that the increase in real GDP Read more…
ECB raises interest rates by 75bps as widely expected. The main refinancing, marginal lending, and deposit rates are 2.00%, 2.25%, and 1.50% respectively, with effect from November 2. The central bank also maintains tightening bias, Read more…
The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress in Read more…
“As the macroeconomic landscape continues to evolve and uncertainties persist, we are operating from a position of competitive strength,” said CEO Chris Kempczinski. McDonald’s Corp. (MCD) – Get McDonald’s Corporation Report shares traded firmly higher Thursday Read more…
“We continue to execute on our strategy, invest in leading-edge science and drive innovation,” said CEO Robert Davis. Merck & Co. (MRK) – Get Merck & Company Inc. Report posted better-than-expected third quarter earnings Thursday, while Read more…
Why stop at wireless services when you can add a side of finance? | Image: Boost Mobile Dish Network-owned Boost Mobile is getting into financial services with the launch of OmniMoney, a basic banking service Read more…
Better-than-expected earnings for a host of Dow components has the average moving higher Thursday, but Meta’s collapse has tech in the red, with eyes on Apple and Amazon updates after the closing bell. Updated at Read more…