Illustration by Alex Castro / The Verge Spotify and a group of European companies are calling on the European Commission to take “swift and decisive action” against Apple over what they describe as anti-competitive practices Read more…
St. Louis Fed President James Bullard said in an online WSJ interview, “we’re almost into a zone that we could call restrictive – we’re not quite there yet.” Fed will wants to make sure that Read more…
The CEO of Tesla and SpaceX promises that humans will soon live on Mars. But his technological ambitions have limits. Elon Musk sees himself as a visionary, aiming to transform civilization as we know it Read more…
As Wall Street reacts to the December PPI data, find the latest analysis on the first hour of trading live at 10:30 ET from the New York Stock Exchange. More on Today’s Top Stories: Retail Read more…
The Euro was underperforming yesterday after press reports that the ECB was planning to hike by 25bps in March. That’s quite a long time away, and it’s just a rumor. But it could have an Read more…
Markets The Bank of Japan stuck to its ultra-easy monetary policy this morning, pushing back against heavy market speculation that the central bank would take or at least announce further steps towards policy normalization. Japanese Read more…
The software giant is the latest tech company to drastically cut costs to adapt to the economic downturn. For the technology sector the focus at the beginning of 2023 looks much like that of the Read more…
US futures Dow futures +0.04% at 33926 S&P futures +0.2% at 3999 Nasdaq futures +0.3% at 11597 In Europe FTSE -0.01% at 7845 Dax +0.18% at 15200 Hawkish Fed bets ease after soft data US Read more…
The British pound is in full flight on Wednesday. In the North American session, GBP/USD is trading at 1.2393, up 0.86%. UK inflation slows UK inflation eased for a second straight month in December. Headline Read more…
Retail sales fell by 1.1% in December from a downwardly revised decline of 1.0% in November – below the consensus forecast for a -0.9% pullback. Motor vehicle & parts dealers reported a 1.2% m/m decline Read more…