Despite hawkish BoE, investors don’t expect more hikes Friday’s GDP data expected to reveal slight contraction Employment and CPI data to follow next week Accelerating inflation may be the pound’s only hope Investors don’t buy Read more…
China’s inflation misses estimate RBA to release monetary policy statement on Friday The Australian dollar is unchanged on Thursday and is trading at 0.6401. This follows a three-day slide, in which AUD/USD has fallen 1.7%. Read more…
Market picture The crypto market continues to climb, rising 3.4% in the last 24 hours to $1.38 trillion. Bitcoin was again the driver, adding 3.8%. Altcoins are moving slower but up, adding between 1.7% (BNB) Read more…
The bitcoin rate exceeded USD 36,500 per coin for the first time in 2023. This is fueled by pending approval of Bitcoin ETF applications pending before the SEC. According to the latest information, SEC representatives Read more…
For the first time since 2008, the rate exceeded the level of 161 yen per euro. The strength of the euro and the weakness of the yen are contributed to by different policies of central Read more…
Tesla TSLA shares moved lower in pre-market trading after analysts at HSBC initiated coverage of the clean energy carmaker with a muted rating and a discounted price estimate, citing elevated investor optimism and challenging delivery targets. HSBC Read more…
Walt Disney DIS shares powered higher in early Thursday trading after the media and entertainment giant posted mixed fourth quarter earnings but forecast significant cash flow gains, alongside deeper cost cuts, that could restore the group’s dividend Read more…
Retail suppliers are essential to the survival of retailers, since without adequate inventory to sell, stores can’t generate necessary revenue to remain in business. Suppliers occasionally have hard times and sometimes need to file bankruptcy Read more…
Apple AAPL shares slipped lower in early Thursday trading after Europe’s top court ruled that officials should review a potential $14 billion tax bill levied against the tech giant after it was tossed by judges from a Read more…
ECB Vice President Luis De Guindos said in an interview that by holding interest rates steady “at their current level”, ECB anticipates a significant impact on taming inflation to target of 2%. This comes as Read more…