Summary The European Central Bank (ECB) today joined the growing group of advanced economy central banks that have begun their monetary easing cycles, lowering its Deposit Rate by 25 bps to 3.75%. ECB policymakers cited Read more…
Photo by Dan Seifert / The Verge Apple has committed to providing a minimum of five years of iPhone security updates, as reported earlier by Android Authority. The disclosure comes as part of Apple’s plan Read more…
The U.S. job market is running out of steam but remains resilient enough to likely deliver the kind of soft landing the domestic economy needs heading into the back half of the year. Friday’s crucial Read more…
Nordstrom (JWN) , famous for its high-end apparel and accessories, is pointing fingers at an incentive it offers to its loyal customers for draining its pockets. After reporting a net loss of $39 million in Read more…
Markets After the Swiss National Bank (March), the Swedish Riksbank (May) and the Bank of Canada (yesterday), the ECB today is the next in line among central banks from developed economies to reduce policy restriction. Read more…
Sam’s Club and Costco operate nearly identical businesses: Both are membership-based warehouse clubs, and to shop at either chain you need to pay an annual fee. When you join you get access to no-frills warehouses Read more…
The European Central Bank cut all three of its key interest rates by 25 points, which is in line with market expectations. The ECB has kept rates unchanged for the past nine months and tightened Read more…
TheStreet’s Conway Gittens talks Nvidia (NVDA) latest business headlines from the floor of the New York Stock Exchange as markets open for trading Thursday, June 6. Related: Why a veteran fund manager sold some Nvidia Read more…
Daily Pivots: (S1) 1.0851; (P) 1.0872; (R1) 1.0889; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the Read more…
Following ECB’s decision to lower interest rates by 25 bps, a move that aligned with market expectations, Euro remained relatively steady within its near term trading range. ECB President Christine Lagarde, speaking at the post-meeting Read more…