Cryptocurrencies
ECB Review: Cutting and Keeping
Today, the ECB decided to cut its three main policy rates by 25bp, which leaves the key policy rate at 3.75%. This cut follows a 9-month period with unchanged policy rates on the back of Read more…
Cryptocurrencies
European Central Bank Kicks Off Its Rate Cut Cycle
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…
digital
Apple will provide a minimum of five years of iPhone security updates
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…
Cryptocurrencies
Jobs report to highlight shift from hot inflation to cooling labor market
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…
Cryptocurrencies
Nordstrom blames recent financial loss on a deal shoppers love
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…
Cryptocurrencies
Sunset Market Commentary
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…
Cryptocurrencies
Sam’s Club ending unpopular policy still in effect at Costco
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…
Cryptocurrencies
ECB Starts Cuts Earlier and May Move Faster Than Fed
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…
Cryptocurrencies
Nvidia crosses $3 trillion market cap: How it became world’s second most valuable company
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…
Cryptocurrencies
EUR/USD Mid-Day Outlook
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…