Cryptocurrencies
US initial jobless claims rises slightly to 230k
US initial jobless claims rose 2k to 230k in the week ending September 7, slightly below expectation of 231k. Four-week moving average of initial claims rose 500 to 231k. Continuing claims rose 5k to 1850k Read more…
Cryptocurrencies
ECB cuts deposit rate by 25bps to 3.75%
ECB followed expectations by lowering the deposit rate by 25 bps to 3.75%. The main refinancing rate was adjusted to 3.65%, as the spread between the two rates is now set at 15 bps. Moving Read more…
Cryptocurrencies
Tesla rival’s new EV may be its last chance to take down Elon
California-based EV automaker Lucid (LCID) and its chief rival Tesla (TSLA) are the only two EV manufacturers that have achieved anything of this high caliber: producing a car worthy of Car and Driver’s prestigious 10Best list. Read more…
Cryptocurrencies
MTV turns to innovative AI for money
MTV is coming up with new ways to generate more revenue after its parent company recently entered a merger agreement that is still under regulatory scrutiny. Paramount Global, MTV’s parent company, has been struggling with Read more…
Cryptocurrencies
Analysts overhaul Micron stock price targets amid post-earnings slump
Micron Technology shares moved lower in early Thursday trading following a rare double downgrade for the AI-memory-chip maker as it continues to suffer its long summer slump. Micron (MU) , which has underperformed its chipmaking rivals Read more…
Cryptocurrencies
(ECB) Monetary policy decisions
The Governing Council today decided to lower the deposit facility rate – the rate through which it steers the monetary policy stance – by 25 basis points. Based on the Governing Council’s updated assessment of Read more…