European majors are broadly under pressure today, with Swiss Franc leading losses. SNB’s unexpected 50bps rate cut caught markets off guard, and its significantly downgraded inflation projections suggest more easing is on the table for Read more…
Cathie Wood, who leads Ark Investment Management, usually targets tech stocks that she believes have disruptive potential, even if their valuations are high. Sometimes, she’ll cash in on stocks that have climbed for a while Read more…
Apple’s new Share Item Location is already integrated into the latest version of United Airlines’ mobile app. | Image: United Airlines Following the official release of Apple’s new Share Item Location feature with iOS 18.2 Read more…
Plant identification — now powered by ChatGPT. | Photo: Allison Johnson / The Verge I was about to okay my friend’s restaurant suggestion for lunch — an Indian place on 2nd — when Apple Intelligence Read more…
US PPI for final demand rose 0.4% mom in November, above expectation of 0.3% mom. Nearly 60% of the broad-based rise in final demand prices can be attributed to a 0.7% mom increase in goods. Read more…
US initial jobless claims rose 17k to 242k in the week ending December 7, above expectation of 221k. Four-week moving average of initial claims rose 6k to 224k. Continuing claims rose 15k to 1886k in Read more…
ECB cut its deposit rate by 25bps to 3.00%, aligning with market expectations. The overall decisions and economic projections reflect confidence in the ongoing disinflation process. Yet, he Governing Council reiterated its “data-dependent and meeting-by-meeting Read more…
12 December 2024 The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate – the rate through which Read more…
The EUR/USD pair declined to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data. The November US Consumer Price Index (CPI) showed a rise of 0.3% month-over-month, aligning with forecasts but Read more…
Adobe shares slumped lower in early Thursday trading following a host of price target changes on Wall Street following the cloud software group’s end-of-year earnings and fiscal 2025 outlook. Adobe (ADBE) has been of the Read more…