A letter to advertisers explains to them what Musk wants to see from them in the future. Elon Musk tweeted a letter to Twitter advertisers this morning, explaining why he bought the social media company Read more…
Daily Pivots: (S1) 0.9989; (P) 1.0039; (R1) 1.0134; More… EUR/USD retreated after hitting 1.0092 and intraday bias is turned neutral first. Overall, rise from 0.9534 is still expected to continue as long as 4 hour Read more…
Euro softens broadly today after ECB delivered 75bps rate hike as widely expected. President Christine Lagarde delivered no specially hawkish message that could give Euro another lift. On the down hand, Dollar is recovering, with Read more…
As markets attempt to digest earnings from Meta ahead of more earnings from Apple and Amazon, catch the market news and analysis live. Watch TheStreet’s Market Open: More on Today’s Top Stories: Stock Market Today: Read more…
As we previously warned, major central banks worldwide that hold massive amounts of dollar securities are stepping up interventions to support their national currencies. On Wednesday, China, Japan, and Switzerland resorted to such measures. The Read more…
The second Swiss bank will cut up to 9,000 jobs by 2025 and raise $4 billion in capital, including from Saudi Arabia. It’s been a long wait but Credit Suisse (CSGKF) has finally revealed its Read more…
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US GDP grew at annualized rate of 2.6% in Q3, above expectation of 2.4%. PCE price index growth slowed from 9.0% to 4.1%, below expectation of 5.4%. BEA noted that the increase in real GDP Read more…
ECB raises interest rates by 75bps as widely expected. The main refinancing, marginal lending, and deposit rates are 2.00%, 2.25%, and 1.50% respectively, with effect from November 2. The central bank also maintains tightening bias, Read more…
The Governing Council today decided to raise the three key ECB interest rates by 75 basis points. With this third major policy rate increase in a row, the Governing Council has made substantial progress in Read more…