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The British pound is on track to be one of the best-performing currencies this year, with the GBP/USD pair reaching a two-and-a-half-year high of $1.32 in late August. Analysts anticipate this upward trend will continue through the end of 2024, ...

In August, Chinese electric vehicle (EV) giant BYD achieved a new sales milestone, selling 370,854 passenger vehicles, a 30% year-on-year increase. This growth was largely driven by a 48% surge in hybrid vehicle sales, now accounting for nearly two-thirds of ...

Dell Technologies exceeded Wall Street's expectations in its fiscal second quarter, driven by an impressive 80% surge in server sales, particularly those catering to artificial intelligence applications. The company reported revenue of $25.06 billion, surpassing the anticipated $24.53 billion, while ...

Germany's harmonized consumer price index (CPI) fell unexpectedly to 2% in August, a notable decrease from July's 2.6% and lower than the 2.3% predicted by analysts. The data indicates a slowing inflation rate, with the CPI dipping by 0.2% monthly. ...

Nvidia is set to report its second-quarter earnings for fiscal 2025, with investors keenly watching for updates on its Blackwell chip despite recent delays. Nvidia’s stock has surged 161% this year, including a 35% jump since its impressive first-quarter results, ...

Shares of PDD Holdings, the parent company of Temuand Pinduoduo, plummeted by nearly 29% following the release of its second-quarter earnings. The company's stock experienced its largest one-day loss since listing on the Nasdaq, dropping 28.57% as revenue fell short ...

The yield on the U.S. 10-year Treasury fell to 3.788% on Monday, continuing its recent downward trend as markets digest Federal Reserve Chair Jerome Powell's comments that signaled potential rate cuts. The 10-year yield slipped by approximately 2 basis points, ...

In July, BMW emerged as the European electric vehicle market leader, overtaking Tesla for the first time. The German automaker sold 14,869 fully electric cars, marking a significant 35% year-on-year increase, while Tesla's sales dropped by 16%, totaling 14,561 vehicles. ...

U.S. crude oil prices held steady above $72 per barrel on Thursday, reflecting a modest 0.91% yearly increase. This comes after a period of volatility driven by weakening demand in China and renewed concerns about the U.S. economy. In contrast, ...

Eurozone inflation increased to 2.6% year-on-year in July, slightly up from 2.5% in June. This rise beat initial economist estimates of 2.4% and reinforced concerns about persistent inflationary pressures within the bloc. Core inflation, which excludes volatile items such as energy ...

The European Union has revised its planned tariffs on Chinese electric vehicles (EVs), reducing the import duties on Tesla vehicles manufactured in China to 9%, down from an originally proposed 20.8%. This decision follows Tesla's request to adjust the tariffs ...

Gold prices have reached historic highs, driven by expectations of lower interest rates and growing demand for safe-haven assets. In contrast, base metals like copper have faltered due to sluggish economic growth, particularly in China. Last Friday, gold spot prices soared ...

Germany's economic sentiment sharply declined in August, as the respected ZEW Economic Sentiment Index dropped from 41.8 points in July to 19.2 points. This 22.6-point plunge reflects growing pessimism about the country’s economic outlook, which extends across the eurozone. The broader ...

Japan's economy saw a robust recovery in the second quarter, expanding at an annualized rate of 3.1%, far surpassing the anticipated 2.1% growth. This rebound followed a revised 2.3% contraction in the first quarter, driven by a strong rise in ...

The British pound retreated after weaker-than-expected July inflation data signaled the potential for further interest rate cuts by the Bank of England. The pound fell by 0.22% against the US dollar and 0.18% against the euro. The data showed a ...