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Consumer prices across the Eurozone's 20 nations held steady with a 5.3% year-on-year increase this August, as reported Thursday by Europe's official statistics agency. This inflation rate mirrors July's figures.Although core inflation, which exclude...

Crypto assets witnessed a significant surge on Tuesday, following a pivotal US court decision that paves the way for the country's first bitcoin exchange-traded fund (ETF).This landmark ruling serves as a boost for crypto enthusiasts while striking a...

Shares of Chinese automaker BYD listed in China jumped more than 5% Tuesday, a day after posting a stellar increase in first-half profit.Thanks to record deliveries, the Chinese electric car maker on Monday posted a 204.68% jump in net profit for the...

Shares of China Evergrande Group, the world's most debt-laden property developer, tumbled a staggering 87% upon opening on Monday, marking its first trades since March 21, 2022.Monday saw the stock drop to a paltry 22 Hong Kong cents, a steep drop fr...

In a surprising move on Thursday, Turkey's central bank ramped up its interest rate to a whopping 25%, signalinga departure from the unconventional economic policies of President Recep Tayyip Erdogan.This unexpected 7.5 percentage point hike comes ho...

Nvidia shares climbed 6% in extended trading on Wednesday after the chipmaker smashed estimates for its fiscal second quarter and issued optimistic guidance for the current period.Revenue in the second quarter doubled from $6.7 billion a year earlier...

European business activity witnessed a downturn in August, plunging to its weakest since November 2020, according to the data released Wednesday.The flash composite Purchasing Managers’ Index (PMI) for the euro zone took a dip, coming in at 47.0 in A...

In the rollercoaster world of cryptocurrencies — marked by price surges, plunges, and regulatory question marks — many regions have opted for strict oversight or outright rejection. Not Hong Kong. The semi-autonomous Chinese city-state is doubling do...

In a notable dip, the UK's annual inflation rate for July hit its lowest in 15 months, anchored by a decrease in energy costs, and aligning with economists' predictions, recent official data revealed.The Office for National Statistics (ONS) reported...

In a striking blow to China's once-dominant property sector, Evergrande Group, once the nation's second-largest property developer, announced its bankruptcy filing in New York this Thursday.Having defaulted on its substantial debts in 2021, Evergrand...

China's economy has hit a rough patch, signalingpossible global challenges. For nearly 20 years, China's economic surge has boosted the world's economy. So, if China's economic pace slows, the remainder of the world will feel its effects.According to...

Big-box retailer Target missed its revenue mark on Wednesday and cut its yearly revenue predictions as shoppers contended with reduced spending power in the face of high inflation.The retailer also lowered its yearly sales and profit goals. This dark...

announcing another round of price cuts for select models in the booming Chinese market, intensifying the ongoing price tussle in the world's largest automobile market.The company announced a marked price reduction for its Model Y, with two variants s...

The 10-year US Treasury bond yield, which recently broke past the key 4% mark, kept rising last week and now rests at 4.16%, up from 2.87% a year ago.Bond yields play a vital role in most stock price models. In the Capital Asset Pricing Model (CAPM),...

The UK economy saw a small growth in the quarter ending June 30, thanks to sharp gains in manufacturing, as well as increased spending by consumers and the government.On Friday, the Office for National Statistics reported a 0.2% increase in gross dom...