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Apple’s expectations for the iPhone 16 to revive its sluggish sales have faced early challenges, with pre-sale data showing a lukewarm consumer response. Estimates suggest Apple sold around 37 to 40 million units during the first week of pre-sales, a ...

Inflation in France and Spain dropped below 2% in September, the lowest in three years, raising expectations for additional rate cuts by the European Central Bank (ECB). In France, the EU-harmonised inflation rate fell to 1.5%, down from 2.2% in ...

The stock market reached new highs this week as investors flocked to riskier assets like tech stocks and cryptocurrencies, following the Federal Reserve’s decision to cut interest rates by 0.5%. This marks a shift from its aggressive rate hikes, which ...

Argentina's poverty rate surged to 52% in the first half of the year, reflecting the harsh effects of President Javier Milei's austerity measures aimed at addressing the country’s fiscal deficit. This represents a sharp increase from 41.7% at the end ...

Mercedes-Benz saw its shares fall nearly 7% on Friday after lowering its full-year outlook, primarily due to a sharp decline in Chinese demand. The company now expects earnings before interest and taxes (EBIT) to be "significantly below" last year’s figures, ...

Nvidia CEO Jensen Huang has completed the sale of over $700 million in company stock, months ahead of his prearranged plan. Huang had initiated a trading strategy in mid-March to sell up to six million shares by the end of ...

Global coffee prices are soaring due to devastating weather conditions in the world's two largest coffee-producing nations, Brazil and Vietnam. Brazil, which accounts for 40% of global coffee production, has been hit by severe drought, leading to a 20% drop ...

European Central Bank (ECB) President Christine Lagarde has projected inflation will reach the bank’s 2% target by mid-2025, crediting the "remarkable" reduction in price pressures over recent years with minimal job losses. Speaking at a recent event, Lagarde emphasized the success ...

The Federal Reserve made a significant move this week, reducing its benchmark interest rate by 50 basis points to a new range of 4.75%-5%. This half-point cut, the first since 2020, aims to lower borrowing costs on mortgages and credit ...

Cryptocurrencies rallied on Thursday, led by Bitcoin, following the Federal Reserve's half percentage point rate cut, the first such reduction in over four years. Bitcoin's price rose 3.5% to $62,417.48, extending a rally that began before the Fed's decision. Despite an ...

Gold prices are approaching record highs, supported by a weakened US dollar, global economic uncertainty, and escalating geopolitical tensions. Gold futures recently surpassed $2,600 per ounce for the first time and held steady, while spot gold touched $2,589 before settling at ...

Germany's economic sentiment took a steep downturn in September, with the ZEW Economic Sentiment Index falling from 19.2 points in August to just 3.6 points, the lowest since October 2023 and far below the forecast of 17 points. This decline highlights ...

This week marks a pivotal moment for central banks worldwide, with several poised to announce interest rate changes. The U.S. Federal Reserve’s two-day meeting, starting Tuesday, is at the forefront, with widespread expectations of a rate cut. While most traders anticipate ...

Europe’s stock markets saw a positive shift this week, driven by central banks’ rate cuts and promising economic data. The European Central Bank (ECB) delivered its second rate reduction of the year, spurring a market rally across Europe. The Euro ...

Oracle's stock surged 11% on Tuesday following a strong earnings report, continuing its upward momentum on Wednesday with a closing price of $157.10, a record high. This year, Oracle's shares have risen by 49%, making it the second-best performer among ...