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The European Central Bank (ECB) is expected to lower its key interest rate by 25 basis points this Thursday, following a series of hikes that left the rate at 3.75%. This move comes just ahead of the U.S. Federal Reserve’s ...

Bitcoin strongly surged on Monday evening, rising above $57,000 following Wall Street’s recovery from its worst week of the year. After tumbling 9% last week—its worst weekly performance since August 2023—the cryptocurrency saw a 5.6% increase, reaching $57,449. The rebound ...

Treasury Secretary Janet Yellen expressed confidence in the robustness of the U.S. economy, adding that recent signs of cooling job growth indicate a soft landing rather than an impending recession. She noted that while there is a slowdown in hiring ...

OPEC+ has announced an extension of its oil production cuts, continuing to reduce output by 2.2 million barrels per day through November. This move comes as crude prices remain under pressure despite previous attempts to stabilize the market. Starting in ...

Volvo Cars adjusted its 2026 margin and revenue targets, stepping back from its ambitious goal of achieving 100% electric vehicle sales by 2030. The Swedish automaker, owned by China's Geely Holding, now projects an EBIT margin of 7-8%, a slight ...

The shares of stock market darling Nvidia have dropped by 2% in premarket trading following news of a Department of Justice (DOJ) antitrust investigation. This latest dip followed a more significant 10% drop during regular trading, which wiped nearly $279 ...

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, ...