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Food price inflation, albeit slowing, is still high in many parts of the world. In Italy, compared with last year, pasta prices jumped by just over 12% in June. In the UK, a block of cheddar cheese was 38% more expensive than in May of last year.&nbs...

Stock futures in the technology and banking sectors are having a strong run in the lead up to the end of the second quarter and first half of the year.The Dow Jones Industrial Average futures are up by 150 points, or 0.45%. S&P 500 futures have g...

UBS Group is planning to slash more than half of Credit Suisse's workforce starting next month. The cuts will primarily be felt by bankers, traders, and support staff in Credit Suisse's investment branch locations in Londonand New York, although almo...

Delta Airlines announced on Tuesday that it had increased its second-quarter forecast and expects its full-year adjusted earnings to reach $6 per share, which is at the higher end of the estimates it provided last April. This positive outlook is driv...

Turkey's central bank has raised its key interest rate by a substantial 650 basis points, up to 15%, the first increase since early 2021.After President Recep Tayyip Erdogan’s re-election, his government is now embarking on a new economic policy dire...

The Bank of England (BOE) raised interest rates by half a percentage point on Thursday due to unexpectedly persistent inflation. This move will put more strain on people with mortgages and will load additional pressure on house prices.With this 13th...

More Americans than ever are saving for retirement, and an increasing number of them are doing this through investments in 401(k) plans. This trend has brought about a significant change in the investment landscape, as power on Wall Street has become...

Wall Street firms, including Fidelity Digital Assets, Charles Schwab, and Citadel Securities, have backed a new institutional crypto exchange platform, known as EDX Markets.Just days after the U.S. Securities and Exchange Commission (SEC) sued two of...

The UK's economy is stuck in a growth "doom loop" from decades of insufficient investment by both the government and businesses, says the Institute for Public Policy Research (IPPR). According to the think tank, the UK has contributed $500 billi...

France is actively positioning itself as the go-to destination for artificial intelligence (AI) technology in Europe.French President Emmanuel Macron said in a recent television interview, “I think we are number one in AI in continental Europe, and w...

Investors were looking for clues on the future directionof interest rates and eagerly awaited data that could shed light on the state of the economy, leading to an increase in shorter-term Treasury yields on Friday.The 2-year Treasury yield experienc...

Cryptocurrency prices tumbled after the Federal Reserve’s June meeting, with Bitcoin sliding below $25,000 for the first time since March.On Thursday, Bitcoin was weaker by around 4% at $24,866.92, while Ether slid more than 5% to $1,632.47. Altcoins...

In its latest medium-term market report, the International Energy Agency (IEA) has predicted that global oil demand will trickle nearly to a halt by 2028.The agency forecasts that global oil demand will rise by 6% from 2022 to reach 105.7 million bar...

Toyota’s stock price spiked 5% Tuesday after the company announced it will introduce a full lineup of battery electric vehicles with “next generation” batteries from 2026.Manufactured in a new plant named BEV Factory, the company is aiming to produce...

Factories in the United States and the eurozone experienced a decline in new orders for manufactured goods in May as they worked through a backlog of orders, creating uncertainty about the manufacturing industry globally.In the US, the manufacturing...