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Microsoft reported an earnings boost this week that had positive effects on the firm’s stock price. Shares of the company climbed 9% in Tuesday’s trading after the technology giant reported third-quarter results that exceeded most analysts’ predictio...

The troubles affecting the global banking sector may have faded into the background, but that does not mean the effects of recent disruptions are no longer evident. Credit Suisse said on Monday that $68 billion in assets have left the bank in the fir...

Big-tech giants Microsoft, Meta, Alphabet and Amazon are all expected to report earnings this coming week. Investors in key markets will be watching closely as global focus moves away from bank earnings.With lingering uncertainty about the Federal Re...

The EU Parliament has passed a groundbreaking cryptocurrency bill known as the Markets in Crypto Act (MiCA). The legislation will become law in 2024, putting the EU ahead of the US and UK. The legislation will primarily protect crypto traders by...

UK inflation stayed above 10% in March, much higher than inflation in the US and Europe. Food prices climbed sharply, with bread prices rising at a record pace.Consumer prices in the third month of the year climbed 10.1% compared to a year ago. This...

Apple Inc has partnered with Goldman Sachs to launch a new high-yield savings account that offers a 4.15% interest rate, more than 10 times higher than the US national average. The move is the latest sign that the technology giant is canvassing tradi...

Shares of Google’s parent company Alphabet slumped more than 3% on Monday after a concerning report suggesting its search powerhouse could surrender significant market share to AI-powered rivals, especially Microsoft’s Bing.Mobile phone giant Samsung...

Tesla CEO Elon Musk said on Sunday that the electric automaker had now produced three million cars during its lifetime. The first-ever Tesla rolled off the line in 2009. The model, known as the Roadster, initially cost about $109,000. Today, after al...

Hong Kong is trying to rediscover its lost status as a financial hub by rolling out the red carpet to mainland-China crypto firms. After bankers and financial services experts left Hong Kong in droves in fear of tight COVID-19 curbs, leaders of the i...

US annual inflation based on the Consumer Price Index (CPI) dropped in March for the ninth consecutive month. Prices climbed just 5% for the 12 months ending in March, a drop from a reading of 6% in February.Annual CPI slid to its lowest rate since M...

The price of Bitcoin rose on Tuesday, reaching the important psychological threshold of $30,000, as investors awaited new inflation data later in the week that could have a bearing on crypto prices.Bitcoin, the biggest cryptocurrency by market cap, j...

All five of the world’s largest computer makers – Apple, ASUS, Dell, HP and Lenovo – reported double-digit falls in first-quarter shipments, reflecting weaker demand and persistent inventory woes. Apple’s decline was the biggest, falling more th...

Job growth in the US came in line with market expectations, as non-farm payrolls grew by 236,000 for March, compared to the Dow Jones estimate of 238,000. Unemployment ticked lower to 3.5% in response to an increase in labor force participation. This...

In March of this year alone, nearly 120 tech firms globally, including the likes of Meta, Apple and Amazon, implemented layoffs across various departments. Mass layoffs across the tech industry had already kicked off last year as a broader economic d...

After Prime Minister Liz Truss drove the British pound to record lows last year, market watchers thought the currency would not recover for some time. Now the pound is enjoying a comeback, hitting its highest level against the US dollar in 10 months...