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The U.S. Commerce Department is expected to report third-quarter gross domestic product this week. Analysts keenly await this measure, which is the broadest measure of economic output. Early indications point to a strong period of economic growth from July through ...

U.S. home sales dropped in September to the lowest level since the foreclosure crisis as surging interest rates and climbing home prices made buying a home more challenging.Historically low inventory of homes for sale continued to push prices up and ...

Tesla reported adjusted earnings of $2.3 billion in the quarter, or 66 cents a share, down 37% from a year earlier and the smallest profits it reported in two years. The company also missed on third-quarter revenue of $23.4 billion, up ...

Shares in Adidas gained 4% at the open on Wednesday after the sportswear company raised its guidance for the year in a surprise third-quarter results pre-release.The German sportswear giant projected a full-year operating loss of 100 million euros ($106 million), ...

Chinese technology firm Baidu has unveiled ERNIE 4.0, the newest version of its artificial intelligence chatbot that it directly compared to the most advanced versionof OpenAI’s ChatGPT.Company officials say the tool has significantly improved its understanding of queries, generation of ...

Data from independent think tank The Money Mongers has revealed that since 2011, crypto hacks have costthe industry $12.36 billion, 30.74% of which came from 192 cryptocurrency exchanges that cumulatively lost $3.8 billion to cybercriminals.The report highlighted that 297 crypto ...

Oil prices on Friday climbed more than 4% after the U.S. tightened sanctions against Russian crude exports. The U.S. on Thursday imposed sanctions on two shipping companies carrying Russian crude that it said violated the G7′s oil price cap of ...

Last month, U.S. Federal Reserve representatives reached a consensus on maintaining elevated interest rates for an extended period as part of their strategy to combat inflation, as revealed in recently released meeting notes.The discussion also included whether it was the ...

German sandals maker Birkenstock will launch on the New York stock exchange on Wednesday in an initial public offering (IPO).Shares in the company will be priced at $46. This would be in the middle of the company's $44-49 target, giving ...

A special OPEC+ panel recommended Wednesday that the oil cartel keep its current output reduction strategy unchanged after heavyweights Saudi Arabia and Russia vowed to maintain their cuts to keep prices elevated.The OPEC+ panel has no decision-making power but discusses ...

U.S. Treasury yields were little changed on Thursday, after pulling back from recent multi-year highs in the previous session, as investors waited for more economic data.The yield on the 10-year Treasury was down more than 1 basis point at 4.719%. ...

The index that tracks activity in the U.S. manufacturing industry showed a contraction for the 11th-consecutive month. However, the pace of contraction was the slowest in almost a year as companies prepare for traditionally higher consumer demand in the fourth ...

The British pound suffered its worst month against the U.S. dollar for a year in September, with analysts painting a gloomy future picture, as growth expectations weaken once again.The Sterling fell 3.75% against the dollar through the month, a decline ...

Bitcoin rose above $28,000 on Monday. The catalyst for the rise was not immediately clear. In other positive news for the crypto industry, several ether futures’ ETFs are set to launch on Monday. Crypto market watchers have been waiting to ...

German inflation experienced a decline this month, reaching its lowest point since the onset of the Ukraine conflict. This provides a slight ray of optimism while Europe's leading economy battles to recover from a downturn.Russia's invasion of Ukraine last year, ...