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announcing another round of price cuts for select models in the booming Chinese market, intensifying the ongoing price tussle in the world's largest automobile market.The company announced a marked price reduction for its Model Y, with two variants set for ...

The 10-year US Treasury bond yield, which recently broke past the key 4% mark, kept rising last week and now rests at 4.16%, up from 2.87% a year ago.Bond yields play a vital role in most stock price models. In ...

The UK economy saw a small growth in the quarter ending June 30, thanks to sharp gains in manufacturing, as well as increased spending by consumers and the government.On Friday, the Office for National Statistics reported a 0.2% increase in ...

The Walt Disney Company is raising prices for its Disney+ streaming service, following its third-quarter report showing financial struggles in almost all areas except international parks.Starting October 12, the ad-free subscription for Disney+ will cost nearly 30% more each month. ...

In a worrying economic shift, China's consumer prices last month fell for the first time in over two years, a telltale sign of the slowing economic recovery following the global pandemic. Recent figures reveal a deflationary trend that threatens to ...

Moody's is currently reviewing the credit ratings of six major U.S. banks, including Bank of New York Mellon, State Street, and Northern Trust, for a possible downgrade. The agency announced late Monday that this decision is due to ongoing strain ...

Last week was a rollercoaster for global markets. Investors in the United States and Asia were jolted by several worrying signs, including a downgrade of the U.S. credit rating, an increase in Treasury yields, and China's lack of a decisive ...

Apple's quarterly earnings edged slightly higher in its quarterly report this past Thursday, despite another decrease in overall revenue. The results were buoyed by a standout performance from itsservices sector, which managed to offset a dip in iPhone sales.While iPhone ...

Global equities tumbled Wednesday following a decision by Fitch, the ratings agency, to reduce its credit score for the United States, highlighting "a consistent degradation in governance standards" and the mounting debt load of the US government.Japan's Nikkei 225 index ...

After starting the year with around $66 billion, the market capitalization of the world's largest stablecoin is now approaching the $84 billion threshold.In May, Tether Holdings Ltd. released its quarterly assurance report, revealing a net profit of nearly $1.5 billion ...

The euro-area economy is growing again. Gross domestic product across the 20 countries that share the euro currency rose by 0.3% in the second quarter, compared with the previous three months.GDP in the euro area had fallen by 0.1% in ...

In a move that stirred markets on Friday, Japan's central bank maintained its current interest rates, ignoring escalating inflation signs. However, it gave subtle indications toward a possible shift from its long-standing ultra-low interest rate regime in the future. This ...

Bitcoin has hit a fresh record high in terms of the supply held by long-term investors, according to recent data. Despite an anticipated interest rate increase by the Federal Reserve, the crypto giant's price continues to hold steady.Analysts have determined ...

India's Tata Group has unveiled plans to build a $5.2bn electric vehicle (EV) battery gigafactory in the United Kingdom, aiming to power its Jaguar Land Rover production lines. This initiative delivers a significant shot in the arm for the UK ...

American Airlines released an optimistic earnings outlook for 2023 on Friday, raising its full-year per-share prediction to between $3 and $3.75, in line with Wall Street's expectations. This upbeat revision, reflective of a fruitful peak travel season, aligns the airline ...