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The Bank of England (BOE) has cut interest rates for the first time since the pandemic, reducing the benchmark from 5.25% to 5%. This move, marking a significant shift after the longest series of rate hikes in a century, comes as a relief to househol...

Qualcomm's third-quarter earnings beat Wall Street expectations, driven by a solid 12% year-over-year increase in smartphone chip sales, its biggest and most critical business segment. The company's overall revenue for the quarter reached $9.39...

This year's orange harvest in Brazil, the world's largest exporter of orange juice, is projected to be the worst in 36 years due to severe flooding and drought.Orange juice prices have historically been volatile, fluctuating with the supply of orange...

McDonald’s has reported its first global sales drop in over three years as inflation-conscious consumers opt for cheaper alternatives and cut back on dining out. The fast-food giant saw a 1% decrease in worldwide sales during the April-June period, m...

Major tech earnings from Tesla and Alphabet are weighing on Wall Street, with futures indicating a lower opening on Wednesday. This negative sentiment is expected to extend to European markets.Tesla's shares dropped over 7% in extended trading follow...

Stellantis, the French-Italian-American automotive conglomerate, reported a significant drop in its first-half 2024 earnings. Net profit plunged to €5.6 billion, down 48% from the first half of 2023, and net revenue also fell 14% to €85.0 billion.Des...

Inflation has driven hotel prices and travel costs in Türkiye to unprecedented levels, prompting a surge of Turkish tourists to Greece. Turkey experienced a staggering 75.4% inflation rate in May, largely due to soaring costs in hotels, cafes, and re...

Tesla's profit for the second quarter plummeted over 40% from the previous year, reflecting the electric vehicle maker's struggle against intensifying competition and slowing EV sales growth. This decline marks unfamiliar territory for a company...

Spot ether exchange-traded funds (ETFs) are set to begin trading on Tuesday, sparking hope among crypto enthusiasts that it will broaden the investor base for Ethereum. These ETFs will invest directly in ether, the cryptocurrency used in the Ethereum...

Global stock markets, hampered by an extensive technology outage, ended the week negatively due to a significant decline in major technology stocks, particularly those in the semiconductor industry. This downturn is driven by the anticipation of rene...

The euro and the British pound surged against the US dollar, with gold prices hitting a new high before retreating on Wednesday. This shift comes from growing expectations of rate cuts by the Federal Reserve, which have weakened the dollar. Foll...

On Wednesday, tech stocks took a major hit as investors offloaded the giants driving this year's massive rally. The Nasdaq Composite index plunged by 2.8%, marking its steepest drop since December 2022. Meanwhile, the S&P 500 fell by 1.4%, c...

Shares of Novo Nordisk and Eli Lilly fell on Wednesday following the announcement of promising early-stage trial data from Roche’s latest obesity drug candidate. Roche reported that its experimental once-daily pill demonstrated an average weight loss...

The investing world is brimming with optimism about artificial intelligence. According to Goldman Sachs, tech firms, utilities, and other companies plan to spend over $1 trillion on AI infrastructure in the coming years. This enthusiasm is refle...

Goldman Sachs economists suggest that a second term for Donald Trump could significantly impact the euro area’s economy. Growing market expectations of a Trump win have prompted analysis of potential repercussions, particularly concerning trade polic...