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Cryptocurrencies rallied on Thursday, led by Bitcoin, following the Federal Reserve's half percentage point rate cut, the first such reduction in over four years. Bitcoin's price rose 3.5% to $62,417.48, extending a rally that began before the Fed's decision. Despite an ...

Gold prices are approaching record highs, supported by a weakened US dollar, global economic uncertainty, and escalating geopolitical tensions. Gold futures recently surpassed $2,600 per ounce for the first time and held steady, while spot gold touched $2,589 before settling at ...

Germany's economic sentiment took a steep downturn in September, with the ZEW Economic Sentiment Index falling from 19.2 points in August to just 3.6 points, the lowest since October 2023 and far below the forecast of 17 points. This decline highlights ...

This week marks a pivotal moment for central banks worldwide, with several poised to announce interest rate changes. The U.S. Federal Reserve’s two-day meeting, starting Tuesday, is at the forefront, with widespread expectations of a rate cut. While most traders anticipate ...

Europe’s stock markets saw a positive shift this week, driven by central banks’ rate cuts and promising economic data. The European Central Bank (ECB) delivered its second rate reduction of the year, spurring a market rally across Europe. The Euro ...

Oracle's stock surged 11% on Tuesday following a strong earnings report, continuing its upward momentum on Wednesday with a closing price of $157.10, a record high. This year, Oracle's shares have risen by 49%, making it the second-best performer among ...

The European Central Bank (ECB) is expected to lower its key interest rate by 25 basis points this Thursday, following a series of hikes that left the rate at 3.75%. This move comes just ahead of the U.S. Federal Reserve’s ...

Bitcoin strongly surged on Monday evening, rising above $57,000 following Wall Street’s recovery from its worst week of the year. After tumbling 9% last week—its worst weekly performance since August 2023—the cryptocurrency saw a 5.6% increase, reaching $57,449. The rebound ...

Treasury Secretary Janet Yellen expressed confidence in the robustness of the U.S. economy, adding that recent signs of cooling job growth indicate a soft landing rather than an impending recession. She noted that while there is a slowdown in hiring ...

OPEC+ has announced an extension of its oil production cuts, continuing to reduce output by 2.2 million barrels per day through November. This move comes as crude prices remain under pressure despite previous attempts to stabilize the market. Starting in ...

Volvo Cars adjusted its 2026 margin and revenue targets, stepping back from its ambitious goal of achieving 100% electric vehicle sales by 2030. The Swedish automaker, owned by China's Geely Holding, now projects an EBIT margin of 7-8%, a slight ...

The shares of stock market darling Nvidia have dropped by 2% in premarket trading following news of a Department of Justice (DOJ) antitrust investigation. This latest dip followed a more significant 10% drop during regular trading, which wiped nearly $279 ...

The British pound is on track to be one of the best-performing currencies this year, with the GBP/USD pair reaching a two-and-a-half-year high of $1.32 in late August. Analysts anticipate this upward trend will continue through the end of 2024, ...

In August, Chinese electric vehicle (EV) giant BYD achieved a new sales milestone, selling 370,854 passenger vehicles, a 30% year-on-year increase. This growth was largely driven by a 48% surge in hybrid vehicle sales, now accounting for nearly two-thirds of ...

Dell Technologies exceeded Wall Street's expectations in its fiscal second quarter, driven by an impressive 80% surge in server sales, particularly those catering to artificial intelligence applications. The company reported revenue of $25.06 billion, surpassing the anticipated $24.53 billion, while ...