The European Central Bank signaled its intention to rise its interest rates by 50 basis points in each of its next two meetings. According to economists polled by Reuters, the ECB would stop such hikes when the deposit rate hits 3.25% next quarter.
55 of 59 economists polled expect the...
The U.S. dollar remained stable on Monday morning, thereby maintaining its gains from a fifth consecutive week of rises. The dollar index was unchanged at 104.18, having risen 0.18% the previous week. The euro rose slightly against the greenback to $1.0783 while the British pound was up 0.17% at...
Oil futures enjoyed a strong start to 2021, achieving a 5% rise on Tuesday. This marks the first occasion on which U.S. prices rose above $50 since February of last year.
This has led to an agreement being reached by the Organization of the Petroleum Exporting Countries to suppress production...
Automotive technology firm Veoneer confirmed in a statement on Thursday that it had reached a collaboration deal with wireless technology giant Qualcomm. This agreement has been in the works since the companies entered into discussions in August of 2020.
Veoneer CEO Jan Carlson expressed his satisfaction over the new deal,...
SoftBank Group Corp. reported a 1.93 trillion yen ($17.7 billion) quarterly profit for the three-month period ending March 31st, resulting in the company setting the record for the largest ever net quarterly profit for a Japanese company. According to data, the majority of the conglomerate company's profit was generated...
The S&P 500 and Nasdaq gained on Wednesday as U.S. technology stocks recovered from a round of recent losses. This rebound was largely spurred on by renewed investor confidence following the release of positive economic data.
The latest Labor Department data prior to the holiday closure showed that weekly initial...
The sterling remained steady on Wednesday morning after data from mortgage lender Halifax showed an annual drop in UK house prices for the first time since 2012.
During the morning session, the British pound remained steady against the U.S. dollar at $1.242, showing signs of restabilizing following a 0.2% drop...
Stocks on the New York Stock Exchange opened lower on Wednesday after the corporate earnings season got off to a disappointing start. The benchmark S&P 500 slumped by 1.4%, while the tech-heavy Nasdaq Composite index plummeted 2.1% lower. The Dow Jones Industrial Average slipped 0.9% lower.
Google holding company Alphabet...
With the Boeing 737 MAX expected to take flight in European skies at the end of 2020, General Electric Company (GE) shares enjoyed a steep rise of more than 6% heading into the new week. This increase comes because of GE’s aerospace division being placed in charge of the...
With its official London Stock Exchange trading debut to commence on Wednesday, fintech company Wise is expected to receive a market capitalization of 7 billion pounds ($9.66 billion). This comes after it was indicated that the company's Class A shares would open at 750 pence (approximately $10) each at...