Surprise drop in French inflation signals potential ECB rate cut
Consumer prices in France took a surprising dip, offering a welcome respite to wallets feeling the strain. The French statistical office INSEE confirmed that annual [more…]
Category: Investing & Markets
DraftKings beats the odds, revenue up despite NFL setbacks, raises 2024 guidance
DraftKings, the popular sports betting company, faced a challenging quarter as it fell short of Wall Street’s expectations. Despite missing estimates on both the top [more…]
Coinbase up12% as the company reports first profit in two years
Coinbase surged 12% on Friday in U.S. premarket trading after the company revealed its first profit in two years. The largest U.S. exchange for buying [more…]
Germany rises to third-largest economy, as recession hits Japan
Japan’s economy has been facing a challenging path to recovery, and recent data shows that the country has unexpectedly slipped into a recession, losing its [more…]
Britain’s economy enters into a recession
In the wake of the global COVID-19 pandemic, Britain’s economy faced another setback, slipping into a recession in the latter half of 2023. Official data [more…]
Bitcoin market cap surpasses $1 trillion as price hit $51,000 mark
On Wednesday, the total value of all bitcoins in circulation exceeded $1 trillion for the first time since late 2021. This milestone was accompanied by [more…]
Lyft stocks higher despite earnings report error
In a rollercoaster of events, Lyft shares were 20% higher in premarket trade Wednesday, retaining some gains after the company announced a major error in [more…]
Nikkei hits 34-year high on strong corporate earnings and technology surge
In a remarkable rise, Japan’s Nikkei share average reached a fresh 34-year high on Tuesday, marking its highest level since January 1990. The index closed [more…]
Bitcoin price surges above $50,000, its highest level in over two years
Bitcoin, the world’s most famous cryptocurrency, is making headlines again, soaring past the $50,000 mark on Monday, its highest level in over two years. The [more…]
New Zealand’s bank chief slams stablecoins as unstable currency alternatives
In a refreshing departure from typical central bank rhetoric, Adrian Orr, the governor of the Central Bank of New Zealand, has taken a bold stance [more…]