Alphabet stock opens higher

Source: Dukascopy Bank SA
The stock price of Alphabet has started the day's New York trading with a gap up of 6.43% or $7.86. The surge of the company's value was caused by the company reporting better than expected second-quarter profit.
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Wed, 26 Jul 2023 18:11:38 GMT

US Federal Reserve hikes interest rate

The US Federal Reserve Federal Open Market Committee has just increased the Federal Funds Rate from 5.25% up to 5.50%. The increase was expected. In addition, the Fed has released the FOMC Statement, in which the rate decision's base is explained.

Mon, 31 Jul 2023 14:30:04 GMT

Biogen lays off employees

Biogen Incorporated has announced that it would fire nearly 1,000 employees or 11% of the company's workforce, as the company has started a new cost reduction program.

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