News

Tue, 22 Aug 2023 06:30:05 GMT

UK allows VMware acquisition

United Kingdom's authorities have allowed the Broadcom's acquisition of VMware for a total of $69 billion.

Mon, 21 Aug 2023 14:30:03 GMT

Markets wait for NVidia earnings

This week, equity markets were waiting for the publication of NVidia quarterly results. The company has previously announced expectations of stunning profits due to global demand for AI.

Mon, 21 Aug 2023 12:10:58 GMT

China continues to cut interest rates

The Peoples Bank of China has announced a new policy interest rate cut. However, the cut was only 0.10%, which surprised the markets that were expecting 0.15% cut.

Thu, 17 Aug 2023 06:30:05 GMT

Burry shorts the market

The Big Short Michael Burry has been revealed to be holding S&P 500 and Nasdaq 100 put options.

Wed, 16 Aug 2023 14:30:04 GMT

Fitch issues major warning

The rating agency Fitch has announced that it could reduce the ratings of multiple US banks, including JPMorgan.

Wed, 16 Aug 2023 12:30:04 GMT

Inflation grows in Canada

This week, it was revealed that inflation in Canada has reached 3.3% mark on a month on month basis. Inflation has continued to remain stubbornly high despite the Reserve Bank of Canada attempting to reduce it.

Wed, 16 Aug 2023 10:30:04 GMT

China suspends bad economic data

As the Chinese youth jobless rate hit a new record high, the Chinese authorities have decided to stop publishing the data set.

Wed, 16 Aug 2023 08:35:03 GMT

Tesla continues to reduce prices

The electric vehicle maker Tesla has announced new cheaper Model S and X versions for the sale in the United States that would have reduced driving ranges.

Wed, 16 Aug 2023 08:30:04 GMT

Binance asks for protection against SEC

Binance has filed a request for a court order against the US Securities and Exchange Commission. The exchange claims that the regulator has been filing unduly burdensome requests for information.

Wed, 16 Aug 2023 06:30:05 GMT

China cuts interest rates

The Peoples Bank of China has reduced its monetary policy rate in an effort to stimulate the economy. The country's economy has been struggling despite the reopening after the COVID-19 restrictions.

Tue, 15 Aug 2023 16:18:51 GMT

VinFast surges on NASDAQ debut

On Tuesday, the stock price of Vietnamese electric vehicle producer VinFast surged, as the company debuted its equity on NASDAQ.

Mon, 14 Aug 2023 14:30:04 GMT

US crack downs on money laundering

The US Treasury Department has revealed that it would soon propose new rules that would end anonymous luxury home purchases that are supposedly used for money laundering.

Mon, 14 Aug 2023 12:30:04 GMT

US mortgages show positive signs

United States mortgage delinquency rates have continued to decline and most recently reached all-time low levels. The low rate has been attributed to a strong job market and low interest rates prevailing on a majority of mortgages.

Mon, 14 Aug 2023 10:30:04 GMT

UBS comments on government protection

The largest Swiss bank UBS has revealed that it will not need the 9 billion CHF government subsidy for the Credit Suisse takeover.

Mon, 14 Aug 2023 08:30:04 GMT

Turkey battles inflation

Economists have revealed that due to the reversal of Turkish economic and monetary policy, inflation could slow down to a pace from 5.5% up to 8.5%.

Mon, 14 Aug 2023 06:30:04 GMT

VinFast prepares for listing

The Vietnamese electric vehicle producer VinFast has received the approval for a Nasdaq SPAC listing. The company is set to start trading as soon as this week.

Fri, 11 Aug 2023 14:30:04 GMT

China enters deflation

As the government economic stimulus measures have continued to fail, the Chinese economy has experienced deflation for the first time in two years.

Fri, 11 Aug 2023 12:32:53 GMT

United States publish Producer Price Index

The United States officials have published the monthly Producers Price Index change. The Dollar reacted to the news with an initial move upwards.

Fri, 11 Aug 2023 12:30:05 GMT

US restricts investment in China

It has been reported by Reuters that the White House intends to restrict US investments in China. Namely, investing in sensitive technology might be forbidden.

Fri, 11 Aug 2023 08:30:03 GMT

Rivian increases target

The electric vehicle maker Rivian has increased its 2023 production target and reassured its stakeholders that the company has enough liquidity for growth.

Fri, 11 Aug 2023 07:15:33 GMT

UK GDP reveals notable recovery

The United Kingdom has published its monthly Gross Domestic Product data. The UK economy was expected to have grown by 0.2%. However, it turned out that the country has recovered in economic scale by 0.5%. The event caused a sharp surge of the GBP/USD of 0.22%.

Fri, 11 Aug 2023 06:30:04 GMT

Sony profits decline

Sony has revealed that the company has experienced a drop in quarterly profits due to a major decline in its move business.

Thu, 10 Aug 2023 14:30:05 GMT

PayPal launches cryptocurrency

The payments firm PayPal has announced that it would launch a new dollar backed stablecoin. The news boosted the company's share price.

Thu, 10 Aug 2023 12:37:33 GMT

United States publish inflation data

The US Bureau of Labor Statistics has just released the US monthly Consumer Price Index change. Namely, the inflation data has been published. The US Dollar index reacted to the news with an initial drop, as it plummeted below 102.00

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