The European Central Bank (ECB) has decided to pause its streak of interest rate hikes, marking the first time in over a year that rates have remained unchanged. This decision comes amidst ongoing uncertainty surrounding trade disputes with the United States. ECB President Christine Lagarde announced the bank is now in a “wait-and-see” mode, carefully […]
ECB Pauses Rate Hikes Amid Trade Uncertainty Read More »
Deutsche Bank’s shares have soared to their highest level in a decade following a report of better-than-expected trading results. This surge marks a significant milestone in the ongoing recovery of Germany’s largest bank under the leadership of Chief Executive Officer Christian Sewing. The bank has been focusing on its traditional strengths to boost profitability and
Deutsche Bank Shares Surge to Decade High Read More »
Donald Trump has denied claims he is seeking to harm Elon Musk’s business ventures as retaliation for their disagreements over US tax laws. The denial follows concerns that Trump might remove subsidies benefiting Musk’s companies. Trump stated on social media, “Everyone is stating that I will destroy Elon’s companies by taking away some, if not
Trump Denies Targeting Musk’s Business Empire Read More »
Intel has provided a better-than-expected revenue forecast for the current period, providing some optimism to investors awaiting a turnaround under new chief executive Lip-Bu Tan. The company projects third-quarter sales of between $US12.6 billion and $US13.6 billion, according to a statement released on Thursday (Friday AEST). This figure surpasses the average analyst projection, which was
Intel Forecasts Strong Revenue, Shares Rise Read More »
JPMorgan Chase & Co.’s trading desk anticipates the current rally in US equities to continue, despite concerns about inflated share prices and the resurgence of meme stocks. Andrew Tyler, the bank’s head of global market intelligence, noted that even bearish investors are capitulating, suggesting bullish sentiment is growing. JPMorgan Chase & Co. is a global
JPMorgan Predicts US Equities Rally Will Continue Read More »
Alphabet’s recent earnings beat marks a significant milestone, adding to the company’s impressive growth since early 2023. During this period, Alphabet has increased its market value by over $US1 trillion and delivered returns of approximately 120 per cent to its investors. This surge has propelled CEO Sundar Pichai into the billionaire ranks. Alphabet Inc. is
Alphabet CEO Sundar Pichai Achieves Billionaire Status Read More »
