Financial News

Overall, the headline figure has cooled significantly from a peak of 10.6% in October 2022, languishing below 3% for the past eight straight months.

German e-commerce sales Buck the Trend with 2.9% Jump in April, limiting the downside in retail sales. The investor focus will now turn to inflation numbers.

Softer service activity and a manufacturing sector contraction in May mark uncertain times for Chinese economy.

Gasoline inventories increased by 2.0 million barrels, exceeding analyst estimates.

The deceleration in GDP growth, falling corporate profits, and slower consumer spending suggest a bearish short-term U.S. economic outlook.

Best Buy faces ongoing challenges in electronics demand; streamlining operations and investing in growth areas is crucial.

Given the weaker-than-expected revenue and cautious guidance, Salesforce’s short-term outlook appears bearish.

The Fed’s Beige Book signals a bearish market outlook due to high interest rates and tight credit.

Upbeat German Consumer data could delay post-June ECB rate cuts as the willingness to save slides. German inflation numbers are up next.

According to the report, confidence improved among consumers of all age groups.

Given the persistent low inventory and steady demand, the U.S. housing market is expected to remain bullish.

Former US President, Donald Trump has doubled down on his support for the cryptocurrency industry, emphasizing the importance of American dominance in the growing sector.

After another successful appeal from Do Kwon’s legal team, Montenegro’s High Court will once again decide whether to extradite the Terraform Labs co-founder to the United States or South Korea.

Ethereum price surged above $3,850 twice in the last 48-hours, as bullish investors front-run influx of funds into the newly-approved ETH spot ETFs.

ETH stole the show, with the SEC approving the first 19b-4 application, while the US BTC-spot ETF market extended its inflow streak to three weeks.

Year-ahead inflation expectations increased from 3.2% to 3.3%.

Durable goods orders rise, especially in transportation, indicating a bullish short-term outlook for the manufacturing sector.

Bad weather conditions impacted UK retail sales in April, which may limit the influence of the numbers on the Bank of England and plans to cut rates.

In a landmark decision on May 23, 2024, the U.S. Securities and Exchange Commission (SEC) has approved the first Ethereum Exchange-Traded Funds (ETFs).

Natural gas prices moved lower as traders took some profits off the table after the strong rally.