Apple managed to beat analysts’ estimates on both the top and bottom lines in the fiscal third quarter. The iPhone maker reported earnings of $1.40 per share, exceeding the expected $1.35 per share. Revenue also surpassed expectations, coming in at $85.78 billion. This positive performance resulted in a slight increase in the company’s stock price
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The German Finance Ministry is currently grappling with a 17 billion euro budget shortfall, prompting discussions on how to address this financial gap. However, the advisory board to the ministry has raised concerns about the three proposed options, deeming them problematic. In a letter seen by Reuters, the advisory board highlighted their reservations about the
The British pound sterling has been on a steady decline against the US dollar, with the GBP/USD pair trending towards 1.2848. The pressure from the USD rate is a significant factor contributing to this trend. However, investors are eagerly awaiting the outcome of today’s Bank of England meeting and its decision on interest rates. There
DSYNC Destra Network is a project that aims to revolutionize cloud solutions through decentralized platforms and cutting-edge technologies like AI, IPFS, and ENS. In this critical analysis, we will delve into the current Elliott Wave structure unfolding for the token and discuss the potential outcomes based on the information available. Back in March 2024, DSYNC
The European Central Bank (ECB) has been facing challenges in keeping inflation at its 2% target due to a weak euro zone economy. According to ECB policymaker Yannis Stournaras, the low economic growth in the region could lead to inflation falling below the target, prompting the need for interest rate cuts. Stournaras, who is known
The EUR/GBP cross is trading higher at around 0.8450 during the early European session, marking a 0.35% gain on the day. The recent surge is fueled by the Eurozone’s inflation data, which has cast doubts on the likelihood of ECB interest rate cuts in September. On the other hand, there is a sense of uncertainty
During the recent July meeting, Chairman Jerome Powell hinted at the possibility of a rate cut in the near future, citing favorable inflation data as a key factor in the decision-making process. While the specifics were not outlined, Powell’s comments suggested that the bar for a rate cut in September is relatively low, according to
Federal Reserve Chairman Jerome Powell recently made the decision to leave the policy rate unchanged at the range of 5.25%-5.5%. This decision was met with unanimous support from all 19 participants in the meeting. Powell explained that there was a real discussion about the possibility of reducing rates at the meeting, but ultimately, a strong
Federal Reserve officials recently announced that they would be maintaining short-term interest rates at their current level. However, they did indicate that inflation is approaching its target, potentially paving the way for future interest rate cuts. This decision comes amid ongoing concerns about economic conditions, although some progress has been noted. While the Federal Reserve
The recent flash estimate for HICP inflation revealed an unexpected but marginal increase in headline inflation in July, rising to 2.6% from 2.5% in June. This uptick was influenced by a stronger energy sector, with energy prices rising by 1.3% year-on-year, compared to a mere 0.2% increase in June. The spike in petrol prices and
The NZD/USD pair has been trading on a stronger note around 0.5915 in Wednesday’s Asian session, with a 0.17% increase on the day. This positive movement can be attributed to the better-than-expected Chinese Manufacturing Purchasing Managers’ Index (PMI) data for July. The Chinese PMI readings, which showed an improvement in manufacturing activity, have provided support