Apple managed to surpass analysts’ estimates in the fiscal third-quarter earnings report. The tech giant reported $1.40 per share, outperforming the expected $1.35 per share. Revenue also exceeded expectations, coming in at $85.78 billion. These positive results led to a slight increase in the stock price during extended trading. On the flip side, Intel faced
DSYNC Destra Network is a project that aims to revolutionize the cloud solutions industry by incorporating AI computing mechanisms and cutting-edge technologies such as IPFS and ENS. In this article, we will delve into the daily Elliott Wave structure of the DSYNC token and speculate on its potential outcomes. In March 2024, DSYNC reached a
When it comes to making financial decisions, it is crucial to conduct thorough due diligence. The information we come across on the internet, including news, analysis, and opinions, should not be taken at face value. It is essential to do your own research, seek advice from experts, and carefully consider all factors before taking any
The advisory board to the German Finance Ministry has raised concerns regarding the three options being considered to address the 17 billion euro budget shortfall. According to a letter obtained by Reuters, the board finds these options problematic and potentially risky. The options include utilizing additional funds from the state bank KfW, converting grants from
As the European Central Bank grapples with an economy that is struggling, ECB policymaker Yannis Stournaras has raised concerns about the impact on inflation. Stournaras, known for his support for lower interest rates, emphasized in an interview that the ongoing weak economic activity in the euro zone is likely to push inflation below the target
The British pound sterling is facing a steady decline against the US dollar with the GBP/USD pair trending towards 1.2848. The pressure from the USD rate is evident while investors eagerly await the outcome of today’s Bank of England meeting. Speculation is rife that the BoE will lower the interest rate from 5.25% to 5.00%
During the recent Federal Open Market Committee (FOMC) meeting in July, Chairman Jerome Powell hinted at the possibility of a rate cut in September. While Powell did not provide specific guidance, his comments suggested that the committee is moving towards implementing a reduction, contingent on favorable inflation data. The market eagerly anticipates this potential rate
EUR/GBP has seen an increase in value around 0.8450 during the early European trading session on Thursday. This gain of 0.35% on the day is attributed to the hotter-than-expected Eurozone inflation data. The unexpected rise in inflation has led to doubts about the European Central Bank’s (ECB) plans for interest rate cuts in September. As
The Federal Reserve, also known as the Fed, plays a crucial role in shaping the monetary policy of the United States. With the dual mandate of achieving price stability and fostering full employment, the Fed uses interest rate adjustments as its primary tool to influence economic conditions. These decisions are made through eight policy meetings
Following the Federal Reserve’s recent meeting, officials decided to keep short-term interest rates steady. However, there were indications that inflation is closer to its target, possibly paving the way for future interest rate cuts. Despite this, the central bankers did not make any explicit statements suggesting an imminent reduction. They maintained their stance on economic
The unexpected rise in the headline inflation rate for the HICP in July has caught many off guard. According to ABN AMRO senior economist Bill Diviney, the core inflation rate remained steady at 2.9%, when many were anticipating a decrease to 2.7%. The main drivers of this increase were attributed to a surge in energy
China’s manufacturing activity in July shrank for a third consecutive month, as shown by an official factory survey on Wednesday. This trend has raised concerns among experts and economists about the need for more stimulus measures from Beijing due to a prolonged property crisis and job insecurity impacting overall growth. The official Purchasing Managers’ Index