The Governing Council decided on Thursday to cut the three core ECB interest rates by 25 basis points. As a result, the interest rates on the deposit facility, major refinancing operations, and marginal lending facility will be reduced to 2.75%, 2.90%, and 3.15%, respectively, beginning February 5, 2025. This decision…
Twin Peaks – an American chain of sports bars and restaurants goes live on Nasdaq in what is the first restaurant debut of the new year on Thursday. The company’s debut holds significance as it could offer cues on what the initial public offering (IPO) market looks like for restaurant…
The housing market is facing a stark reality check, with sales of existing homes plummeting to a 29-year low. The National Association of REALTORS reports that 2024 witnessed the slowest pace of existing home sales since 1995—the era of dial-up internet and Windows 95. This chilling statistic underscores a complex…
Tesla Inc (NASDAQ: TSLA) is keeping in the green this morning even though it reported a 71% decline in net income for its fourth financial quarter. But not everyone is as optimistic about the EV stock. Steve Westly – the company’s former board member agrees that investors would be better…
Michigan-based company Dow Inc. announced Thursday that it would lay off 1,500 employees as part of a $1 billion cost-cutting initiative, citing sluggish demand and margin pressures. The announcement sent Dow’s shares tumbling 6.3% in morning trading. Like much of the industry, the chemical giant is grappling with rising input…
From school and college romances with late-night landline calls to relationships blossoming on apps that break the barriers of location and time, dating in India has come a long way. Its evolution has also mirrored changing societal norms and gender dynamics. The trend of using dating apps to meet a…
The FTSE 100 index has started the year well as it surged to a record high. It moved to a high of £8,645, up by over 75% from its lowest level in 2020 and by 15% in the last 12 months. The next few weeks will be important for the…
The cryptocurrency market continues to show volatility, with meme coins experiencing significant price fluctuations. Dogecoin (DOGE) has seen a minor recovery after reaching a 2025 low earlier in the week, while several Solana-based meme coins have experienced substantial gains. This contrast highlights the shifting dynamics within the meme coin sector.…
After the week-long corrective pullback that cut across crypto majors, assets like Litecoin and Bitcoin are on a rebound. In both cases, the bulls are striving to break crucial resistance in their quest to retest and surpass recent highs. Notably, greed remains the key emotion in the market as investors…
The Russian ruble is back. The USD/RUB exchange rate has retreated from last year’s high of 114.45 to the current 98.30, its lowest level since November 14. It has also formed a highly bearish chart pattern, pointing to more downside later this year. USD/RUB forecast as a double-top pattern The…