President Donald Trump on Friday said there is a “50-50 chance” the United States will reach a trade agreement with the European Union to reduce tariffs, even as EU diplomats have signalled greater optimism about striking a deal before the August 1 deadline.“I would say that we have a 50-50…
Intel Corp (NASDAQ: INTC) tanked nearly 10% on Friday even though the chipmaker, under its new chief executive Lip-Bu Tan, reported better-than-expected revenue for its fiscal Q2 and issued a decent top-line guidance.Investors are bailing on the semiconductor stock this morning primarily because it disappointed on the earnings front– not…
Brazil’s central bank is likely to keep its base Selic interest rate on hold at 15.% on July 30, keeping its tightest monetary stance in more than 20 years unchanged in the face of easing inflation expectations seen recently, as per a Reuters report.At least 35 analysts polled by Reuters…
As London grapples with intensifying heat waves and outdated transport infrastructure, its status as a leading global financial hub may be under quiet but growing pressure. Commuters working in the City of London, the capital’s core financial district, are facing increasingly unbearable conditions on the London Underground, particularly on the…
Carvana Co (NYSE: CVNA) has already rallied some 100% over the past three months – but an Oppenheimer analyst believes it still has significant further room to the upside.Brian Nagel upgraded the used car retailer to “outperform” in a research note this morning, and announced a $450 price target that…
With less than a week remaining before the United States decides whether to impose fresh tariffs, India has kept noticeably quiet.Despite months of talks, no trade deal has been announced, and officials in New Delhi have offered no public updates.The silence isn’t accidental. For India, holding back may be a…
Standard Chartered share price has been in a strong bull run, and is now hovering at its all-time high. STAN has jumped in the last three consecutive months, and is up by over 330% from its lowest point during the pandemic, giving it a market capitalization of over £30 billion. Standard…
The USD/TRY exchange rate surged to a record high this week after the Central Bank of the Republic of Turkey (CBRT) slashed interest rates by 300 basis points. It jumped to 41.05, continuing a trend that has been going on for years.The CBRT slashed interest rates after recent economic numbers…
Oracle stock price continued its strong surge this year and is now hovering near its all-time high. It was trading at $242 on Thursday, up by 106% from its lowest point in April, giving it a market capitalization of over $682 billion. Why Oracle stock price has surgedOracle is a giant…
Coursera stock price continued its strong uptrend in the extended hours after the company published strong financial results. COUR jumped by over 23% to $11.25, its highest point since July last year. It has jumped by over 94% from its lowest level this year.Why Coursera stock price is surgingCoursera is…