The European Central Bank hit pause on interest rate changes Thursday, keeping its key deposit rate at 2%, a widely expected move and the first hold after more than a year of steady cuts.The decision comes as Eurozone inflation finally aligns with the ECB’s 2% medium-term target, a milestone that…
American Eagle Outfitters saw its shares surge more than 10% after the market opened after announcing a high-profile partnership with actress Sydney Sweeney to front its Fall 2025 denim campaign.The company said the campaign, titled “Sydney Sweeney Has Great Jeans,” will feature fresh denim styles tailored for Gen Z, who…
An increasing number of Gen Z and Millennials in the UK believe that traditional credit scores are failing them. A recent report from Hello Millions found that 41% of under-35s feel “unfairly judged” by their credit files. Despite having stable incomes, minimal debt, and sound budgeting habits, many still struggle…
US President Donald Trump announced on Wednesday that new trade duties will have a minimum rate of 15%, with the possibility of reaching 50%, and suggested that Brazil will be the only country subjected to the maximum rate among those that received letters in the past few weeks. The additional…
US President Donald Trump pushed back on speculation that his administration plans to pull federal subsidies from Elon Musk’s companies, saying he wants Musk and all American businesses to “thrive like never before.”The remarks came after growing chatter that Tesla, SpaceX, and other Musk-led ventures could face funding pressure from…
President Donald Trump made a rare visit to the Federal Reserve’s headquarters on Thursday, intensifying pressure on the central bank and its leadership days before a key interest rate decision. The visit comes against a backdrop of heightened criticism from the White House over both monetary policy and the Fed’s…
Oil prices gained on Friday as trade talk optimism offset expectations of more supply from Venezuela. However, prices are likely to remain capped due to plentiful supply in the market, according to experts. At the time of writing, the West Texas Intermediate crude oil on the New York Mercantile Exchange was at…
It’s happening again. Meme stock mania is back in full steam.Once again, companies that most institutional analysts have stopped following for a while are exploding in value. Stocks like Opendoor, GoPro, Krispy Kreme are attracting the attention of retail investors, in the same way GameStop and AMC did back in…
Shares of German sportswear giant Puma plummeted nearly 20% on Friday after the company issued a stark profit warning, stating that it now expects to post a loss this year due to weak global demand, inventory challenges, and the impending impact of US import tariffs.The Herzogenaurach-based company said it now…
Gold seems to have lost its momentum during the second quarter of 2025 as investors remained cautious about the yellow metal’s movements. The World Gold Council (WGC) is set to release its second-quarter gold demand trends report next week, with expectations of a significant slowdown in price appreciation. After a robust first…