The European Central Bank on Thursday lowered interest rates by 25 basis points, bringing the deposit facility rate to 2.5%. The widely expected move marks the central bank’s sixth rate cut in nine months, as policymakers seek to support an economy grappling with sluggish growth and the looming threat of…
President Donald Trump announced that Mexico will be exempt from his newly imposed 25% tariffs on goods and services covered under the USMCA trade agreement, providing temporary relief for a key US trading partner.“This exemption will remain in place until April 2,” Trump stated in a social media post on…
Investors have been cautious about high-growth technology stocks in 2024, with broader market uncertainty and concerns over President Donald Trump’s tariff policies putting pressure on valuations. The Nasdaq Composite has declined 6% so far this year as investors rotate out of last year’s best-performing stocks and software companies have not…
Gold prices remained subdued above the $2,900 per ounce mark on Friday even as the precious metal is set to experience a weekly gain. “The commodity, however, remains confined in a multi-day-old trading range as traders seem reluctant and opt to wait for the crucial US monthly employment details,” Haresh Menghani,…
The US labour market likely continued to add jobs in February, but concerns over trade policies, immigration crackdowns, and federal job cuts are creating an increasingly uncertain outlook. Economists expect the upcoming Labour Department report to show an addition of 160,000 jobs, up from 143,000 in January, with the unemployment…
Trade tensions have once again ensnared US farmers. Although China’s retaliatory tariffs have been relatively limited thus far, they could escalate. Moreover, broader trade tariffs mean that US soybean exports to other countries, besides China, are also at risk, ING Group said in a report.China targets US agricultural productsIn response to the…
China’s central bank has been steadily increasing its gold reserves, marking a fourth consecutive month of purchases. The country’s gold holdings rose to 73.61 million fine troy ounces at the end of February, a slight increase from 73.45 million ounces at the end of January, according to a Reuters report. This continued…
The European Central Bank on Thursday lowered interest rates by 25 basis points, bringing the deposit facility rate to 2.5%. The widely expected move marks the central bank’s sixth rate cut in nine months, as policymakers seek to support an economy grappling with sluggish growth and the looming threat of…
Méliuz, a Brazilian financial technology company, purchased Bitcoin as part of their treasury management procedure, demonstrating the growing interest in digital currencies.Méliuz’s board of directors approved a significant investment on Thursday by purchasing 45.72 Bitcoins worth about $4.1 million at an average price of $90,296.11 per unit.With this decision, Méliuz…
Rigetti Computing Inc (NASDAQ: RGTI) lost another 10% this morning after reporting a loss for its fiscal Q4 that came in well above the analysts’ forecast.Year-to-date, shares of the quantum computing company are now down close to 65%. Still, they’re not inexpensive to own by any stretch of the imagination.Rigetti…