British house prices increased by 0.2% in June, marking the first monthly rise in four months, while annual growth accelerated slightly to 0.6%, according to data released by mortgage lender Lloyds on Tuesday.The latest figures showed that the average UK property price reached £299,330 during the month.The increase follows several…
The European Central Bank has given eurozone banks four months to develop plans aimed at countering artificial intelligence (AI)-enabled cyber threats that could undermine confidence in the financial system and disrupt payment networks.The directive, issued on Tuesday, reflects growing concern among European regulators over the increasing cyber capabilities of advanced…
The Bank of England has warned that artificial intelligence is emerging as a growing threat to financial stability, citing heightened market expectations, rising leverage and increasing cyber risks linked to the technology.In its half-yearly assessment of risks to Britain’s financial system, released on Tuesday, the central bank said earlier concerns…
The Dow Jones Index jumped to a record high last week, helped by strong performance of some traditional companies. It jumped to a high of 52,905, up by 17% from it lowest level this year. This article highlights some of the top companies that drove the index to an all-time…
Micron stock price has plunged and entered a local bear market after falling by over 22% from its all-time high. It slipped to $975 on Thursday, its lowest level since June 11, after a series of negative news. So, is this the start of a new downtrend or just an…
Sandisk stock price has suffered a harsh reversal recently as its historic bull run hits a wall. SNDK dropped roughly 14% on Thursday, July 2, ahead of the holiday weekend, reaching its lowest level since mid-June. It has now slumped by roughly 25% from its recent all-time high, even as…
The NZD/USD exchange rate pulled back a bit on Tuesday, reacting to more weak US macro data, and as traders refocused on the upcoming Reserve Bank of New Zealand (RBNZ) interest rate decision. It retreated to 0.5693 from last week’s high of 0.5725.RBNZ expected to hike interest ratesThe New Zealand…
Barclays share price has gone parabolic in the past few months, reaching its highest point since 2007. It has soared by 55% in the last 12 months, outperforming its top peers like Lloyds and NatWest, which have jumped by 52% and 37% in the same period.Barclays vs Lloyds vs NatWest…
Rolls-Royce share price has moved in a tight range in the past few months and is hovering around its all-time high. It was trading at 1,480p today, July 7, after rising by 52% in the last 12 months. This article highlights some of the key reasons why the stock may…
The Roundhill Memory ETF (DRAM) dropped by over 6% in the premarket, reaching a low of $60.65, as memory shares tumbled following the latest Samsung earnings. DRAM has now dropped by over 25% from its highest point this year, and this trend may continue as a top analyst warns of…