Business activity in the euro area continued to fall during November, according to provisional survey data, amid a further solid decline in new orders. Both output and new business have now decreased in each of the past six months.
US stocks have recently stopped rising, with the Dow Jones Industrial Average falling by 62.75 points or 0.18% to close at 35,088.29 points. The S&P 500 index also fell by 0.20%, closing at 4,538.19 points, and the Nasdaq index fell by 0.59% to reach 14,199.98 points, thus breaking all Wall Street indicators’ series of five […]
In the first nine months of this year, Allianz has experienced robust growth in its business volume, operating profit, and core net income. The company has also further strengthened its solvency position, reaching 212 percent.
The price of Bitcoin (BTC) fluctuated during Friday’s transactions, hovering around $36,546. This comes after a significant increase in prices during yesterday’s trading, reaching a level of $38,400, as investors’ hopes in the Bitcoin market rose regarding the approval of the Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC).
British pound rose slightly this morning to the level of 1.22348 temporarily at approximately 7:00 AM GMT, before retreating again to the sideways path it had been following all day, which was the result of a series of daily losses extending since the beginning of the week.
The Bucharest Stock Exchange Group, consisting of the operator with the same name, Depozitarul Central and CCP.Bucharest (Central Counterparty) reported a consolidated net profit after the first nine months of 2023 in significant growth, reaching the value of 21.50 million lei, double compared to the previous period (10.72 million lei in 9L 2022), being directly […]
Bitcoin continued its series of gains, reaching the level of $35,157 at approximately 2:30 a.m. GMT today, reaching the highest levels since last May. These gains were reversed and Bitcoin returned to the level of 33783 at approximately 7:15 am.
The eurozone economic downturn accelerated at the start of the fourth quarter, according to provisional PMI survey data for October, with private sector output declining at the steepest rate for over a decade if pandemic affected months are excluded.
Crude oil prices have continued to decline since last Friday, after a series of gains that led to the highest levels in about twenty days. West Texas Intermediate (WTI) oil futures fell by 0.6% to $87.55 per barrel at approximately 12:00 noon GMT. Brent crude oil futures also fell by approximately the same percentage, reaching […]
Fidelity has submitted a new proposal for a Bitcoin Exchange Traded Fund (ETF) to the U.S. Securities and Exchange Commission (SEC) in a new step to address ongoing regulatory concerns that have hindered the approval of Bitcoin ETF investment projects.
On Wednesday, US stocks were under pressure as traders reacted to the developments in the Middle East, where tensions have fueled demand for safe-haven assets. Additionally, yesterday’s retail sales data re-affirmed the resilience of the US economy, giving more weight to the Federal Reserve’s tight monetary policy and the risk of seeing interest rates remain […]
Citigroup reported revenues of $20.1 billion in the third quarter 2023 representing 9% increase year-over-year. The higher revenues reflected strength across Services, US Personal Banking and Markets, as well as growth in Banking, which was offset by the revenue reduction from the closed exits and wind-downs.
Despite economic resilience earlier this year, with a reopening rebound and progress in reducing inflation from last year’s peaks, economic activity still falls short of its prepandemic path, especially in emerging market and developing economies, and there are widening divergences among regions.
Impact Developer & Contractor (BVB: IMP), one of the largest real estate developers on the local market, has announced that it has attracted 8 million euros from investors through a bond issue aimed at achieving the objectives assumed in the medium-term development strategy.
Crude oil has been one of the main factors contributing to the problem of uncontrollable inflation worldwide. When Russia attacked Ukraine, uncertainty about supplies drove prices to almost $130 per barrel.
First quarter results improved primarily due to the execution of the company’s DRIVE program initiatives and continued focus on revenue quality but the improvement in operating results was partially offset by ongoing demand weakness.
Cisco (NASDAQ: CSCO) and Splunk (NASDAQ: SPLK), the cybersecurity and observability leader, today announced a definitive agreement under which Cisco intends to acquire Splunk for $157 per share in cash, representing approximately $28 billion in equity value.
Cryptocurrencies led by Bitcoin and Ethereum returned to gains today after a tepid weekend that followed four straight days of gains. Bitcoin is trading near the level of $26,677, and Ethereum at 1,632, at approximately six in the morning GMT, after noticeable gains we witnessed at dawn today.
Since the beginning of trading on Thursday, U.S. stock market indicators have been preparing for clear gains. The S&P 500 index is currently trading at $4,500, up 0.4%, while the Dow Jones index has risen by 0.3% or about 100 points, and the Nasdaq 100 has added about 0.5%.
At the onset of Tuesday’s trading, gold prices aimed to push their gains further, touching $1923.50 per ounce due to a weakening US dollar. Yet, the gains were short-lived, offset by the uptick in US Treasury bond yields, bringing the prices down to $1912.60.
AROBS Transilvania Software (BVB: AROBS), the largest technology company listed on the Bucharest Stock Exchange, announces that the Financial Supervisory Authority (ASF) has approved the prospectus for the admission to trading of AROBS shares on The Main Market of the Bucharest Stock Exchange.
Retail sales in July experienced a marginal decline of 0.2%, a bit worse than anticipated. Although this isn’t a promising start to Q3, the data suggests that the years-long downward trend in sales is beginning to stabilize.
In August, U.S. non-farm employment figures rose by 187,000, surpassing the expected 170,000. However, the downward adjustment of 110,000 jobs over the previous two months suggests a continuing deceleration in job growth.
Cryptocurrency prices are settling today, led by Bitcoin, which is trading near $27,250 levels, as well as Ethereum, which is settling at $1,700. While these levels are higher than what we had seen over the past week, in light of more positive developments in the judicial battles that are still clouding the cryptocurrency market.