News
The financial stories that matter — explained simply.
Federal Reserve set to hold rates as it sticks to higher for longer stance
The US Federal Reserve is expected to keep rates steady on 28 to 29 July as inflation stays above its 2 percent target.
UK inflation slows to 2.6 percent in June but energy bills threaten a rebound
UK inflation eased to 2.6 percent in June, below forecast, but a 13.5 percent energy cap rise could push it back above 3 percent.
Alphabet revenue jumps 24 percent to 119.8 billion dollars easing AI spending fears
Google parent Alphabet reported Q2 revenue of 119.8 billion dollars and net profit of 35.3 billion, a sharp contrast to Tesla profit miss.
Tesla posts record revenue but profit drops 57 percent as margins collapse
Tesla revenue hit a record 28.2 billion dollars in Q2 but profit fell 57 percent as price cuts and AI spending squeezed margins.
ECB holds deposit rate at 2.25 percent with all eyes on September
The European Central Bank kept its deposit rate at 2.25 percent on 23 July, leaving the next big move until September.
Alphabet revenue jumps 24 percent to 119.8 billion dollars easing AI spending fears
Google parent Alphabet reported Q2 revenue of 119.8 billion dollars and net profit of 35.3 billion, a sharp contrast to Tesla profit miss.
ECB holds deposit rate at 2.25 percent with all eyes on September
The European Central Bank kept its deposit rate at 2.25 percent on 23 July, leaving the next big move until September.
Federal Reserve set to hold rates as it sticks to higher for longer stance
The US Federal Reserve is expected to keep rates steady on 28 to 29 July as inflation stays above its 2 percent target.
Tesla posts record revenue but profit drops 57 percent as margins collapse
Tesla revenue hit a record 28.2 billion dollars in Q2 but profit fell 57 percent as price cuts and AI spending squeezed margins.
UK inflation slows to 2.6 percent in June but energy bills threaten a rebound
UK inflation eased to 2.6 percent in June, below forecast, but a 13.5 percent energy cap rise could push it back above 3 percent.
Oil prices climb on US Iran tensions even as FTSE 100 holds gains
London shares stayed firm while oil prices rose amid escalating US Iran tensions that threaten to lift energy costs again.
Wall Street earnings boom builds as investors await big tech results
S&P 500 profit forecasts have jumped about 32 percent in a year to near 373 dollars a share as big tech earnings roll in.
ECB set to hold rates as it weighs Middle East inflation risk
The European Central Bank is widely expected to keep its deposit rate at 2.25 percent, pausing after raising rates last month.
Tesla profit slumps 57 percent despite record quarterly revenue
Tesla posted record revenue of 28.2 billion dollars but operating profit fell 57 percent as margins and regulatory credits shrank.
UK inflation falls to 2.6 percent in June on cheaper fuel
UK inflation cooled to 2.6 percent in June, below forecasts, driven by lower petrol and diesel prices at the pump.
Softer inflation revives talk of a Bank of England interest rate cut
With inflation cooling to 2.6 percent, markets now bet the Bank of England could lower rates from 3.75 percent before the year is out.
Alphabet and Tesla earnings put Big Tech AI spending to the test
Wall Street awaits results from Alphabet and Tesla after the close, with heavy AI spending and car profit margins under close scrutiny.
Oil jumps toward 95 dollars a barrel as US and Iran conflict escalates
Brent crude rose to a near six-week high as an eleventh night of US strikes on Iran raised fears over shipping through the Strait of Hormuz.
FTSE 100 climbs as cooler inflation lifts hopes of a rate cut
London shares pushed higher after softer UK inflation boosted bets that the Bank of England could cut interest rates later this year.
UK inflation drops to 2.6 percent in June as fuel and food ease
UK inflation slowed to 2.6 percent in June, its lowest since March last year, as cheaper petrol, diesel and food gave households a break.
UK inflation falls to 2.6 percent in June as fuel prices drop
UK CPI inflation slowed to 2.6 percent in the year to June, down from 2.8 percent, driven by cheaper petrol and diesel.
ECB expected to hold rates at 2.25 percent as oil risk clouds outlook
The European Central Bank is widely expected to keep rates at 2.25 percent on Thursday as it watches oil and the Iran conflict.
Bank of England rate cut hopes grow as UK inflation cools further
Cooler June inflation has strengthened bets that the Bank of England will cut rates from 3.75 percent as soon as August.
Alphabet and Tesla report earnings tonight in first big AI spending test
Alphabet and Tesla report second quarter results after the US close, with investors focused on AI spending and margins.
S&P 500 hits record high above 7500 as chip stocks power rally
The S&P 500 closed at a record 7509 as strong second quarter earnings and a rally in chipmakers lifted Wall Street.