"The ECB's base rate should fall to around 2 percent around the autumn of 2025," Stournaras, the ECB's governing council and central bank governor, told Greece's Skai radio station, according to a transcript released Thursday by the Greek central bank. He said the forecast would still be subject to "unforeseen circumstances," citing risk factors in Europe and the United States. Economists and investors believe the region's economy is suffering as the ECB cuts interest rates at every meeting unti...
Bitcoin has been setting new records this month, breaching the $97,000 mark on Thursday. Investors continue to expect US President-elect Donald Trump to usher in a "golden age" for cryptocurrencies, which will include more supportive regulation of the industry, as well as a potential national strategic bitcoin reserve or reserve. Data from BCA Research shows that bitcoin is approaching the $100,000 mark for the first time, but could still double thereafter...
The number of initial jobless claims in the United States recorded 217,000 in the week to November 9, the lowest since the week of May 18, 2024.
According to the Securities Exchange Commission (SEC), 26 companies will pay more than $390 million in fines for record-keeping errors, including RBC Capital, Regal Financial and TD Securities.
Nishad Singh, a former FTX executive who testified against FTX co-founder Sam Bankman-Fried, will be sentenced on October 30, according to court records. Another co-founder, Gary Wang, will be sentenced on November 20.
On June 24th, local time on June 23rd, about 100 million people in 27 states in the United States are threatened by extreme heat weather, including Los Angeles and New York, the two largest cities in the United States. Los Angeles issued a heat warning, with temperatures expected to reach 32 to 37.7 degrees Celsius. At the same time, New York City also issued an extreme heat weather warning, and the city's highest single-day temperature record in 136 years may be broken. According to the Nationa...
Spot gold continued to rise, breaking the $2330/ounce mark and rising 1.68% on the day. COMEX futures stood at $2350 per ounce, up 1.80% on the day.