Lagarde to Leave ECB in February as Bank Holds Rates and Keeps December Hike in View
Christine Lagarde will leave the European Central Bank in February, opening a succession battle for one of the world’s most important financial posts at a...
Author : Rohan Kumar
Alphabet’s Worst Day Ever Rattles Tech as Intel and Amazon Slide, and Asian Stocks Tumble
A selloff in technology shares spread from Wall Street to Asia as investors reacted to disappointing earnings from some of the biggest names in tech....
Binance Hit by Record $6.3 Billion Hack as Exchange Freezes Withdrawals
The world’s largest cryptocurrency exchange has been hit by what looks like the biggest crypto theft ever recorded. Binance suspended all deposits and withdrawals after...
Amazon’s Cloud Growth Hits Five-Year High, but Profit Miss and Spending Plans Hit the Shares
Amazon’s cloud business is growing faster than at any time in nearly five years. Investors, worried about the cost of that growth, were not impressed....
Bank of Japan Holds at 1.25% but Says Inflation Is at Target, Keeping December Hike in Play
The Bank of Japan left interest rates unchanged on Friday. In the same breath it said that inflation has reached its target, a message that...
Budget 2026: Bank Surcharge Rises to 6% for 15 Months as Households Get £100 Energy Payment
Chancellor John Healey asked Britain’s banks to pay more on Wednesday to fund help with household energy bills. The increase turned out smaller than the...
Alphabet Slide Dents Tech Rally as Korean Chip Shares Retreat After Record Run
Technology shares lost momentum in Asia on Thursday after a disappointing earnings report from Alphabet and a pullback in South Korea’s chipmakers cooled a rally...
Apple Unveils Its First Touchscreen Mac, a $2,899 MacBook Pro With OLED Display
Apple has built a touchscreen into the Mac, ending a design stance it held for more than a decade. At an event in Los Angeles...
Microsoft Rewarded, Alphabet Punished as Investors Weigh the Cash Cost of Cloud Growth
Two technology giants reported booming cloud businesses on Wednesday, and investors sent their shares in opposite directions. Microsoft rose, while Alphabet slid by around a...
Fed Holds Rates but Two Officials Back a Hike, as Warsh Cuts Back Rate-Setting Meetings
The Federal Reserve held interest rates steady on Wednesday. A split vote and a change to its meeting calendar showed a central bank still divided...