ECB cuts rates as growth and inflation slow
FRANKFURT (Reuters) – The European Central Bank cut its interest rates on Thursday, saying lower inflation and economic growth were allowing it to take its foot off the brake slightly.…
eToro to shut down nearly all crypto trading in settlement with US SEC
By Hannah Lang (Reuters) -Retail trading platform eToro will stop offering nearly all cryptocurrencies to its customers as part of a settlement with the U.S. Securities and Exchange Commission, the…
The Fed may be further behind the curve
Investing.com — The Federal Reserve could be falling behind in its efforts to combat slowing growth, according to the latest Sevens Report note. The firm said that while the central…
Siemens investing $60 million on high-speed train plant in upstate New York
ZURICH (Reuters) -Siemens is spending $60 million on a new U.S. factory to build high speed trains to whisk passengers between Los Angeles and Las Vegas, the German engineering company…
Global rate cutting cycle picking up pace
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Interest rate cuts from major central banks are well underway, with the European Central Bank on Thursday delivering its second quarter-point…
US producer prices rise slightly above expectations in August
WASHINGTON (Reuters) – U.S. producer prices increased slightly more than expected in August amid higher costs for services, but the trend remained consistent with subsiding inflation. The producer price index…
Majority of Americans don’t trust AI-generated election information, poll finds
Most Americans do not believe artificial intelligence (AI) is trustworthy for election information. A poll released Thursday by The Associated Press-NORC Center for Public Affairs Research and USAFacts found that…
ECB delivers second rate cut of the year
LONDON (Reuters) – The European Central Bank cut interest rates again on Thursday as inflation slows and economic growth falters, but provided almost no clues about its next step, even…
Analysis-Britain’s challenger banks boosted by capital rules revamp
By Sinead Cruise and Lawrence White LONDON (Reuters) – Revised UK bank capital rules have thrown a lifeline to smaller lenders struggling to poach market share from Britain’s biggest banks,…
ECB slashes interest rates for second time in three months
Investing.com — The European Central Bank slashed interest rates again as expected at its latest monetary policy gathering, as officials mull sluggishness in the eurozone economy and fading inflationary pressures. The…