The Bank of England opted to keep its benchmark interest rate at 3.75% on Thursday, meeting market forecasts but revealing a deeply divided Monetary Policy Committee (MPC) as the decision was marked by a narrow 5-4 split. Despite the hold, the central bank signaled that a further reduction is likely in the coming months, provided
The European Central Bank (ECB) kept interest rates unchanged on Thursday, signalling confidence that inflation will stabilise over time even as recent data show price pressures easing. The decision, which was widely anticipated by markets, reflects a cautious approach shaped as much by global uncertainty as by domestic economic trends. Policymakers left their core policy
The Snap stock price crashed to a record low and flipped a crucial support level for the first time ever. It dropped to an all-time low of $5.9 after the company published its financial results and launched a large share buyback, a sign that the management expects it to rebound. Snap launches a share buyback
Alphabet stock (NASDAQ: GOOGL) plunged over 7% in the pre-market trading on Thursday, despite beating revenue and profit estimates for the fourth quarter. The sharp sell-off came despite some impressive milestones like cloud and search firing and annual sales topping 400 billion dollars for the first time. The investor caution began once executives unveiled a
The number of Americans filing new applications for unemployment benefits rose more than expected last week, highlighting short-term disruptions from severe winter weather even as the broader labour market continues to show signs of resilience. Initial claims for state unemployment benefits increased by 22,000 to a seasonally adjusted 231,000 in the week ended January 31,