For the second consecutive month, the Bank of Canada has decided to lower its key interest rate by 25 basis points, now standing at 4.5%. The bank also indicated that further decreases in borrowing costs could be expected if inflation…
Considering that tech giants Alphabet and Tesla's second-quarter earnings results have been less than stellar, Wall Street is expected to begin the day on a negative note on Wednesday. While the earnings season in Europe is in full swing, the…
U.S. stocks continued their decline on Friday due to ongoing disruption caused by a software malfunction, further fueling uncertainty in an already nervous market. An extensive technological disruption significantly impacted various sectors, such as airlines, banking, and healthcare. This occurred…
Goldman Sachs' second-quarter profit surged, surpassing analysts' expectations, driven by robust performance in debt financing and fixed-income trades. However, the profit growth was slightly lower compared to the exceptional first quarter, which recorded the highest earnings since 2021. The strength…
The Nasdaq closed significantly down on Thursday, impacted by declines in Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL), and Tesla (NASDAQ:TSLA). Investors shifted their focus to smaller companies following the release of inflation data that fell short of expectations, leading to speculation that…
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Peter Bergman (MoneyAmped.com)