Bitcoin surged $1,100 in 10 minutes after Fed chair Jerome Powell shared dovish remarks during the Jackson Hole speech

Shrugging off higher interest rates, America’s consumers spent enough to help drive the economy to a brisk 5.2% annual pace from July through September, the government reported in an upgrade from its previous estimate.

The US Federal Reserve may signal this week that interest rate cuts are on the way -- although it is widely expected to remain on pause until its next rate decision in September.

The DWP has said Christmas payments - in the form of £10 bonuses - have been issued to millions in the UK.

Gold price (XAU/USD) shot to a multi-day peak around the $2,412-2,413 resistance zone on Tuesday and drew support from various factors.

TORONTO, Dec. 04, 2023 (GLOBE NEWSWIRE) — Allied Properties Real Estate Investment Trust (“Allied”) (TSX: “AP.UN”) announced today that the Trustees of Allied have (i) declared a distribution of $0.15 per unit for the month of December 2023, payable on January 15, 2024, to unitholders of record as at December 29, 2023, and (ii) confirmed Allied’s 2024 distribution plan of $0.15 per unit per month ($1.80 per unit annualized).

Entitled Solutions, an inclusion platform to make health and financial services accessible to urban low-income workers, has raised Rs 4 crore.

The USD/CAD pair struggles to capitalize on the Asian session move up to the 1.3645-1.3650 region, or a one-month top and drops to the lower end of its daily range in the last hour.

With Spotify layoffs affecting 1,500 employees announced in 2023, learn why the popular music streaming giant had to take this difficult decision.

Right before the decision was announced, the probability of a 50-basis-point move was only just over 60%, as implied by the futures market.

LONDON (AP) — Spotify says it's axing 17% of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company's blog Monday, CEO Daniel Ek said the jobs were being cut as part of a “strategic reorientation.” The post didn't specify how many employees would lose their jobs, but a spokesperson confirmed that it amounts to about 1,500 people. Spotify had used cheap financing to expand the business and “invested significantly” in employees, content and marketing in 2020 and 2021, the blog post said. But Ek indicated that the company was caught out as central banks started hiking interest rates last year, which can slow economic growth. Both are posing a challenge, he said. “We now find ourselves in a very different environment. And despite our efforts to reduce costs this past year, our cost structure for where we need to be is still too big,” he said. Ek said the “leaner structure”…

New Delhi: Music streaming giant Spotify on Monday announced to eliminate about 17 per cent of its workforce across the company as it looks to become

LONDON :Oil fell on Wednesday after two sessions of gains after an industry report showed increasing U.S. crude and fuel inventories, offsetting rising tension in the Middle East and the potentially bullish impact of a U.S. interest rate cut. U.S. crude stocks rose by 1.96 million barrels in the week ended Se

Wall Street takes back-to-back weekly gains and an overbought market into an important week.

TheStreet's J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Thursday, December 14th.

Annual consumer price inflation has declined to the lowest level since April 2021, says Statistics South Africa.

:Several exchange-traded funds (ETFs) tied to the spot price of bitcoin began trading in the U.S. on Thursday in a landmark moment for the cryptocurrency industry that has been seeking regulatory approval for the financial product for over a decade. The green light by the U.S. Securities and Exchange Commiss

Strategic expansions, key partnerships cement CFI’s status as a global leader in trading

The benefits cap will remain exactly the same from next April meaning thousands of families will effectively get a big cut

Prices for goods in the United States in October increased by 3.2% compared to October last year, according to a report from the US Federal Bureau of | The Eastern Herald

The Snohomish County PUD expects bills to increase about $6 a month for the average residential customer.

RIYADH: Saudi Arabia’s Tadawul All Share Index rallied for the third consecutive day, gaining 19.44 points to close at 12,630.86. The Kingdom’s parallel market, Nomu, also rose on Thursday, gaining 110.79 points to reach 26,402.82. The MSCI Tadawul Index edged up by 0.06 percent to close at 1,623.68. The benchmark index posted a trading value of SR12.93 billion ($3.45

In a statement, CEO Daniel Ek said Spotify has initiated the search for a new CFO.

Jammu Tawi: Godrej Agrovet Limited (GAVL) has announced its financial results for the fourth quarter and full year ended March 31, 2024.The company

The Federal Reserve’s preferred measure of inflation rose less than expected in November, bolstering bets that the central bank will begin cutting interest rates next year. The Personal...

The Core Personal Consumption Expenditures (PCE) Price Index, the US Federal Reserve’s (Fed) preferred inflation measure, will be published by the US Bureau of Economic Analysis (BEA) on Thursday at 13:30 GMT.

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets. But as inflation has fallen in the months since, and the labor market has cooled, analysts at top US banks have raised the number of cuts they expect the Fed to pencil in this year.

Property auctioneers, Pattinson Auction, feel the cottage has great potential

Hampered by an industry-wide slowdown in demand and a faltering brand revamp, Burberry shares have slumped by a third over the past three months.

A map has revealed the six cineworld locations that are due to close. It is part of a restructuring plan to save the under-fire company. Cineworld was originally expected to close 25.

Rising capital costs have forced Spotify to layoff 17% of its workforce

Bengaluru-based Blackbuck provides transportation services to its customers and directly compensates truck owners.

EUR/USD halted a near-term bullish recovery on Tuesday, easing off of bullish pressure and chalking in an indecision pattern just above 1.1100 as Fiber traders buckle down for the wait to Wednesday’s appearance from the Federal Reserve (Fed).

The US Federal Reserve may signal this week that interest rate cuts are on the way -- although it is widely expected to remain on pause until its next rate decision in September.

SINGAPORE : The dollar was steady on Friday, heading for its strongest weekly performance since July on scaled back expectations of steep and early interest rate cuts this year ahead of closely watched U.S. payrolls data later in the day.U.S. private employers hired more workers than expected in December,

Gold (XAU/USD) exchanges hands just above $2,500 on Wednesday after sliding lower due to a rebound in the US Dollar (USD).

Several other states will raise their minimum wage later this year as some of them have the same minimum wage as they did in 2009.

Nokia lowered its operating margin guidance from at least 14% by 2026 to at least 13%

Meta reported second-quarter earnings on Wednesday after the bell. Here are the results:

WASHINGTON >> The IRS today announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline.

BERLIN (AP) — Germany’s last remaining major department store chain filed for insolvency protection on Tuesday, its third filing in less than four years, after its owner ran into difficulties.

Wells Fargo CEO Charlie Scharf said low staff turnover means the company would likely book a large severance expense in the fourth quarter.

Agoa’s winners, losers and what should come next.

Cisco layoffs: The software company has reportedly laid off thousands of employees in its second round of job cuts, it would reduce its headcount by 7% in August

WASHINGTON (AP) — The IRS on Monday announced January 29 as the official start date of the 2024 tax season, and expects more than 128.7 million tax returns to be filed by the April 15 tax deadline.

The GBP/JPY cross struggles to capitalize on a two-day-old recovery from the vicinity of a one-month low retested earlier this week and meets with a fresh supply during the Asian session on Wednesday.

The first group of retirees will receive their January Social Security payments, worth up to $4,873 for top earners who retire at 70, in three days.

It's part of a process to streamline the way applications are dealt with

The Chicago purchasing managers' index fell to 46.9 in December, according to the Institute for Supply Management, well below market expectations for a reading of 51.

Millions of retired seniors received the first wave of December's three Social Security payments, worth up to $4,555 for those who retired at 70, on Wednesday.