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Crocs shares plummet as US shoppers rein in spending

The firms says it expects revenue for the three months to the end of August to fall by about 10% compared with last year.

Industriya Two days ago

Bank of England narrowly votes to cut interest rates to 4% as balancing act continues

The Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a "gradual and careful" approach to lowering interest rates.

Industriya Three days ago

The Lucky Continent?

While European equity markets ended the day on a slight positive note, the US market could not hold

Industriya Three days ago

Trump says Treasury Secretary Bessent 'does not want' to be Fed chair, but 4 others in running

U.S. President Donald Trump spoke Tuesday morning on CNBC's "Squawk Box."

Industriya In a week
US Services Surveys Plunge... And Soar In July As Prices Paid Spike

US Services Surveys Plunge... And Soar In July As Prices Paid Spike

Following the significant weakness exhibited by the Manufacturing surveys (and worsening 'hard' data

Industriya In a week
US Trade Deficit Shrinks To 2-Year Lows

US Trade Deficit Shrinks To 2-Year Lows

The US trade deficit narrowed in June to the tightest since September 2023 as companies scaled back

Industriya In a week

BP makes biggest find in 25 years as it refocuses on fossil fuels

The announcement comes as the UK-based energy giant refocuses its business on fossil fuels.

Industriya In a week
Key Events This Week: ISM, Trade Balance And More Earnings

Key Events This Week: ISM, Trade Balance And More Earnings

Last week was by far the busiest of the year, with a perfect storm confluence of macro, earnings and

Industriya In a week
Think Uncle Sam Owes $37 Trillion? It's Far Worse Than That

Think Uncle Sam Owes $37 Trillion? It's Far Worse Than That

When asked how far the US government has plunged into the red, many fiscally-conscious Americans wil

Industriya In a week
The Untold Story In Today's Jobs Report: The Unprecedented Purge Of Illegal Alien Workers

The Untold Story In Today's Jobs Report: The Unprecedented Purge Of Illegal Alien Workers

Any way you cut it, today's jobs report was ugly. Starting at the top, where the July print of just

Industriya 08-01

Euro zone inflation holds steady at higher-than-expected 2% in July

Economists polled by Reuters had expected the figure to hit 1.9%.

Industriya 08-01

Trump rejigs tariff rates ahead of deadline, levies 40% duties on all transshipped goods

All goods that are considered to have been transshipped to avoid applicable duties will be subject to an additional 40% tariff, according to the White House.

Industriya 08-01

Amazon's cloud business records 18% growth in second quarter

Amazon announced new business from the likes of PepsiCo during the second quarter, as revenue topped $30 billion.

Industriya 07-31

Coinbase says it's launching tokenized stocks, predictions markets for U.S. users in coming months

The expansion puts Coinbase in even closer competition with Robinhood, Gemini and Kraken, all of whom have tokenized equity offerings for users outside the U.S.

Industriya 07-31

Reddit shares jump more than 10% on second-quarter sales and guidance beat

Reddit reported second-quarter earnings on Thursday that beat on sales and guidance.

Industriya 07-31

Reddit shares jump as much as 15% on second-quarter sales and guidance beat

Reddit reported second-quarter earnings on Thursday that beat on sales and guidance.

Industriya 07-31

German inflation dips to cooler-than-expected 1.8% in July

Economists polled by Reuters had expected inflation to ease to 1.9%.

Industriya 07-31

SEC debuts ‘Project Crypto' to bring U.S. financial markets ’on chain'

The Securities and Exchange Commission on Thursday debuted “Project Crypto,” a plan to modernize securities regulations to allow crypto-based…

Industriya 07-31

Figma more than triples in NYSE debut after selling shares at $33

Fast-growing Figma’s internet software has over 13 million users, and the customer list includes Google, Microsoft and Netflix.

Industriya 07-31

Apple reports biggest revenue growth since December 2021

Apple CEO Tim Cook said that Apple would “significantly grow” its AI investments, adding that the company is “open to M&A that…

Industriya 07-31

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