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Tennis-Inspired Krejcikova emulates mentor Novotna with Wimbledon triumph
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Citi profit beats on surge in investment banking, services strength
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Yen keeps markets on edge, data points to BOJ intervention
German wholesale prices fall 0.6% in June
Date: July 12, 2024
German wholesale prices fall 0.6% in June (Reuters) – German wholesale prices fell by 0.6% in June compared with the same month last year, according to data released by the federal statistics office on Friday. The office offers more detailed economic data on its website. (Reporting by Marleen Kaesebier, editing by Kirsti Knolle)...
Ericsson’s Q2 sales fall a smaller-than-expected 7%
Date: July 12, 2024
Ericsson’s Q2 sales fall a smaller-than-expected 7% (Reuters) -Swedish telecom gear maker Ericsson reported a smaller-than-expected 7% drop in second-quarter sales on Friday as sluggish demand for 5G gear in most markets was slightly offset by 14% growth in North America. Revenue dropped to 59.9 billion crowns ($5.69 billion) from 64.4 billion crowns a year...
Tesla launches new Model 3 long-range variant at $42,490, website shows
Date: July 12, 2024
Tesla launches new Model 3 long-range variant at $42,490, website shows (Reuters) – Tesla on Thursday launched a new rear-wheel drive variant of its Model 3 long-range vehicle, at a price $5,000 lower than the all-wheel drive version, according to the electric vehicle maker’s website. The new Model 3 long-range variant is priced at $42,490....
Oil edges up as US inflation data raises rate cut hopes
Date: July 11, 2024
By Shariq Khan NEW YORK (Reuters) -Oil prices rose on Thursday, keeping the Brent benchmark above $85 a barrel, as hopes rose for U.S. interest rate cuts after data showed an unexpected slowdown in inflation. Brent crude futures were up 23 cents, or 0.3%, at $85.31 a barrel by 12:21 p.m. ET (1621 GMT). U.S....
Global stock index climbs while dollar falls after US inflation data
Date: July 11, 2024
By Sinéad Carew and Marc Jones NEW YORK/LONDON (Reuters) – A global index of stocks hit record highs on Thursday, the dollar fell and Japan’s yen surged after a tame U.S. inflation reading boosted bets the Federal Reserve will be able to start cutting interest rates. U.S. Treasury yields dropped on Thursday after U.S. consumer...
Dollar drops, yen surges as consumer prices fall in June
Date: July 11, 2024
By Karen Brettell (Reuters) -The dollar dropped on Thursday after data showed headline consumer prices unexpectedly fell in June, with the Japanese yen at one point gaining more than 2% as traders priced in the likelihood that the Federal Reserve will begin cutting interest rates in September. The sharp gain in the yen increased speculation...