Gold eases as dollar gains, Fed rate cut bets lend support
Gold was little changed after nearing a one-month high as signs of lower inflation in the U.S. raised the odds of rate cuts by the Fed as early as September.
The changing face of the Dow: See the names that have come and gone on the path to 40,000
Many companies have been added and removed in the more than 125 years of the Dow’s existence.
Europe stocks close lower as earnings dampen rally following soft U.S. inflation data; BT up 17%
European stocks closed lower Thursday as a slew of earnings weighed on a relief rally for global markets following softer-than-expected U.S. inflation data.
Markets underestimate geopolitical risk as raft of elections looms, ECB’s De Guindos says
The European Central Bank’s Financial Stability Report said that interest rate expectations have created the “potential for outsized market reactions.”
Gold, silver and platinum’s red-hot rally still has further to go, strategists say
Gold, silver and platinum prices have been on a tear so far this year. Strategists say it’s not over yet.
BT shares soar as British broadband provider targets another £3 billion in cost cuts
Shares of British telecom company BT Group surged Thursday, on the back of the firm announcing further cost-cutting.
Meta slapped with child safety probe under sweeping EU tech law
Facebook parent company Meta on Thursday was hit with a major investigation from the EU into risks of its platforms to minors.
EasyJet shares fall on profit miss, CEO departure
Shares of EasyJet fell more than 7% Thursday after the low-cost airline posted a slightly larger than expected pre-tax loss of £350 million.
China’s Baidu beats quarterly revenue estimates on ad recovery, cloud
China’s Baidu beat analysts’ estimates for first-quarter revenue on Thursday, driven by a recovery in advertising sales and higher demand for cloud products.
U.S. inflation data fuels bets of Fed rate cuts as early as September — but analysts aren’t convinced
Traders appear increasingly confident that the U.S. Federal Reserve could start cutting interest rates as early as September.
