Bank of England raises rates to 4.5% and sees slow inflation fall
(Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5%…
Sonos stock tumbles 25% after cutting FY outlook; brokers remain positive
Sonos (NASDAQ:SONO) shares fell 25% Thursday after the company lowered its outlook for the second half of the year. Although…
NVIDIA Q1 preview: expect in-line revenue and higher gross margins, company is “best-in-class AI play”
Rosenblatt Securities analysts reiterated their Buy rating and $320 Price Target on NVIDIA (NASDAQ:NVDA) ahead of the company’s upcoming quarterly…
PacWest says has $15 billion of immediately available liquidity
(Reuters) – PacWest Bancorp has $15 billion of immediately available liquidity and enough resources to fund its cash flow needs…
India stocks lower at close of trade; Nifty 50 down 0.10%
India stocks were lower after the close on Thursday, as losses in the Capital Goods, Metals and Healthcare sectors led shares lower. At the close…
Oil prices climb on positive US fuel demand data
(Reuters) – Oil prices bounced back on Thursday after dropping by more than a dollar a barrel the previous day,…
Gold steady, copper slides as markets digest mixed CPI reading
Gold prices steadied in early trade on Thursday, while copper prices nursed steep losses as data showed that U.S. inflation…
Cost of insuring against U.S. default rises to highest since 2009
(Reuters) – The cost of insuring against a U.S. default rose to its highest since early 2009 on Thursday, in…
SoftBank books narrower loss after Alibaba stake sell-down
(Reuters) – Japan’s SoftBank Group Corp on Friday posted a sharply narrower annual loss after a capital raise using its…
Bayer sees 2023 results at lower end of range as weedkiller prices drop
(Reuters) – Drug and pesticide maker Bayer (OTC:BAYRY) said its 2023 results would likely come in at the lower bound…