GameStop, the video game company at the center of a recent meme rally, announced that it raised more than $2 billion through a stock sale. The retailer completed an at-the-market equity offering by selling 75 million shares, generating proceeds of $2.14 billion. This move was seen as a strategic decision to capitalize on the renewed
The financial markets are currently fixated on the Federal Open Market Committee (FOMC) interest rate decision, as well as crucial economic indicators such as the Consumer Price Index (CPI) and the Producer Price Index (PPI). In the wake of rate cuts by the European Central Bank (ECB) and the Bank of Canada (BOC), there are
Economists are predicting that the US annual inflation rate will hold steady at 3.4% in May. Additionally, there is an expectation for the core inflation rate to slightly decrease from 3.6% to 3.5%. These numbers play a significant role in shaping investor expectations and could have implications on the Federal Reserve’s interest rate decisions. Should
The USD/JPY pair has been on an upward trend for the fourth consecutive day, reaching a high near 157.15 during early Asian trading hours on Wednesday. This positive momentum has been driven by a sense of caution among traders, who are waiting on the sidelines for key events to unfold in the market. Two major
The dollar has stabilized after reaching a four-week high against other major currencies, reflecting the anticipation among traders for vital U.S. inflation data and the Federal Reserve’s forthcoming interest rate projections. Following a robust jobs report last Friday, which hinted at persistent inflation alongside robust growth, the likelihood of the Fed reducing rates in the
Apple device users will soon have the option to access buy now, pay later loans through Affirm for their purchases. This collaboration between the two companies is set to provide more payment choices for U.S. Apple Pay users on their iPhones and iPads. Affirm stated that this partnership will allow users to experience the convenience
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The US Dollar has shown resilience in the forex market as traders anticipate the Federal Reserve’s upcoming policy decision. With expectations of interest rates remaining steady between 5.25%-5.50%, investors are cautious in their trading activities. The currency pair USD/CHF has experienced a period of calmness as traders exercise restraint in light of the looming Fed
As the GBPUSD reached its highest level since March 13, excitement grew among traders. However, this rally was short-lived as it quickly reversed lower. This sudden shift can be attributed to the fact that the market believed the rally had gotten overstretched. Momentum indicators eased, but still remained in positive zones, signaling a complex situation
Poland is facing increasing expenditure needs related to infrastructure, climate risks, and security costs due to the war in Ukraine. The IMF official emphasized the importance of setting a “very high bar” for further fiscal loosening in order to address these needs. Prime Minister Donald Tusk’s government has already implemented measures such as hiking public
The stock market has been a mixed bag recently, with tech stocks such as Infineon Technologies and SAP seeing slight losses, while auto stocks like Daimler Truck Holding and Volkswagen experienced declines. However, there were gains for companies like Mercedes Benz Group, Porsche, and BMW. This fluctuation in stock prices reflects the uncertainty and volatility
The markets in Asia have been carefully monitoring the aftermath of the rise of right-wing parties in the European Union and how it might affect the unity of the bloc. Despite this uncertainty, EUROSTOXX 50 futures managed to increase by 0.2%, showing some stability after a slight decline on Monday. Similarly, the FTSE futures remained