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Pound Falls As BoE Governor Bailey Hints At Aggressive Rate Cuts

Pound Falls As BoE Governor Bailey Hints At Aggressive Rate Cuts

The British pound weakened against other major currencies in the European session on Thursday, after Bank of England Governor Andrew Bailey reportedly hinted at 'more aggressive' path for cutting interest rates if inflation news stays positive.
RTTNews | 57天前
OpenAI Raises $6.6 Bln In Funding With $157 Bln Valuation

OpenAI Raises $6.6 Bln In Funding With $157 Bln Valuation

Chatbot ChatGPT maker OpenAI has raised $6.6 billion in its new funding round to accelerate its efforts in the artificial general intelligence or AGI for humanity's benefit, reaching post-money valuation at $157 billion. In a blog post, the Microsoft-backed AI startup noted that the new funding would allow it to double down on its leadership in frontier AI research, increase compute capacity...
RTTNews | 57天前
Eurozone Private Sector Contracts For First Time In 7 Months

Eurozone Private Sector Contracts For First Time In 7 Months

The euro area private sector shrank for the first time in seven months in September as Germany, France and Italy recorded contractions simultaneously for the first time in 2024 so far, data compiled by S&P Global showed on Thursday. The final HCOB composite output index fell to 49.6 in September from a three-month high of 51.0 in August. The flash score was 48.9.
RTTNews | 57天前
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Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 57天前
NZ Dollar Falls Amid RBNZ Rate Cut Speculation

NZ Dollar Falls Amid RBNZ Rate Cut Speculation

The New Zealand dollar weakened against other major currencies in the Asian session on Thursday, as traders speculate the Reserve Bank of New Zealand is likely to slash its interest rate at the next monetary policy meeting.
RTTNews | 57天前
Amazon's Prime Big Deal Days Starting Oct. 8

Amazon's Prime Big Deal Days Starting Oct. 8

Amazon has unveiled deep discounts and millions of early holiday deals worldwide from top categories for Prime Members during Prime Big Deal Days, ahead of the upcoming holiday season. Starting October 8, the e-commerce giant is offering some of its lowest prices of the year so far on select products in various categories of electronics, home, toys, beauty, and apparel.
RTTNews | 57天前

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