In a recent statement made by deputy governor Andrew Abir, it was revealed that the Bank of Israel is not expected to reduce short-term interest rates at its upcoming policy meetings in 2024. This decision comes as a response to increasing price pressures and ongoing geopolitical risks in the region. The central bank has maintained
Typhoon Shanshan hit Japan with full force, causing widespread devastation and disruption to daily life. The torrential rain and strong gusts brought by the typhoon have led to severe consequences across various regions in the country. The impact of the storm has been felt not only in terms of infrastructure damage but also in terms
One stock that caught the attention of CNBC TV’s producers during Thursday’s trading was Marvell Technology. The stock saw an 8% increase after hours due to better-than-expected revenue in the latest quarter. However, it is important to note that Marvell is down 18% from its March high, despite a recent 8% increase. In addition, the
Universal Studios has officially announced the release date for the highly anticipated Pharrell Williams-Michel Gondry musical feature, Atlantis, which is set to hit theaters on May 9, 2025. The film is inspired by Williams’ childhood experiences at the Virginia Beach Atlantis Apartments back in the summer of 1977. This musical project promises to take audiences
American Eagle reported missing Wall Street’s sales targets for the second consecutive quarter, causing its shares to fall over 8% in early trading. However, despite the sales disappointment, the company’s profit grew significantly by almost 60% due to lower product costs. The reported net income for the three-month period was $77.3 million, or 39 cents
Dollar General’s shares tumbled almost 30% after the company reduced its sales and profit guidance for the full year. CEO Todd Vasos attributed the softer sales trends to financially constrained core customers. The retailer also reported disappointing results for the fiscal second quarter. This news impacted competitor Dollar Tree as well, with their shares falling
The recent decision by the electoral commission in Poland to cut state funding for the Law and Justice (PiS) party has raised questions about the consequences of misusing public money for campaigning. The loss of millions in funding for the largest opposition party in Poland is likely to have a significant impact on its future
France’s President Emmanuel Macron is set to visit Belgrade in an effort to strengthen ties with Serbia and bring the Balkan country closer to the West. This visit comes at a crucial time as Serbia navigates its European Union membership bid while maintaining close relationships with Russia and China. Macron is scheduled to meet with
The tech and chip-related stocks in Asia took a hit on Thursday, following the release of Nvidia’s second-quarter results. Companies with direct ties to the U.S. tech giant, such as South Korean chipmakers SK Hynix and Samsung Electronics, experienced the most significant losses. SK Hynix, known for manufacturing high bandwidth memory chips for Nvidia, saw
Recently, Deputy Governor Andrew Abir of the Bank of Israel made a statement indicating that the central bank is unlikely to lower short-term interest rates at its upcoming policy meetings. This decision comes in light of rising price pressures and persisting geopolitical risk. The Bank of Israel had previously held its benchmark interest rate at