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Sweden's Riksbank Raises Rate As Expected; Signals Additional Hike

Sweden's Riksbank Raises Rate As Expected; Signals Additional Hike

The Swedish central bank raised its key policy rate by a quarter point and hinted at further tightening as inflationary pressures remain too high amid unjustifiably weaker currency. The Executive Board of Riksbank, led by Governor Erik Thedeen, decided to raise the policy rate by 0.25 percentage points to 4.00 percent.
RTTNews | Před 708 dny
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Bay Street Looks Headed For Weak Start

Bay Street Looks Headed For Weak Start

Canadian shares are seen opening lower on Thursday, weighed down by concerns about economic slowdown as central banks are set to keep interest rates higher for longer to combat inflation.
RTTNews | Před 708 dny
Pound Slides After BOE Hold Rates Unexpectedly

Pound Slides After BOE Hold Rates Unexpectedly

The British pound weakened against other major currencies in the late European session on Thursday, after the Bank of England kept its benchmark rate unchanged unexpectedly, thus having a pause in the rate hike cycle that saw interest rates being raised in 14 consecutive sessions.
RTTNews | Před 708 dny
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the late European session on Thursday.
RTTNews | Před 708 dny
Darden Restaurants Reiterates FY24 Outlook - Update

Darden Restaurants Reiterates FY24 Outlook - Update

While reporting financial results for the first quarter on Thursday, restaurant company Darden Restaurants, Inc. (DRI) reiterated its earnings guidance for the full year 2024. The company also reported blended same-restaurant sales increase of 5.0% and the addition of 46 net new restaurants in the first quarter.
RTTNews | Před 708 dny
Amazon Unveils AI Version Of Alexa, Other Devices, New Features

Amazon Unveils AI Version Of Alexa, Other Devices, New Features

Amazon.com. Inc. has unveiled a bunch of smart home devices, including an upgraded, AI-powered Alexa and all-new Echo Frames and Carrera Smart Glasses collection, as well as new features for giving users more intuitive, personalized experiences. These next generation of new devices and features are driven by advancements in AI. Most of the new products are available for pre-orders.
RTTNews | Před 708 dny

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