ECB cuts interest rates for fourth time this year
The European Central Bank cut interest rates for the fourth time this year on Thursday and kept the door open to further easing ahead as inflation closes in on its goal and the economy remains weak.
Euro Falls Slightly After ECB Cuts Interest Rates by 25 Basis Points
The euro edged lower after the ECB cut interest rates by 25 basis points, in a statement that suggested that rates are likely to fall further.
ECB Cuts for Third Straight Time to Prop Up Flagging Economy
The European Central Bank lowered interest rates for a third consecutive meeting, signaling more reductions next year as inflation nears 2% and the economy struggles.
Euro, dollar steady before ECB, Swiss franc falls on large rate cut
The U.S. dollar was broadly steady on Thursday while the euro traded a touch higher before the European Central Bank's monetary policy decision later in the day, where a quarter-point rate cut is widely expected.
ECB cuts interest rates by a quarter-point to 3%
The European Central Bank has cut interest rates by a quarter-point to 3 per cent, warning that growth will be weaker than it had previously forecast. The ECB’s cut — its fourth reduction in borrowing costs since June — takes the central bank’s benchmark deposit rate to its lowest level since March 2023.
ECB to cut rates and signal further to come, Goldman Sachs says
Jari Stehn, chief European economist at Goldman Sachs, weighs in on the European Central Bank's final rate decision of 2024 and the growth outlook for next year.
ECB cuts rates again, keeps door open to further cuts
The European Central Bank cut interest rates for the fourth time this year on Thursday, by quarter of a percentage point, and kept the door open to more as growth is hit by political instability at home and the threat of a fresh U.
ECB, Fed Are Both Expected to Cut Rates. But Their Economies Have Very Different Outlooks.
Dow, S&P 500, and Nasdaq futures are falling in premarket trading Thursday as the stock market braces for PPI inflation data.
Elon Musk's net worth tops $400 bln, Forbes billionaires list shows
Tesla CEO Elon Musk's net worth crossed $400 billion on Thursday, the Forbes real-time billionaires list showed, boosted by a ...
Elon Musk's record $447 billion fortune means he's nearly $200 billion ahead of Jeff Bezos — and worth more than Costco
Elon Musk's net worth has rocketed by $218 billion this year — more than the entire fortune of anyone other than Jeff Bezos ...