The Federal Reserve’s preferred inflation gauge cooled as expected in January; however, the good news came with another potential red flag for the US economic engine: Consumers pulled back their spending by the most in nearly four years.
Elastic shares jumped Friday after the data analytics software provider reported better-than-expected earnings on strong demand for products related to artificial intelligence.
German unemployment stayed at the highest level since October 2020, as concerns about deindustrialisation and weaker demand continued to weigh on the economy.View on euronews
Bitcoin continued its downward slide, falling below $80,000 on Thursday night. The leading crypto is 25% down from its all-time high that was reached just a month ago during Donald Trump’s inauguration.
In the EU’s second-biggest economy, inflation slowed to 0.8% year-on-year in February, mainly due to a fall in the price of electricity.View on euronews