News

Dell Technologies reported fiscal first-quarter earnings that missed expectations, but offered a stronger-than-expected forecast for the current quarter.

• Prior +3.6%
• Loans to households Y/Y +1.9% vs +1.7% prior
• Loans to companies Y/Y +2.6% vs +2.3% prior

This is not a market moving release. The money supply growth should have been expected given the ECB easing.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Shein’s embattled IPO has hit it latest roadblock after reportedly failing to receive approval from Chinese regulators.

The other German state releases around the same time:

• Hesse CPI +2.3% vs +2.3% y/y prior
• Brandenburg CPI +2.2% vs +2.2% y/y prior
• Saxony CPI +2.3% vs +2.4% y/y prior
• North Rhine Westphalia CPI +2.0% vs +1.8% y/y prior
• Baden Wuerttemberg CPI +2.2% vs +2.4% y/y prior

Not much change from the prior figures. Again, the data won’t change the ECB plans for the time being.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

Starbase was officially formed earlier this month after Elon Musk’s aerospace and defense contractor prevailed in a local election.

AEO reported quarterly earnings that missed expectations, reflecting a $75 million merchandise write-down, following the company pulling its full-year guidance.

The SEC has formally dropped its lawsuit against Binance and founder Changpeng Zhao, ending one of the last crypto enforcement actions by the agency.

American and United are revamping their international business class

The personal consumption expenditures price index was expected to show a 2.2% annual rate in April.

Major beer brands like Guinness, Budweiser and Heineken have rolled out non-alcoholic alternatives over the last five years.