Saturday, December 21, 2024
Home > Contraction

Eurozone Inflation Hits Two-Year Low as Economic Contraction Persists

Despite the varied economic performance across the 20-country common currency bloc, the challenges stemming from high inflation persist. The Eurozone is grappling with a significant economic downturn, as recent data indicate a sharp drop in inflation and a contraction in the region’s economy. According to a preliminary report published Tuesday by Eurostat,

Read More

Ericsson Q1 2023 Outing Receives Sales Boost from Indian Market amid US Contraction

In its Q1 2023 report, Swedish telecom giant Ericsson described India as a viable market that drove sales up fivefold.  Ericsson (NASDAQ: ERIC) recently reported its Q1 2023 earnings which beat expectations and revealed a boost in quarterly profit. On Tuesday, the Swedish telecom giant first-quarter core earnings benefited from increased sales of 5G

Read More

BItcoin’s Sudden Drop to $9k Coincides With Fed’s Balance Sheet Contraction

Bitcoin plunged back towards $9,000 despite showing signs of upside correction in the early Friday session.The latest price correction coincided with the Federal Reserve’s balance sheet contraction that strengthened the US dollar.S&P 500 remained closed on Friday for the Independence Day holiday.The past 24 hours saw Bitcoin breaking its short-term

Read More