Sweden’s central bank chief says 2 to 3 more rate cuts this year is a ‘forecast not a promise’
Erik Thedéen told CNBC the inflation outlook was more positive, particularly around inflation expectations and wage growth.
Financial News
Italy’s Meloni rattled as European Union negotiators agree deal for bloc’s top jobs
The European Union’s three main political groups have come to an agreement on who will hold the bloc’s top jobs, three officials told CNBC.
Nvidia’s half-a-trillion dollar wipeout leaves global chip stocks volatile
Global semiconductor stocks saw volatile trading on Tuesday after a slump in shares of Nvidia during the previous session.
Betting scandal inside the UK’s ruling Conservative Party mars election race
A number of officials in Britain’s ruling Conservative party have been accused of using inside knowledge to win bets on the date of the general election.
Nvidia remains a little-known brand despite briefly passing Apple, Microsoft in market cap
Even with its ascent past $3 trillion in market cap, Nvidia is far from a household name.
The stock market is in its longest stretch without a 2% sell-off since the financial crisis
Wall Street’s rise to record highs has come with very little volatility.
Experts say Shein’s U.S. IPO is all but dead
Chances for a U.S. IPO for Shein are veering toward near-zero as American public officials take a tougher bipartisan stance on Chinese e-commerce platforms.
A marathon, not a sprint: Apple’s AI push faces big challenges in China
Apple Intelligence is Apple’s big play that aims to bring artificial intelligence across its devices but there was little talk on how it will bring this to China.
Elon Musk softens ‘go f— yourself’ comment as he tries to woo advertisers back to the platform
Elon Musk said his remark telling advertisers to “go f— yourself” was meant as a general point on free speech rather than a comment to the wider industry.
Millionaires are abandoning the UK in droves, new research shows
A record number of millionaires is expected to leave the U.K. this year, according to a new report, with this year’s election expected to exacerbate the exodus.