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  • Global banks raise forecast to 4% peak for key ECB rate

    Global banks raise forecast to 4% peak for key ECB rate0

    Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to peak at 3.75%, following a 25 basis points (bps) hike in July, they said in notes after the central bank meeting. The ECB raised euro zone borrowing costs to their highest level in 22 years

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  • 4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings

    4 Big Analyst Picks: Accenture Upgraded To Neutral Ahead of Q3 Earnings0

    Earlier this week, the company announced a $3 billion investment over three years in its Data & AI practice. The expansion includes new industry solutions, the AI Navigator for Enterprise platform, a Center for Advanced AI, and doubling their AI talent to 80,000 people. The company is set to report its Q3/23 earnings on June

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  • Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance

    Toyota Wins Over Shareholders at AGM After Questions On Strategy, Governance0

    Toyota shareholders backed the board and voted down the first resolution proposed in 18 years at an annual general meeting (AGM) on Wednesday, an endorsement of the automaker a day after it laid out an extensive electric vehicle strategy. EV ROADMAP Toyota aims to produce more efficient, faster-charging versions of current batteries to improve EV

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  • Nikkei Closes Above 33,000 For The First Time In 33 Years

    Nikkei Closes Above 33,000 For The First Time In 33 Years0

    Japan’s benchmark Nikkei gauge surged on Tuesday, closing over 33,000 for the first time in 33 years, led by technology shares on expectations of a flood of investment in chip-related companies. SoftBank Group Corp jumped 5.25% on reports it may team up on an AI venture with Chat GPT operator Open AI and that its

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