image
Bitcoin

European stocks mixed; strong AstraZeneca numbers help U.K. outperform

  • 2 years ago
  • 0 Comments

AstraZeneca stock rose 3.5% after the drugmaker delivered better-than-expected profits and sales in the second quarter as a strong performance of its blockbuster cancer drugs helped offset the loss of COVID-19 vaccine sales. The company also announced its unit Alexion (NASDAQ:ALXN) has agreed to buy Pfizer's (NYSE:PFE) early-stage rare disease gene therapy portfolio for up to $1 billion.

image
Crypto

ECB's Kazimir wants further 'step' on rates

  • 2 years ago
  • 0 Comments

FRANKFURT (Reuters) - The European Central Bank should take "a firm step further" on interest rates but whether or not it will come in September depends on incoming data, ECB policymaker Peter Kazimir said on Friday. The ECB increased interest rates for a ninth consecutive time on Thursday but raised the possibility of a pause in September as inflation pressures show tentative signs of easing and recession worries mount.

image
Coinbase

U.S. Economic Data Surprises to the Upside, Thanks to Private Investment

  • 2 years ago
  • 0 Comments

The latest GDP data for the US economy presented a positive surprise, as it increased by 2.4% instead of the expected 1.8%. This suggests that the economy is improving and may not face a recession, contrary to what some banks were predicting for 2023. The growth was mainly driven by consumer spending and private investment, particularly in the manufacturing sector. This is excellent news, as it shows that businesses are confident about the economy's future and are expanding their production capabilities accordingly.