April UK CPI rose 2.8% YoY, below estimates, strengthening BoE rate cut expectations and weighing on the pound. The British Pound (GBP) declined to near 1.3375 against major currencies in European trading on Wednesday after UK inflation data undershot expectations. Headlin
Britain’s annual inflation rate dropped more than expected in April, easing pressure on the Bank of England to raise interest rates further. UK annual consumer price inflation fell to 2.8% in April from 3.3% in March, the Office for National Statistics reported. The readin
TSLA accelerates recruitment for autopilot roles in China as Full Self-Driving deployment faces setbacks in its largest EV market. Tesla has launched an aggressive hiring campaign in China for self-driving and autopilot positions, aiming to expedite its delayed Full Self-D
The bank's dividend rises 2.8% to $0.37, marking a forward yield of 3.74% for shareholders of record June 5. First Merchants Corp increased its quarterly dividend by 2.8% to $0.37 per share, up from the prior $0.36. The move reflects the bank's ongoing commitment to return
Britain’s annual inflation rate fell more than expected in April, easing pressure on the Bank of England for immediate rate hikes. UK annual consumer price inflation cooled to 2.8% in April from 3.3% in March, the Office for National Statistics reported. The print undersho
Farmers and Merchants Bancshares raises its semi-annual dividend by 5.9% to $0.36 per share, yielding 4.17%. Farmers and Merchants Bancshares declared a $0.36 per share semi-annual dividend, marking a 5.9% increase from the prior $0.34 payout. The move lifts the forward yi
April CPI rose 2.8% year-over-year, below the 3.0% estimate, easing pressure on the Bank of England to hike rates further. UK consumer prices increased 2.8% in April from a year earlier, below the 3.0% consensus forecast and down from March’s 3.3% print. Monthly CPI rose 0
April's PPI increase marks a slower pace than March but surpasses economist expectations of 1.0% growth. Germany’s producer price index climbed 1.2% month-over-month in April, slightly above the 1.0% consensus forecast. The reading follows a sharper 2.5% rise in March, sig
Texas Community Bancshares raises its quarterly payout to $0.06, marking a 20% increase from the previous $0.05 dividend. Texas Community Bancshares announced a 20% increase in its quarterly dividend to $0.06 per share, up from $0.05. The move reflects the bank's confidenc
Electric vehicle sales rise 34% in Europe amid oil price surge Sales of electric vehicles in Europe have increased by 34% in April. The surge in demand is attributed to the rise in retail fuel prices due to the Middle East war disruption in oil exports. The
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