Inflation in the Eurozone reaches 2% in October

Inflation in the Eurozone reaches 2% in October

Eurozone inflation reached 2 per cent in October, in line with the European Central Bank’s target and strengthening the argument for a smaller quarter-point rate cut in December. The annual figure from Eurostat, the EU’s statistics agency, slightly exceeded analysts’ expectations of 1.9 per cent. Last month, the inflation rate was at 1.7 per cent, … Read more

Reddit reaches record high following robust holiday-quarter projection

Reddit reaches record high following robust holiday-quarter projection

Reddit Inc. experienced a significant increase in its shares, rising by as much as 22% during after-hours trading on Tuesday following the company’s impressive sales and forecast that exceeded analyst expectations. Since its initial public offering in March, the social network operator reported sales of $348.4 million for the quarter ending in September, surpassing the … Read more