• Reuters

    ECB may accelerate rate cuts in coming months, Panetta says

    The European Central Bank's rate cutting cycle could accelerate over coming months, governing council member Fabio Panetta said on Thursday. The ECB last week cut its key interest rates by 25 basis points after a similar move in June, while the U.S. Federal Reserve lowered its own rates on Wednesday by 50 basis points, kicking off an anticipated easing cycle. Panetta, who is governor of the Bank of Italy and considered a monetary policy dove, said the move by the U.S. central bank, coupled with a sluggish euro zone economy, made a case for faster ECB cuts.

  • Yahoo Finance Video

    Apple, Alibaba, PayPal and Amazon: 3 Stories In Focus

    EU regulators warned Apple (AAPL) to open up its iPhone operating system — iOS — to rivals or face antitrust fines. Chinese e-commerce giant Alibaba (BABA) is launching over 100 AI models and tools to better compete in the generative AI landscape. In a new partnership, PayPal (PYPL) is offering Amazon Prime (AMZN) customers the chance to use the online payment platform when buying from third-party merchants on Amazon. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.

  • The Canadian Press

    Hezbollah leader says pager attack crossed a 'red line' as fears of wider war mount

    BEIRUT (AP) — The leader of Hezbollah on Thursday said this week's deadly attack on the Lebanon-based militant group's communications devices was a “severe blow” that crossed a “red line.”