EDGED UP TO 2% IN MAY, AND THE CONTEXT OF A STRONG INCREASE IN DEMAND WHILE CREDIT STANDARDS TIGHTENED SLIGHTLY IN THE SECOND QUARTER. SO IN CONCLUSION, THE GOVERNING COUNCIL TODAY DECIDED TO KEEP THE THREE KEY ECB INTEREST RATES UNCHANGED. WE ARE DETERMINED TO ENSURE THAT INFLATION STABILIZES AT OUR 2% TARGET IN THE MEDIUM TERM. WE WILL FOLLOW A DATA-DEPENDENT AND MEETING BY MEETING APPROACH TO DETERMINING THE APPROPRIATE MONETARY POLICY STANCE. OUR INTEREST RATE DECISIONS WILL BE BASED ON OUR ASSESSMENT O ...

💥BREAKING:PRESIDENT TRUMP IS ON HIS WAY TO THE FEDERAL RESERVE NOW TO PRESSURE POWELL TO CUT RATES! https://t.co/A1LRFluJ2C ...

I want to talk to you about big tech earnings first. What we saw from Alphabet, strong earnings all across the board, uh growth in cloud, more adoption of its Gemini product. Do you think that's a big tailwind when it comes to big tech or investors, you know, perhaps seeing it price to perfection and looking for any weak spots in upcoming reports.>> I think this is really more of a tailwind and it really shows also that AI it remains the big story not only on on stock markets but really also for for macro a ...

European Central Bank President Christine Lagarde comments on monetary policy, the outlook for the euro-area economy, the inflation situation and concerns related to trade policy and geopolitical uncertainty. She speaks at a news conference in Frankfurt after the Governing Council decided to keep interest rates unchanged for the first time in more than a year. This is the opening statement of her press conference. 00:00 - ECB's decision to keep interest rates unchanged 01:50 - Euro-area economic growth in f ...

Financial Data and Key Metrics Changes - Second quarter sales decreased by 3% to $67.7 million, driven by a 13% decrease in the number of boats sold, partially offset by a 10% increase in price and mix [10] - Gross profit decreased to $12.9 million, but gross profit margin increased by 20 basis points to 19.1% [10] - SG&A expenses rose by 9% to $8.1 million, with SG&A as a percentage of sales increasing by 130 basis points to 12% [11] - Diluted EPS fell to $0.12 from $0.14 in the previous year [11] - EBITDA decreased to $5.6 million from $6.5 million last year [12] - Year-to-date operating cash flow was $90.2 million, with free cash flow at $8.6 million [12] - The company ended the quarter with $50 million in cash and no debt [12] Business Line Data and Key Metrics Changes - The company noted that retail sales declined industry-wide during the first four months of 2025, but managed to reduce field inventory by 11% year over year [6] - The introduction of new models last year was well received, and the company is excited about the 2026 model year rollout with several portfolio-wide changes [8][14] Market Data and Key Metrics Changes - The company observed that channel inventory levels are stabilizing, and there are positive signs of declining inventory levels [5] - Interest rates remain elevated, but potential rate cuts could stimulate spending among dealers and consumers [6][8] Company Strategy and Development Direction - The company is focused on positioning its brands for improved future demand and maximizing returns on investments [6] - There is an ongoing evaluation of acquisition opportunities and partnerships to enhance the company's portfolio [14] - The company aims to maintain strong relationships with dealers regarding channel inventory management [9] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the industry working through excess inventory and the potential for improved sales in the second half of 2025 [5] - The company is closely monitoring tariff changes and their impact on input costs, including engines and materials [7] - Management highlighted the importance of maintaining dialogue with government representatives regarding trade negotiations [8] Other Important Information - The company plans to demonstrate new models to dealers at the August year meeting [14] - The company has maintained a strong balance sheet, positioning itself as a buyer of choice for high-quality assets [14] Q&A Session Summary - There were no questions during the Q&A session [15]

The ECB hits pause. Interest rates unchanged. That decision just dropping 2% on the deposit rate widely expected in line with the previous decision.Yeah, they're not going to pre commit to any particular path. They're going to take it meeting by meeting. But they are saying that they are determined to ensure that inflation stabilizes.That said, there are so many questions. Does this mean they're done or does this mean there's one more and what will it take for them to really begin cutting rates again. The n ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

The ECB kept interest rates unchanged for the first time in more than a year https://t.co/utz4q7B8d2 ...

Turkey’s central bank lowered interest rates for the first time since March, resuming a cutting cycle that was derailed by a political crisis stemming from the arrest of a leading opposition figure https://t.co/aW3sCK7ZFu ...

South Africa’s tame inflation has created room for the central bank to cut interest rates at each of its three remaining meetings this year, according to Goldman Sachs Group Inc. and Investec Bank Ltd https://t.co/u7RdyQYRMO ...