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An unexpected increase: Fed's favorite inflation measure heated up last month
An unexpected increase: Fed's favorite inflation measure heated up last month
The Federal Reserve's preferred inflation gauge bounced higher in April, underscoring Fed Chair Jerome Powell's warning that reining in price hikes "is likely to be bumpy," but also increasing the odds for further rate hikes.
2023-05-26 20:59
EV maker Rivian sees stable demand through the year - CFO
EV maker Rivian sees stable demand through the year - CFO
Electric vehicle maker Rivian Automotive expects demand for its pickups and SUVs to remain stable through the year,
2023-06-16 03:25
Oil at $100 a Barrel is Looking Less Likely After All
Oil at $100 a Barrel is Looking Less Likely After All
The big bang expected for oil prices this year is turning into a whimper. Just weeks ago, Brent
2023-11-09 18:17
Fifth Third expects further interest income weakness after quarterly profit falls
Fifth Third expects further interest income weakness after quarterly profit falls
Fifth Third Bancorp said on Thursday it expects interest income (NII) to decline again in the current quarter
2023-10-19 20:50
Korea Plans Wider Probe Into Stock Short-Selling by Global Banks
Korea Plans Wider Probe Into Stock Short-Selling by Global Banks
South Korea’s financial watchdog plans a wider probe into short-selling trades by global investment banks in the $1.6
2023-10-31 13:17
Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?
Surprisingly durable US economy poses key question: Are we facing higher-for-longer interest rates?
A year ago, Chair Jerome Powell warned that to fight high inflation, the Federal Reserve would continue to sharply raise interest rates, bringing “some pain” in the form of job losses and weaker economic growth
2023-08-23 17:20
Marketmind:China worries keep investors jittery
Marketmind:China worries keep investors jittery
A look at the day ahead in European and global markets from Ankur Banerjee Markets are still reeling from China's
2023-07-18 12:55
Holidays at home for record number of Chinese as economic slowdown bites
Holidays at home for record number of Chinese as economic slowdown bites
By Casey Hall and Sophie Yu SHANGHAI A record number of Chinese are choosing to travel at home
2023-09-28 09:28
WE Soda Scraps London IPO in Another Blow to UK Market
WE Soda Scraps London IPO in Another Blow to UK Market
WE Soda canceled its London initial public offering just two weeks after unveiling its plan for a listing,
2023-06-15 00:19
Asian shares tentative, US debt ceiling talks weigh on risk appetite
Asian shares tentative, US debt ceiling talks weigh on risk appetite
By Ankur Banerjee SINGAPORE Asian shares were subdued on Wednesday and the dollar hovered around a five-week peak
2023-05-17 10:56
Woman rescued from outhouse toilet after climbing in to retrieve Apple Watch, Michigan police say
Woman rescued from outhouse toilet after climbing in to retrieve Apple Watch, Michigan police say
A woman was rescued Tuesday from an outhouse toilet in northern Michigan after she climbed in to retrieve her Apple Watch and became trapped
2023-09-21 06:48
Cheniere quarterly revenue tumbles on lower LNG prices
Cheniere quarterly revenue tumbles on lower LNG prices
Cheniere Energy Inc's quarterly revenue nearly halved, the top U.S. liquefied natural gas (LNG) exporter said on Thursday,
2023-08-03 18:21