FRANKFURT – The European Central Bank is all but certain to raise borrowing costs to their highest level in 22 years on Thursday and leave the door open to more hikes, extending its fight against high inflation even as the euro zone economy flags. Growth across the 20 countries that ...
WASHINGTON – Time is running out on a deadline for Microsoft to complete its $69 billion acquisition of Activision Blizzard, compelling the companies to ask a US judge on Wednesday to quickly get the ball rolling on the Federal Trade Commission’s legal bid to block the deal. US District Judge Edward Davila ...
With CPI data coming in as expected and a cooler PPI, it’s clear that inflation is heading in the right direction, with the exception of a few areas such as housing. Overall, the data seal an interest rate pause from ...
What we heard from the Fed and FOMC on Wednesday: Unanimous Holding rates allows FOMC to assess additional data Tighter credit likely to weigh on activity 2023 unemployment seen At 4.1% vs. 4.5% Median rate forecasts rise to 5.6% end-`23, 4.6% end-`24Extent ...
Despite America’s attention abroad being largely Russia-focused recently, the bigger fish to fry in Washington’s eyes is China. Even as the US pours aid package after aid package into the Ukraine conflict with one hand, it still manages to raise ...
The federal government’s Bureau of Labor Statistics (BLS) released new price inflation data Tuesday, and according to the report, price inflation during May decelerated, coming in at the lowest year-over-year increase in twenty-six months. According to the BLS, Consumer Price Index (CPI) ...
The classical liberal economist Edmund Phelps wants government to aid poor people, but he clearly is not an egalitarian. His philosophy would be unacceptable to today’s “woke” egalitarians. Original Article: “Edmund Phelps on Egalitarianism“ ...
If the Labour party wins the next general election many UK small business owners will either shut down or try to sell their business. That’s the view of leading business consultant Paul Vousden based on the conclusions of a survey ...
SPX Monitoring Purposes: Long SPX on 2/6/23 at 4110.98. Monitoring Purposes GOLD: Long GDX on 10/9/20 at 40.78. Long Term SPX Monitor Purposes: Neutral. We updated this chart from yesterday. The short term picture leans bullish as the VIX remains below ...
Artificial intelligence (AI) stocks have become popular, almost fashionable. AI is a new frontier, an emerging technology offering unique opportunities and risks — but is it a smart investment? Why invest in AI? AI has the capacity to revolutionize industries, ...