Inflation Spiked 9.1% In June – Hitting New 40-Year High As Price Surge Fuels Recession Fears
Overall prices rose 1.3% from May – surpassing the 1.1% economists were expecting and much higher than the previous month’s increase of 1%, according to data released by the Labor Department on Wednesday.
U.S. Treasury to End 1979 Treaty with Global Minimum Tax Holdout Hungary
The U.S. Treasury on Friday said it was moving to terminate a 1979 tax treaty with Hungary in the wake of Budapest's decision to block the European Union's implementation of a new, 15% global minimum tax.
Fed Minutes Show Appetite For More Rate Hikes to Fight 'Entrenched' Inflation
The Federal Reserve was worried that inflation may become so entrenched in the U.S. economy that the public would question its resolve to fight it,
British Pound Q3 2022 Forecast: The Bank of England - It’s Time to Decide
The second quarter of the year has been a tricky three months for the Bank of England (BoE) as inflation continued to soar – and is expected to rise further - while growth slowed to a crawl, sparking fears that the UK may enter a recession (two consecutive quarters of negative growth).
Big Technology Stocks like Tesla, Amazon and Microsoft Just Finished Their Worst Quarter in Years
U.S. stocks fell Thursday to end the second quarter, prompting the S&P 500's weakest first half of the year since 1970.
World’s Most Aggressive Central Bank Raises Key Rate to 200%
Zimbabwe’s central bank raised interest rates to a record and the government officially reintroduced the US dollar as legal currency to rein in surging inflation and stabilize the nation’s tumbling exchange rate.
Darktrace: AI Cybersecurity Leader With Thrilling Financials
Darktrace was founded by Cyber Defense experts at the University of Cambridge and British Intelligence agencies in 2013.
Can Higher Interest Rates Be Good for Consumers?
The Federal Reserve's strongest weapon in its fight against skyrocketing inflation is raising interest rates.
Fed Hikes its Benchmark Interest Rate by 0.75 Percentage Point, the Biggest Increase Since 1994
U.S. stocks soared Wednesday after the Federal Reserve approved its biggest interest-rate increase since 1994 but suggested moves of that scale likely wouldn’t become common.
'Delusional': UN Chief Slams New Fossil Fuel Funding and Warns of Climate Chaos
The U.N. Secretary General has slammed new funding for fossil fuel exploration, describing it as "delusional" and calling for an abandonment of fossil fuel finance.
China Weighs Reviving Jack Ma’s Ant IPO as Crackdown Eases
Chinese financial regulators have started early stage discussions on a potential revival of Ant Group Co.’s IPO,
Why Advanced Micro Devices Rose 19.1% in May
Advanced Micro Devices’s high-performance computing and visualization products help gamers get the most from their favorite titles, and over the past five years, the most out of investors' portfolios.
Fed Starts Experiment of Tackling $8.9 Trillion Portfolio to Shrink
According to Bloomberg, the U.S. Federal Reserve is about to start shrinking its $8.9 trillion balance sheet, deploying a second tool alongside higher interest rates to curb inflation, though officials don’t know just how effective it will be.
Lululemon: Premium Brand, Premium Priced
For consumer discretionary products, brand equity is the key to gain multiple benefits such as pricing power, worth-of-mouth marketing and sales volume.