Finnish Central Bank Says New Coalition Program Breaches Laws
According to Bloomberg, Finland’s incoming government program violates national and European legislation by threatening central bank independence, the Bank of Finland said in a letter to the designated prime minister.
Federal Reserve Holds Interest Rates Steady, Forecasts Two More Rate Hikes This Year
The Federal Reserve held interest rates steady on Wednesday, June 14, but FOMC officials signaled they are prepared to raise rates again this year in due course to keep the fight against stubborn inflation.
DigitalOcean: The Little Cloud Stock that Could
Cloud computing is an incredibly important technology to most businesses because it allows them to store data online, host their website, or even develop games and mobile applications.
RBI Warily Eyes Monsoon Impact on Inflation With Policy Hold
The Reserve Bank of India left its key interest rate unchanged for a second meeting and retained its tightening stance, signaling rate-setters want to see inflation moderating further while weaker monsoon risks remain a concern.
Tesla CEO Left Beijing after His Mysterious, Reportedly Gygafactory-Related, Trip
Tesla Inc (TSLA) CEO Elon Musk met with Chinese Vice Premier Ding Xuexiang last week in Beijing.
U.S. Jobless Claims Tick Up, Still Show Strong Labor Demand, but Mostly for Low Skill Labor
Applications for U.S. unemployment benefits rose slightly last week to a level that’s still consistent with resilient demand for labor.
Berkshire Hathaway's Acquisition of Stock in a High-yield O&G Company is Attracting a Lot of Investor Interests
Warren Buffett's Berkshire Hathaway purchased just over 51,000 shares in oil and gas company Vitesse Energy (VTS) in the first quarter 2023.
Fed Minutes Show Powell Wants To Keep Rate Hike Options Open, But Path Remains Uncertain
Federal Reserve officials stressed the need to keep their options open on future rate hikes, minutes from the central bank's May policy meeting indicated Wednesday, but hinted that if the economy performs as expected, further increases might not be necessary.
What India's Decision to Scrap its 2000-Rupee Note Means for its Economy
India will withdraw its highest denomination currency note from circulation, the central bank said on Friday.
Marketmind: Get Ready for the Debt Ceiling Rally
U.S. President Biden delivers remarks on debt ceiling talks and “preventing a first-ever government default” at the White House in Washington.
Etsy: Unusual Breakout Story amid Generally Subdued Market
Before the Covid-19 pandemic, Etsy was growing nicely by connecting craft makers with customers looking for something a bit more out of the ordinary than mainstream e-commerce fare.
Former U.S. Secretary of Labor Robert Reich Urges Bypassing Congress to Raise Debt Ceiling
Robert Reich, former secretary of labor in the U.S., has called for the government to bypass Congress in order to raise the debt ceiling unilaterally.
China’s Gold Splurge Reaches Sixth Month as Reserves Rise Again
Central banks across the world continued to buy gold in the first quarter, adding 228.4 tons to global reserves, up 176% YoY, data from the World Gold Council (WGC) showed on Friday.
Federal Reserve Raises Fed Funds Rate by 25 Basis Points, Signals Possible Pause
The U.S. Federal Reserve's Federal Open Market Committee (FOMC) continued its year-plus slew of rate hikes on Wednesday, May 3, lifting the fed funds rate by 25 basis points to a targeted range of 5%-5.25%.