Fed Cred and the 24 Hour Rule
Market participants breathlessly awaited the latest Fed Decision. A white-hot CPI report last Friday had markets abuzz. Would Powell &…
June 16, 2022
Wall Street Slammed As Recession Worries Mount
By Shreyashi Sanyal and Sruthi Shankar (Reuters) – U.S. stock indexes tumbled on Thursday, with growth shares bearing the brunt…
Ferrari to make 80% hybrid and full-electric range by 2030
MILAN (AP) — Italian luxury sportscar maker Ferrari on Thursday outlined an electrification strategy that calls for 40% full-electric vehicles…
Wall Street Opens Sharply Lower On Recession Worries
(Reuters) – U.S. stock indexes opened sharply lower on Thursday, with growth shares taking the biggest hit, after the Federal…
Crypto Volatility Knocks More Stablecoins Off Their Peg
By Lisa Pauline Mattackal and Medha Singh (Reuters) – Major cryptocurrency volatility has hit stablecoins, typically considered the market’s safer-havens,…
Fewer Americans apply for jobless aid last week
WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week as the U.S. job market remains strong in the…
BoE Nudges Rates Up Again But Says It’s Ready To Act Forcefully
By Andy Bruce and William Schomberg LONDON (Reuters) -The Bank of England stuck to its gradual increases in interest rates…
EU beefs up disinformation code amid Russia fake news fears
LONDON (AP) — The European Union is beefing up its code of practice on disinformation by enlisting more tech companies…
Revlon files for bankruptcy protection amid heavy debt load
NEW YORK (AP) — Revlon, the 90-year-old multinational beauty company, has filed for Chapter 11 bankruptcy protection, weighed down by…
Production at bedeviled baby formula factory halted by storm
Severe weather has forced Abbott Nutrition to pause production at a Michigan baby formula factory that had just restarted after…