Fed’s Powell: ‘Ultimate Level’ Of Rates Likely Higher Than Earlier Estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair…
November 2, 2022
Musk: People banned from Twitter won’t be restored for weeks
NEW YORK (AP) — Elon Musk said Wednesday that Twitter will not allow anyone who has been kicked off the…
U.S. SEC Proposes New Liquidity, Pricing Rules For Mutual Funds
By John McCrank and Chris Prentice (Reuters) -The U.S. Securities and Exchange Commission on Wednesday proposed new rules aimed at…
French Insurer Axa Posts A 2% Rise In Nine-month Revenue
PARIS (Reuters) – Axa on Wednesday said its revenue in the first nine months of the year increased by 2%…
Devon Energy Shares Slump On Higher Capex, Disappointing Q4 Output Outlook
DENVER (Reuters) – Shares of U.S. shale producer Devon Energy slumped more than 7% on Wednesday morning after the company…
How steep fed rate hikes affect your finances
NEW YORK (AP) — Mortgage rates continue to jump, home sales slump and credit cards and auto loans increase. Savings…
CVS, Walmart, Walgreens Agree To Pay $13.8 Billion To Settle U.S. Opioid Claims
By Brendan Pierson (Reuters) -CVS Health Corp, Walgreens Boots Alliance Inc and Walmart Inc have agreed to pay about $13.8…
Germany to force plastic makers to help pay for cleanups
BERLIN (AP) — The German government said Wednesday that it plans to make plastic manufacturers contribute to the cost of…
Ford quality chief retires as CEO tries to boost reliability
DETROIT (AP) — Ford Motor Co.’s top quality executive is retiring as the company continues to struggle with high warranty…
Humana Profit Beats On Slow Elective-care Rebound
(Reuters) -Humana Inc beat third-quarter profit estimates on Wednesday, as a sluggish recovery in elective procedures helped the health insurer…