Powell expects a quarter-point Fed rate hike this month
WASHINGTON (AP) — Chair Jerome Powell said Wednesday that he supports a traditional quarter-point increase in the Federal Reserve’s benchmark…
2022
Citigroup Sets New Profitability Targets In Bid To Win Over Investors
By David Henry and Noor Zainab Hussain NEW YORK (Reuters) -Citigroup Inc set new profitability targets on Wednesday at its…
Nordstrom Shares Surge 32% As Shoppers Return To Rack Stores
(Reuters) – Shares of Nordstrom Inc soared more than 32% on a faster-than-expected recovery at the company’s off-price Rack outlets…
Futures Make Tentative Gains Ahead Of Powell Testimony
By Devik Jain (Reuters) – U.S. stock index futures notched cautious gains on Wednesday, ahead of Federal Reserve Chair Jerome…
Ford’s fork in the road: EV, internal combustion are split
Ford will split its electric vehicle and internal combustion operations into two individual businesses to accelerate its adaptation of new…
Oil Spikes As Russian Supply Concerns Increase Amid Sanctions
By Noah Browning LONDON (Reuters) – Oil prices surged on Wednesday as supply disruption fears mounted following hefty sanctions on…
Crippled By Sanctions, Russia’s Top Bank Quits Europe
MOSCOW (Reuters) -Russia’s largest lender Sberbank is quitting almost all European markets, blaming big cash outflows and threats to its…
Inflation in 19 nations using euro sets record for 4th month
LONDON (AP) — Surging energy costs have driven inflation in Europe to another record high, raising questions about when the…
Russia Bans Payments To Foreigners Holding Rouble Bonds, Shares
MOSCOW (Reuters) – Foreign investors are effectively stuck with their holdings of Russian stocks and rouble-denominated bonds after the central…
Germany to give $720 million to Holocaust survivors globally
BERLIN (AP) — The organization that handles claims on behalf of Jews who suffered under the Nazis said Wednesday that…