Wall St Ends Down As Hot Inflation Data Raises Odds Of Steep Fed Rate Hike
By Stephen Culp NEW YORK (Reuters) – U.S. stocks closed modestly lower on Wednesday after investors digested hotter-than-expected U.S. inflation…
2022
EXPLAINER: What happens next in the Musk-Twitter saga?
In the latest twist in the Twitter-Elon Musk saga, the company has sued the billionaire Tesla CEO in an attempt…
Hot Inflation Fuels Bets On Supersized Fed Rate Hike
By Lindsay Dunsmuir and Ann Saphir (Reuters) -The U.S. Federal Reserve is seen ramping up its battle with 40-year high…
Netflix to rely on Microsoft for its ad-backed video service
SAN FRANCISCO (AP) — Netflix has picked Microsoft to help deliver the commercials in a cheaper version of its video…
Hot Inflation Fuels Bets On Super-sized July Fed Rate Hike
By Lindsay Dunsmuir and Ann Saphir (Reuters) -Investors were betting on Wednesday the U.S. Federal Reserve will deliver a super-sized…
Wall Street Wavers As Hot CPI Data Stokes Rate Hike Jitters
By Stephen Culp NEW YORK (Reuters) – Wall Street stocks fluctuated on Wednesday as investors digested surprisingly strong U.S. inflation…
Drought: Italy warns a third of farm production at risk
ROME (AP) — Italy’s agriculture minister warned Parliament on Wednesday that a third of Italy’s agricultural production was at risk…
EXPLAINER: What’s the impact of euro parity with the dollar?
The euro has hit parity with the dollar, falling to its lowest level in 20 years and even skirting just…
Bank Of Canada Surprises Markets With Largest Rate Hike In 24 Years
By Julie Gordon and Steve Scherer OTTAWA (Reuters) -The Bank of Canada on Wednesday raised its main interest rate by…
EXPLAINER: Why US inflation is so high, and when it may ease
WASHINGTON (AP) — Inflation’s relentless surge didn’t merely persist in June. It accelerated. For the 12 months ending in June,…