Senate confirms Powell for 2nd term as Fed fights inflation
WASHINGTON (AP) — The Senate on Thursday confirmed Jerome Powell for a second four-year term as Federal Reserve chair, giving…
Bank Of Canada Says Rates Are Too Stimulative, Downplays 75 Bps Hike
By Julie Gordon and David Ljunggren OTTAWA (Reuters) -The Bank of Canada’s policy rate, at 1%, is “too stimulative” given…
Dollar Rally Accelerates Slide In Metals
By Ashitha Shivaprasad (Reuters) – Gold and other precious metals dropped on Thursday, with palladium shedding more than 8%, as…
U.S. Treasury’s Yellen Says Fed Can Bring Down Inflation Without Causing Recession
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said that she believes the Federal Reserve can bring down inflation without causing…
Swedish Match Investors Divided Over Philip Morris Bid
By Richa Naidu LONDON (Reuters) -Some Swedish Match investors are divided about whether Philip Morris’ $16 billion offer for the…
Balkan Companies See ‘near-shoring’ Opportunity With Global Supply Woes
By Daria Sito-Sucic SARAJEVO (Reuters) – As supply chain disruptions caused by the COVID-19 pandemic, war in Ukraine and lockdowns…
Is Disney the Happiest Place on Earth for Investors?
M-I-C-K-E-Y M-O-U-S-E! Ah the joyous sound of children singing that song. This is one of the many reasons why the…
U.S. Labor Market Still Tightening; Producer Price Gains Moderate
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly rose last week,…
Average long-term US mortgage rates edge up to 5.3%
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged up again this week, with interest on the key 30-year loan…
Swedish Match Top 10 Investor Says Philip Morris Bid A ‘healthy Premium’
LONDON (Reuters) – Philip Morris’ $16 billion offer for Stockholm-based Swedish Match represents a “healthy premium” and the Marlboro maker…