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Fed lifts rates, Powell leaves door open to another hike in September

The Cheap InvestorJuly 26, 2023July 26, 20230

By Howard Schneider and Michael S. Derby WASHINGTON (Reuters) -The Federal Reserve raised interest rates by a quarter of a…

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California, other states move to block 3M’s $10.3 billion PFAS deal

The Cheap InvestorJuly 26, 2023July 26, 20230

By Clark Mindock (Reuters) -A group of 22 states and U.S. territories on Wednesday moved to block a proposed $10.3…

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In challenge to Tesla, automakers launch US EV charging network

The Cheap InvestorJuly 26, 2023July 26, 20230

By Abhirup Roy and Jarrett Renshaw (Reuters) -Seven major automakers on Wednesday said they were forming a new company to…

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Ship carrying nearly 3,000 cars ablaze off Dutch coast, crew member dead

The Cheap InvestorJuly 26, 2023July 26, 20230

By Charlotte Van Campenhout and Rishabh Jaiswal AMSTERDAM (Reuters) -A fire blazed on a cargo ship off the Dutch coast…

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Chipotle sales disappoint Wall St as price hikes taper

The Cheap InvestorJuly 26, 2023July 26, 20230

By Deborah Mary Sophia and Kailyn Rhone (Reuters) -Chipotle Mexican Grill missed Wall Street estimates for quarterly sales on Wednesday…

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United Airlines details temporary Newark, New Jersey airport flight cuts

The Cheap InvestorJuly 26, 2023July 26, 20230

By David Shepardson WASHINGTON (Reuters) – United Airlines said on Wednesday its decision to cut about 15 flights from its…

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Gulf central banks raise key interest rates by 25 bps, mirroring Fed

The Cheap InvestorJuly 26, 2023July 26, 20230

By Alaa Swilam and Yomna Ehab CAIRO/DUBAI (Reuters) – Most Gulf central banks increased their key interest rates on Wednesday…

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US commercial property delinquencies rise further in July -report

The Cheap InvestorJuly 26, 2023July 26, 20230

By Matt Tracy (Reuters) – Nearly $12 billon of loans in U.S. commercial mortgage-backed securities (CMBS) became newly delinquent, pushing…

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U.S. stocks close little changed as Fed leaves door open

The Cheap InvestorJuly 26, 2023July 26, 20230

By Carolina Mandl and Bansari Mayur Kamdar (Reuters) – U.S. stocks ended Wednesday little changed following a Federal Reserve rate…

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Mattel expects Barbie bounceback to spark toy sales

The Cheap InvestorJuly 26, 2023July 26, 20230

By Savyata Mishra (Reuters) -Mattel is banking on the box office success of the “Barbie” movie to help drive doll…

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