Federal Reserve Warns of Rate Hike, Prolonged Elevated Rates
In a stark advisory issued on Friday, Federal Reserve officials signaled an impending rate hike, underscoring the likelihood of sustained elevated interest rates aimed at...
Banks Face Headwinds as Federal Reserve Keeps Rates High
In a decisive move this week, the Federal Reserve conveyed its intention to maintain higher interest rates for an extended period, delivering unwelcome news to...
Services Sector Data Sparks Concerns for US Economy
New data released on Friday indicates a concerning trend in the US services sector, as it edges closer to contraction. The S&P Global Flash US...
Ford Progresses, UAW Escalates Strikes at GM and Stellantis
The United Auto Workers (UAW) union has extended its “stand up” strikes to General Motors (GM) and Stellantis, affecting plants and distribution facilities in 20...
Oil Prices Spike After Russia’s Export Ban
Oil prices experienced a sharp surge of over 1% on Friday following Russia’s decision to enforce a ban on the export of diesel and gas....
Amazon Prime Adds Advertising to Prime Video in 2024
Amazon Prime announced on Friday its plans to incorporate advertising into its Prime Video streaming service, effective early next year. This development places Amazon in...
Intel Hit with €376M Fine by European Commission
In a decisive move, the European Commission (EC) has imposed a hefty fine of 376 million Euros ($400 million) on Intel for engaging in anti-competitive...
China Eases Rules for Cross-Border Money Transfers
In a bid to counter the decline in overseas investments and tackle an economic slowdown, China has reiterated regulations ensuring unhindered cross-border money transfers for...
Activision Blizzard Acquisition Progresses for Microsoft
Microsoft (MSFT) is on the brink of surmounting its last obstacle in the United Kingdom, as it strives to secure its acquisition of the renowned...
Wall Street Stocks Rebound Post Federal Reserve Update
Wall Street stocks made a modest recovery on Friday after experiencing significant declines the previous day, triggered by the Federal Reserve’s announcement signaling a prolonged...
