BENGALURU, Jan 20 (Reuters) – The U.S. Federal Reserve will end its tightening cycle after hiking 25 basis points at each of its next two policy meetings, then likely keep interest rates stable for at least the next rest of the year, according to most economists in a Reuters poll. Fed officials generally agree that … Read more
Procter & Gamble tumbles after commodity price pressure warning Netflix down ahead of quarterly results Dow down 0.36%, S&P 500 down 0.35%, Nasdaq down 0.55% NEW YORK, Jan 19 (Reuters) – U.S. stock indexes fell on Thursday after data indicating a tight labor market fueled concerns that the Federal Reserve will maintain its aggressive rate … Read more
40% of ECB staff have little or no confidence Two-thirds say trust is damaged 63% are worried about the ECB’s ability to protect purchasing power FRANKFURT, Jan 18 (Reuters) – (This story from Jan 17 has been corrected to restore deleted words in paragraph 11) European Central Bank staff are losing faith in the institution’s … Read more
BOJ keeps interest rate targets and yield band intact BOJ Accelerates Market Mining Tool, Signals Status Quo on YCC Board raises inflation forecast but cuts growth forecast TOKYO, Jan 18 (Reuters) – The Bank of Japan kept interest rates rock-bottom on Wednesday, including a bond yield cap it struggled to defend, defying market expectations that … Read more
Euro STOXX 600 down 0.2% China’s growth in 2022 is one of the worst in nearly 50 years Asian stocks slip 0.4% Yen close to 7-month highs LONDON, Jan 17 (Reuters) – Shares tumbled on Tuesday after China’s 2022 growth slump, halting their New Year’s rally and keeping investors on edge for the risk of … Read more
DAVOS, Switzerland, Jan 16 (Reuters) – The prospect of a looming global recession cast a shadow over Davos on Monday as participants gathered for the opening of the World Economic Forum’s annual meeting weighed the likely cost to their economies and their businesses. Two-thirds of chief private and public sector economists surveyed by the WEF … Read more
JPMorgan and Wells Fargo shares jump US consumer inflation expectations are easing – survey Tesla drops after electric vehicle price cuts Indices: Dow up 0.3%, S&P 500 up 0.4%, Nasdaq up 0.7% NEW YORK, Jan 13 (Reuters) – The S&P 500 and Nasdaq ended Friday at their highest levels in a month as shares of … Read more
BEIJING, China, Jan 13 (Reuters) – China has acquired minority stakes with special rights in two domestic units of tech giant Alibaba Group Holding Ltd (9988.HK), according to company registration records, so that Beijing is extending its campaign to tighten control over the Internet. contents. Beijing has taken “preferred shares” in private online media and … Read more
Q4 profit of T$295.9 billion vs. T$289.44 billion, analysts say Fourth-quarter revenue up 26.7% year-on-year to $19.93 billion Sees 2023 investments at $32-36 billion from $36.3 billion the previous year The company plans to increase its production abroad TAIPEI, Jan 12 (Reuters) – Taiwanese chipmaker TSMC (2330.TW) warned on Thursday that first-quarter revenue would fall … Read more
CPI report expected on Thursday before the bell Bed, Bath & Beyond Extends Recent Gains NEW YORK, Jan 11 (Reuters) – U.S. stocks closed with strong gains on Wednesday, led by a jump in the Nasdaq as investors were bullish ahead of an inflation report that could give the Federal Reserve some leeway to reverse … Read more
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