Category: News

February 1, 2024

Mastercard is preparing for a speedy rollout of services in the “massive economy” of China, Mastercard’s CEO said on a call with analysts Wednesday. Mastercard, the second-largest U.S. card network, is on track to launch services in China in the […]

February 1, 2024

The Federal Reserve concluded earlier this week its first meeting of 2024, voting to maintain its policy settings unchanged. The FOMC also abandoned its tightening bias, but indicated it will not rush to cut borrowing costs. Chairman Powell went a […]

January 31, 2024

The U.S. and China had a “productive” first day of talks in Beijing about the fentanyl crisis, Jennifer Daskal, a deputy homeland security advisor, told NBC News’ Janis Mackey Frayer in an exclusive interview Tuesday. “We’re looking for results and […]

January 30, 2024

Brent crude oil was making a marvelous recovery since it consolidated in the early days of 2024 but such upward momentum has not only stalled, but cut back somewhat. After breaching the $83.50 mark, UK oil trade softened, closing around […]

January 29, 2024

Workers are sour on the job market — but that pessimism may be somewhat misplaced. The Glassdoor Employee Confidence Index in January fell to its lowest level since 2016, when the career site began tracking the metric, it said Monday. […]

January 29, 2024

Households will be cheering that inflation has more than halved over the past year, and is set to fall further in 2024. But as the price of goods and services tumbles, analysts are now starting to worry about the risk […]

January 26, 2024

US core PCE showed good progress towards the Fed reaching its desired level of inflation after printing its lowest since figure since Q1 2021. The Fed’s 2% target however, is attached to the PCE Price Index which revealed the difficulty […]

January 26, 2024

Sky News understands that the International Legal Finance Association (ILFA) wants ministers to use the Horizon Bill to reverse a Supreme Court ruling which has cast a pall across the litigation funding sector. Litigation funding sources argue that the ruling […]

January 25, 2024

The economy grew at a much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, […]

January 24, 2024

Kyle Schaefer is worried that his days as a fishing guide are numbered. He was one of five witnesses who appeared before the Senate Banking Committee on Wednesday to detail how climate change threatens the “blue economy,” a term that […]

January 24, 2024

Microsoft (NASDAQ:MSFT)’s stock market value crossed the $3 trillion milestone for the first time on Wednesday, retaining its place as the world’s second most valuable company, just behind Apple. Microsoft and Apple shares (NASDAQ:AAPL) have been vying for the top […]

January 23, 2024

Asian shares rose on Wednesday on optimism that Chinese authorities will offer support for its stock markets, which have plummeted to multi-year lows, while a hawkish tilt from the Bank of Japan lifted the yen. The MSCI’s broadest index of […]

January 22, 2024

In the world of athletic apparel and footwear, few names carry the weight and recognition of Nike , Inc. (NYSE: NYSE:NKE). With a history of dominating the market through innovation and strategic branding, Nike has become synonymous with sports and […]

January 19, 2024

EUR/USD lacked directional conviction on Friday, holding above its 200-day simple moving average at 1.0840. To boost sentiment towards the euro, this floor must remain intact, as a breach may lead to a decline towards 1.0770. If weakness persists, all […]

January 18, 2024

Talking to Sky News on the fringes of the World Economic Forum in Davos, Jeremy Hunt said that while he has yet to see the fiscal numbers ahead of the March event, he is hopeful of reducing taxes. Sponsored link […]

January 16, 2024

Wage growth has fallen sharply from 7.3% to 6.6%, while vacancies dropped further in the longest run of declines on record. The Office for National Statistics (ONS) said private sector regular earnings, excluding bonuses, rose by 6.6% in the three […]

January 16, 2024

German inflation rose to 3.7% in December, up from the prior 3.2% in November. The HICP measure rose to 3.8%, up from 2.3% in November. The rise in the data was preceded by numerous warnings by prominent ECB officials that […]

January 12, 2024

As inflation continues to throttle back across the broad U.S. economy, some consumer categories have sunk into outright deflation. In other words: Americans are seeing prices decline for certain items. Those pullbacks have largely been among physical goods rather than […]

January 11, 2024

The Financial Conduct Authority (FCA) said it was a reaction to rising tensions between consumers and lenders over so-called discretionary commission arrangements across the motor finance market – a practice that was banned in 2021. It promised that settlements would […]

January 10, 2024

The fintech industry saw more pain in 2023, with overall investment falling by half as higher interest rates and worsening macroeconomic conditions caused investors to tighten their belts, according to global investment figures shared exclusively with CNBC. The data from […]