Category: Industries

March 24, 2023

Shares in Deutsche Bank fell sharply Friday, dragging down major European banks and leading German Chancellor Olaf Scholz to express confidence in the solidity of the country’s largest lender as fears about the global financial system sent fresh shudders through […]

March 22, 2023

A plan by House Republican leaders to trim funding across government agencies would have a “very real and damaging” impact on families, communities and the economy, U.S. Education Secretary Miguel Cardona has told Committee on Appropriations Ranking Member Rep. Rosa […]

March 21, 2023

The New England Commission of Higher Education, or NECHE, said in January it intended to nix Bay State’s accreditation. But the for-profit institution, which has grappled with years of enrollment declines and a ballooning budget deficit, said it intended to […]

March 21, 2023

U.S. existing-home prices fell from a year earlier in February for the first time in 11 years, as a dip in mortgage rates caused home sales to surge from January levels. The national median existing-home price fell 0.2% in February […]

March 20, 2023

Germany’s producer price inflation eased for the fifth straight month in February to reach its lowest level in nearly one-and-a-half years amid a continued slowdown in energy prices, preliminary data from Destatis showed on Monday. The producer price index, or […]

March 20, 2023

Shares of Credit Suisse plunged 60.5% on Monday after banking giant UBS said it would buy its troubled Swiss rival for almost $3.25 billion in a deal orchestrated by regulators to try to stave off further turmoil in the global […]

March 16, 2023

Financial institutions took billions in short-term loans this week from the Federal Reserve as the industry copes with a serious crisis of confidence and liquidity, the central bank reported Thursday. Utilizing tools the Fed rolled out Sunday, banks looking for […]

March 15, 2023

Sweden’s consumer price inflation increased unexpectedly in February, largely driven by higher food costs, data from Statistics Sweden showed on Wednesday. The consumer price index rose 12.0 percent year-over-year in February, faster than the 11.7 percent increase in January. Economists […]

March 13, 2023

Two large banks that cater to the tech industry have collapsed after a bank run, government agencies are taking emergency measures to backstop the financial system, and President Joe Biden is reassuring Americans that the money they have in banks […]

March 10, 2023

Crude Oil faced renewed selling pressure this morning in what has been a difficult week for the commodity. This followed a positive start to the week as WTI by broke above the 100-day MA for the first time since November […]

March 9, 2023

According to the latest data from the Royal Institute for Chartered Surveyors (RICS), the housing market in the UK remains weak. However, RICS’ report suggests green shoots of growth are appearing, which could support the market during the rest of […]

March 8, 2023

Wedbush analysts raised the price target on Apple (NASDAQ:AAPL) stock to $190 per share from $180 to reflect positive Asia checks on iPhone demand. They also reaffirmed the Outperform rating and Apple’s place on Webush’s Best Idea List. Asia checks […]

March 7, 2023

Crude oil is looking for its 6th consecutive positive day this Tuesday which has gathered steam from positivity around the Chinese economy. Although China revised growth forecasts (GDP) higher to 5% after a roughly 3% last year, markets were expecting […]

March 3, 2023

Sky News understands the chancellor will cancel a reduction in support that would have seen typical annual bills rise from £2,500 to £3,000. In recent days, the government has asked energy suppliers to prepare for both scenarios, fuelling a widespread […]

March 1, 2023

A few U.S. Supreme Court justices appeared skeptical Tuesday that a band of Republican-controlled states and two borrowers have the right to sue to overturn the Biden administration’s plan to forgive broad amounts of federal student loan debt. Whether that […]

February 28, 2023

A few U.S. Supreme Court justices appeared skeptical Tuesday that a band of Republican-controlled states and two borrowers have the right to sue to overturn the Biden administration’s plan to forgive broad amounts of federal student loan debt. Whether that […]

February 28, 2023

The sharp rebound in natural gas in recent days is a sign that bears are getting exhausted. However, it may be premature to assume that the worst is over. Natural gas fell to a 2.5-year low last week before rebounding […]

February 28, 2023

The Pentagon will have secure access to leading-edge semiconductors manufactured at facilities receiving funding from the $53 billion Chips Act, Commerce Secretary Gina Raimondo said, ensuring the industry can supply the military with the advanced chips it needs for modern […]

February 27, 2023

Even though wholesale energy prices have been falling, households will see their bills go up from April as the government support that has been shielding us from the worst of the energy crisis is reduced. The energy regulator today announced […]

February 24, 2023

Six months ago, Cornwall Insight, a consultancy that nobody had previously heard of, was forecasting that the energy price cap would reach £6,616 per year. Mainstream media accepted that without question. In fact, the price cap was set at £2,500 […]