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Category: News


News

A Peek Into The Markets: US Stock Futures Edge Lower; Fed Minutes In Focus

May 25, 2022

Via: Markets Insider

U.S. stock futures traded slightly lower in early pre-market trade after the Nasdaq Composite tumbled around 270 points in the previous session. Investors are awaiting earnings results from DICK’S Sporting Goods, Inc. (NYSE:DKS), NVIDIA Corporation (NASDAQ:NVDA) and Williams-Sonoma, Inc. (NYSE:WSM). […]


Financial Services, Industries, News

US, banks unveil plan to ease food crisis from Russia’s war

May 18, 2022

Via: ABC News

The U.S., several global development banks and other groups unveiled a multi-billion dollar plan Wednesday meant to address a worldwide food security crisis exacerbated by Russia’s war in Ukraine. The Treasury Department announced that several global development banks are “working […]


News

Tesla, Twitter shares drop as Elon Musk’s legal issues grow

May 12, 2022

Via: ABC News

Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform. Of the two, Musk’s electric […]


News

Inflation hit 8.3 percent in April compared to last year, showing signs of leveling off

May 11, 2022

Via: NBC News

The inflation rate was little changed from March to April, a potential sign that the rapid growth in the cost of goods and services may soon taper off. Consumer prices rose 0.3 percent in April after rising 1.2 percent in […]


News

Employers added 428,000 jobs in April as unemployment rate remains unchanged

May 6, 2022

Via: NBC News

America’s economy maintained its strong momentum in April, as the U.S. added 428,000 jobs — above the consensus estimate of 395,000. The unemployment rate, meanwhile, remained unchanged at 3.6 percent. Average hourly earnings for workers climbed by 0.3 percent month-on-month, […]


News

US economy records surprise contraction during first quarter but big rate hike still on the cards

April 28, 2022

Via: Sky News

The commerce department’s first estimate for January to March gross domestic product (GDP) showed an annual rate contraction of 1.4%. Economists had predicted growth of 1.1% – down from the 6.9% annual rate witnessed in the final three months of […]


Capital, Finance Tech, News

Elon Musk buys Twitter

April 26, 2022

Via: TechRadar

You don’t even need 280 characters to deliver this momentous news: Elon Musk just bought Twitter. The Tesla CEO and SpaceX founder has been circling the popular social media platform for weeks, using Twitter itself as a medium to announce […]


News

Warnings of social unrest and soaring inflation as ‘seismic’ effects of Ukraine war hit global economy

April 19, 2022

Via: Sky News

The IMF said that Ukraine’s economy would contract by more than a third – the largest such fall in modern times. It said the Russian economy will face its biggest recession since the aftermath of the fall of the Soviet […]


News

China GDP Rises More Than Expected In Q1

April 18, 2022

Via: Markets Insider

China’s economy expanded more than expected in the first quarter, data from the National Bureau of Statistics revealed on Monday. Gross domestic product grew at a pace of 4.8 percent on a yearly basis in the first quarter. This was […]


News

New York Lt. Gov. Brian Benjamin arrested on campaign finance fraud charges, sources say

April 12, 2022

Via: NBC News

New York Lt. Gov. Brian Benjamin was arrested on charges related to a campaign finance fraud investigation, two people familiar with the matter told NBC New York. Benjamin surrendered to authorities and is expected to appear in a federal court […]