Category Archives:
The Fed’s latest rate hike: five ways Americans may feel the pain
By Lindsay Dunsmuir and Ann Saphir (Reuters) - The Federal Reserve on Wednesday delivered its third straight 75-basis point interest rate hike in its campaign to drive borrowing costs high enough to b...
Sep 21, 2022
U.S. House clears way for passage of election bill spurred by Jan. 6, but fate unclear
By Makini Brice WASHINGTON (Reuters) - The U.S. House of Representatives on Wednesday advanced legislation overhauling Congress' certification process for presidential elections, as Democrats hope to ...
Sep 21, 2022
Aggressive Fed hikes rates another 75 bp, surprising no one
NEW YORK (Reuters) - The Federal Reserve raised its target interest rate by three-quarters of a percentage point to a range of 3.00%-3.25% on Wednesday and signaled more large increases to come in new...
Sep 21, 2022
Qatar central bank raises interest rates by 75 bps –statement
DUBAI (Reuters) - Qatar's central bank said on Wednesday it will raise its interest rates by 75 basis points as of Thursday, moving in parallel with the U.S. Federal Reserve's third straight hike of t...
Sep 21, 2022
Kuwait central bank raises discount rate by 25 bps to 3% – statement
(Reuters) - The Central Bank of Kuwait said on Wednesday it will increase its discount rate by 25 basis points to 3% as of Thursday, after the U.S. Federal Reserve's three quarters of a percentage poi...
Sep 21, 2022
Auto suppliers raising prices for Ford – and beyond
By Ben Klayman and Joseph White DETROIT (Reuters) - Automotive industry suppliers are raising prices to their customers across the board, not just with Ford Motor Co, which warned this week it was tak...
Sep 21, 2022
My Pillow CEO, Trump ally faces probe for plot to target 2020 election computers
By Sarah N. Lynch WASHINGTON (Reuters) - Mike Lindell, the My Pillow Inc chief executive and ally to former President Donald Trump, is under U.S. federal investigation for identity theft and for consp...
Sep 21, 2022
Bioplastic records could help decarbonise music business, says developer
By Stuart McDill LONDON (Reuters) - A sugar-based alternative to vinyl could help to decarbonise the music industry, according to its developer. UK-based Evolution Music say its bioplastic can be used...
Sep 21, 2022
Explainer-What New York’s lawsuit means for Trump and his family company
By Luc Cohen NEW YORK (Reuters) - Donald Trump, three of his adult children and their family company were sued by New York state Attorney General Letitia James on Wednesday following a civil investiga...
Sep 21, 2022
Citigroup to wind down UK retail bank operation
(Reuters) - Citigroup Inc is winding down its retail banking business in the United Kingdom, as the U.S. lender attempts to streamline its international operations. The move would help Citi focus on i...
Sep 21, 2022
Peoria, IL, USA
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