Category Archives:
Bank of Canada surprises with 100-bp rate hike as inflation risks gather steam
OTTAWA, July 13 (Reuters)- The Bank of Canada surprised on Wednesday with a full-percentage-point increase to its policy rate, a super-sized hike last seen in 1998, citing "higher and more persistent"...
Jul 13, 2022
Bank of Canada again hikes inflation forecast, eyes slower growth but no recession
OTTAWA, July 13 (Reuters)- The Bank of Canada on Wednesday dramatically upped its near-term inflation forecasts and said there was an increased risk of higher price gains becoming entrenched, as it sl...
Jul 13, 2022
Biden: June inflation figures “unacceptably high” but out-of-date
WASHINGTON (Reuters) - U.S. President Joe Biden said June inflation figures were "unacceptably high" but also said they were out of date given the recent drop in gasoline prices. "Energy alone compris...
Jul 13, 2022
U.S. rate futures lift chances of 100-bps hike in July Fed meeting after hot CPI data
NEW YORK (Reuters) - Futures on the federal funds rate have increased the chances of a full percentage-point hike at the Federal Reserve meeting later this month after a hotter-than-expected U.S. annu...
Jul 13, 2022
Twitter shares rise after Hindenburg takes long position
(Reuters) - Short-seller Hindenburg Research on Wednesday said it had taken a long position in Twitter Inc shares, sending the social media firm's stock up 5% in early trading. "We have accumulated a ...
Jul 13, 2022
Fed seen jacking interest rates further as U.S. inflation soars
By Lindsay Dunsmuir and Ann Saphir (Reuters) - Traders boosted bets on Wednesday the Federal Reserve could deliver an even bigger interest-rate hike at its policy meeting later this month after the la...
Jul 13, 2022
Stellantis’ CEO says working with start-ups helping meet financial targets
MILAN (Reuters) - Cooperating with start-ups will help Stellantis meet its financial targets in a fast changing world, CEO Carlos Tavares said as the automaker on Wednesday gave awards to seven techno...
Jul 13, 2022
Apple hovers above competition even as smartphone market stumbles, sources say
By Yimou Lee and Stephen Nellis (Reuters) - The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc is expecting its upcoming iPhone 14 to do even be...
Jul 13, 2022
Most U.S. small businesses worry recession is coming – Goldman survey
By David Lawder WASHINGTON (Reuters) - Some 93% of small business owners are worried that the United States will enter a recession in the next six months, a survey released by Goldman Sachs showed on ...
Jul 13, 2022
Lufthansa cancels 2,000 additional flights
BERLIN (Reuters) -Lufthansa is cancelling an additional 2,000 flights from Frankfurt and Munich this summer, the German flagship carrier said on Wednesday, citing staffing shortages at airports as wel...
Jul 13, 2022
Peoria, IL, USA
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