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Bostic: Fed needs to act “soon” to be sure inflation expectations stay controlled
WASHINGTON (Reuters) - U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president Raph...
Syndicated Content Feb 01, 2022
Joe Rogan row puts cost of Spotify podcasts under investor microscope
By Supantha Mukherjee and Elizabeth Culliford (Reuters) - Spotify investors will focus on how much its 'Netflix for audio' strategy is costing the streaming service when it reports fourth-quarter resu...
Syndicated Content Feb 01, 2022
Loadsmart valuation hits over $1 billion after SoftBank-led funding round
(Reuters) - Freight tech firm Loadsmart Inc said on Tuesday it was valued at $1.3 billion in its latest funding round, led by SoftBank Latin America Fund and funds managed by BlackRock Inc. The compan...
Syndicated Content Feb 01, 2022
U.S. construction spending misses expectations in December
WASHINGTON (Reuters) - U.S. construction spending increased less than expected in December as a solid rise in private projects was partially offset by a sharp decline in outlays on public projects. Th...
Syndicated Content Feb 01, 2022
Russia’s Sberbank launches mobile money transfers to China
MOSCOW (Reuters) - Russia's largest lender Sberbank on Tuesday said it had launched money transfers to Alipay wallets in China using phone numbers. State-controlled Sberbank, which has customers in 18...
Syndicated Content Feb 01, 2022
Canadian factory activity grows at slower pace as Omicron weighs
TORONTO (Reuters) - Canadian manufacturing activity expanded at the joint-slowest pace in 11 months in January as material shortages and disruptions from the Omicron coronavirus variant held back outp...
Syndicated Content Feb 01, 2022
Blackstone, Carlyle consider joint bid for Novartis generics unit – Bloomberg News
(Reuters) - Private equity firms Blackstone Inc and Carlyle Group Inc are in talks about potentially teaming up on a bid for Swiss drugmaker Novartis' generics unit, Bloomberg News reported on Tuesday...
Syndicated Content Feb 01, 2022
Storm packing heavy ice, snow bears down on central U.S
(Reuters) - A major winter storm is expected to wallop much of the central United States on Tuesday, bringing heaving snow, freezing rain and ice, the National Weather Service (NWS) said. The system, ...
Syndicated Content Feb 01, 2022
Egypt eyes bread subsidy overhaul as global inflation bites
By Sarah El Safty CAIRO (Reuters) - Egypt is considering replacing a popular bread subsidy with cash payments for the poor to protect the budget from soaring global wheat prices, but domestic inflatio...
Syndicated Content Feb 01, 2022
Greek tech fund PJ Catalyst sells Pollfish unit to U.S.-based Prodege
ATHENS (Reuters) - Greek technology fund PJ Tech Catalyst, backed by Piraeus Bank and the European Investment Fund, has agreed to sell its market research unit Pollfish to U.S.-based marketing and con...
Syndicated Content Feb 01, 2022
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