Business News

Warren Buffett is beating the market this year Thu, Dec 15th 2022 at 12:45 pm
Investors around the world have been trying to adjust their portfolios to contend with big interest rate hikes from the ...
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What to know about the stock market right now and what it means looking ahead Thu, Dec 15th 2022 at 12:25 pm
A devastating year for the stock market is hurtling toward its end, but not before December delivers a final verdict ...
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The Fed won't be slashing interest rates in 2023: Goldman Thu, Dec 15th 2022 at 11:06 am
"We are doubtful that the inflation path that we forecast for next year would be enough to provide that confidence [...
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The Fed doesn't think its recession forecast is forecasting recession: Morning Brief Thu, Dec 15th 2022 at 10:30 am
In its latest Summary of Economic Projections released Wednesday, Fed officials said they expect GDP growth at the end of ...
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Citigroup says it's advancing plans to exit China consumer banking Thu, Dec 15th 2022 at 10:11 am
Citigroup Inc. is advancing plans to exit its consumer banking business in China, a move that will affect about 1,200 employees ...
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Bank of England poised to slow pace of interest rate hikes Thu, Dec 15th 2022 at 10:08 am
Britain's central bank is expected to deliver its ninth straight interest rate hike Thursday, though it will likely be smaller ...
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European Central Bank slows rate hikes but vows more ahead Thu, Dec 15th 2022 at 10:00 am
The European Central Bank slowed its record pace of interest rate hikes only slightly Thursday, joining the U.S. Federal ...
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Russia's deep oil discounts drove revenue down $700 million last month even as its exports jumped, the IEA says Thu, Dec 15th 2022 at 9:05 am
Russia's oil output will likely take a hit by 1.4 million barrels per day and global crude prices will likely rally, ...
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Elon Musk just sold $3.6 billion more in Tesla stock as Twitter turmoil continues Thu, Dec 15th 2022 at 3:26 am
Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the companys stock, according to a filing with ...
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A company's office holiday party raffled off a full week of free paid leave as a prize for employees Wed, Dec 14th 2022 at 6:10 pm
Colourette, a cosmetics company in the Philippines, is raffled off five extra days of paid leave to three employees.
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Household Energy Costs Projected to Rise This Winter Wed, Dec 14th 2022 at 6:07 pm
Americans can expect a higher-than-normal spike in household energy costs this winter, according to nonprofit data center USAFacts and the ...
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Federal Reserve expected to raise interest rates by 0.50% Wed, Dec 14th 2022 at 6:06 pm
The Federal Reserve is expected to slow the pace of its aggressive interest rate hike campaign this afternoon, as consumer ...
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Here's how the stock market might react to Fed's interest-rate decision and dot plot Wed, Dec 14th 2022 at 5:28 pm
Stock-market investors are anxiously awaiting the Federal Reserves policy decision due Wednesday afternoon as softer inflation data fuels expectations of ...
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SEC votes to update insider-trading rules with new cooling-off period of up to four months Wed, Dec 14th 2022 at 5:03 pm
The SEC voted in favor of fresh measures for executive officers and other corporate insiders trading in their own company's ...
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U.S. bonds wrap up worst year on record. Here's what may be in store for 2023 Wed, Dec 14th 2022 at 5:02 pm
Analysts see inflation easing further off four-decade highs in 2023, obviating the need for more rate hikes by the Federal Reserve ...
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Twitter suspends account that tracked Elon Musk's private jet Wed, Dec 14th 2022 at 5:01 pm
Twitter has suspended an account that tracked CEO Elon Musk's private jet just one month after Musk himself said he'd ...
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Live updates: Federal Reserve announcement expected to slow pace (but not stop) interest rate hikes. Wed, Dec 14th 2022 at 4:47 pm
The Fed is expected to raise the interest rate by 0.50 percentage points but people will be looking for clues to ...
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U.S. stocks gain ground ahead of last Fed meeting of the year Wed, Dec 14th 2022 at 4:14 pm
Stocks rose on Wall Street as markets hold onto hope that the Federal Reserve is ready to ease back slightly ...
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AP-NORC Poll: Americans say holiday gifts harder to afford Wed, Dec 14th 2022 at 3:03 pm
More than half of U.S. adults say its harder to afford the holiday gifts they want to give this ...
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Stock Market Live: Fed Decision In Focus As Bulls Poised For Santa Claus Rally Wed, Dec 14th 2022 at 2:10 pm
Stocks are holding steady heading into the final hours of trading prior to the Fed's December rate decision at 2:00 pm ...
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