The Federal Reserve triggered a modest interest rate hike on Wednesday, while hinting that it may soon ease its fight against inflation, even before it barely dented its pile of mortgage bonds. . “We have no incentive and no intention to overtighten,” Fed Chairman Jerome Powell said. said in his press conference after the decision … Read more
Carl Hortsmann found a way to take his 87-year-old father scuba diving on the Great Barrier Reef, skiing for the first time, and taking him to visit his old neighborhood in Union, NJ, where he grew up – all with the help of virtual reality. As part of an early phase of a clinical trial … Read more
A walkway near the Bank of England (BOE) in the City of London, UK, on Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The bank of england On Thursday, it raised interest rates by 50 basis points and recalled some of its previous bleak economic forecasts. The monetary policy committee … Read more
Ahead of major tech earnings, Meta results set to illuminate Nasdaq Composite COMP for Thursday. The S&P 500 SPX also points to gains as investors take a half-full view of the Fed meeting. The founder of LaDucTrading.com, Samantha LaDuc. “The market is not expecting a higher terminal rate, slower growth, or recession. One or more … Read more
US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to create an agenda to compete with the president Joe Bidenunprecedented climate subsidies. But he will face two key problems in the process. The EU had long asked the … Read more
Luis Garicano is a former member of the European Parliament and is spending the academic year as a visiting professor of economics and strategy at Columbia Business School and the University of Chicago Booth School of Business. He is also a nonresident Scholar at Bruegel. Guy Verhofstadt is a Member of the European Parliament and … Read more
U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters after meeting with U.S. President Joe Biden to discuss the federal debt and spending limit, at the White House in Washington, February 1, 2023. Kevin Lamarque | Reuters WASHINGTON — House Speaker Kevin McCarthy said he had a “really good discussion” with President Joe Biden at … Read more
CNN — The Home Office’s Land Management Bureau advanced on Wednesday them controversial Willow oil drilling project on the Alaska North Slope, issuing the final environmental impact statement before the project can be approved. The Willow Drilling Plan proposed by ConocoPhillips is a massive, decades-long project that the state’s bipartisan congressional delegation says will create … Read more
Samsung Electronics Co.Ltd. on Wednesday unveiled three new smartphones with advanced cameras, improved productivity, and more powerful batteries and storage — at prices comparable to a year ago. The new Galaxy S23 series costs from $799 to $1,199, the same range as the S22 range launched last year, and has a 200-megapixel camera for better … Read more
FONTANA, CALIFORNIA – A trucker pumps diesel fuel into his 18-wheel tractor-trailer, two fuel tanks at … [+] Truck Town in Fontana, California. (Photo by Bob Riha, Jr./Getty Images) Getty Images Gasoline prices are rising again – up more than 30 cents a gallon in the past month and around 15 cents in the past … Read more