London CNN Business — The European Central Bank raised interest rates by a record three-quarters of a percentage point on Thursday and promised more action to come as it struggles to contain the inflationary fallout of the invasion of Ukraine by Russia and the ensuing energy crisis. This decision will bring the reference rate of … Read more
New York CNN Business — Apple’s stock has been a lemon this year. Shares are down more than 10% so far in 2022, and Apple is trading around 15% below the all-time high reached in early January. But with new iPhones will be unveiled on WednesdayWill expectations for strong holiday sales – and all the … Read more
CNN — Americans across the country are sharing their mixed reactions to President Joe Biden’s decision to forgive up to $20,000 in student loan debt for millions of borrowers. Biden announced on Wednesday that borrowers who hold loans from the Department of Education and earn less than $125,000 a year are eligible for up to … Read more
CNN — of President Joe Biden student loan debt relief plan should primarily help working-class and middle-class borrowers, according to an updated report from an influential research group. That’s a change from his earlier projection that more high-income borrowers would get basic loan forgiveness. About 75% of the profits will go to households earning $88,000 … Read more
Financial markets are bracing for Friday’s highly anticipated Jackson Hole speech by Federal Reserve Jerome Powell and expect him to signal the continued need for aggressive interest rate hikes to fight inflation despite the risks for economic growth. That’s the general conclusion of analysts, economists and investors on the eve of Powell’s remarks, a day … Read more
New York CNN Business — We might as well hope that the Federal Reserve will rein in its aggressive interest rate hikes. Shares fell on Monday as investors began to fear again that the central bank could raise rates by three-quarters of a point next month. The Dow ended the day with a loss of … Read more
It looks like a “bear trap” may be lurking in this summer’s big rebound for the stock market, which could lead to painful losses for investors, Glenmede strategists warned in a Monday report. Investors are already appearing reconsider some factors of the strong rebound this summer, including rethinking hopes that the Federal Reserve might not … Read more
Over two years of COVID-19, and people think differently about viruses. This month, the United States declared monkeypox a public health emergency, and people at high risk of contracting the virus – especially men who have sex with men – are lining the streets town to get vaccinated. An epidemic of avian influenza which raises … Read more
CNN — Some 27 ships loaded with grain left Ukrainian Black Sea ports since August 1 under a United Nations-brokered export deal with Turkey, which laid “the foundations for a permanent environment of peace”, Turkey’s defense minister said in a speech on Saturday. . “Since August 1, a total of 53 vessels have sailed for … Read more
Some market gurus are beginning to worry that Wall Street’s summer rally is starting to run out of steam, after stocks quickly went from oversold to overbought. Gene Goldman, chief investment officer of Cetera Financial Group, explained that stocks are likely heading for a pullback, even though the economy is in better shape than many … Read more
