FRANKFURT, Germany (AP) — The European Central Bank made its largest interest rate hike on Thursday, following the US Federal Reserve and other central banks in a global rush of rapid rate hikes designed to stifle inflation that is squeezing consumers and push Europe into recession. The bank’s board of governors raised its main benchmarks … Read more
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
WASHINGTON (AP) — A panel of federal health advisers voted Wednesday to recommend approval of an experimental drug to treat Lou Gehrig’s disease, a remarkable turnaround for the highly controversial drug which was previously rejected by the same group earlier this year. Food and Drug Administration advisers voted 7 to 2 that Amylyx Pharma’s data … Read more
Apple CEO Tim Cook speaks onstage during day two of Vox Media’s Code 2022 conference in Beverly Hills, California. Jerod Harris | Getty Images Entertainment | Getty Images Apple CEO Tim Cook said Wednesday that Apple isn’t doing much to improve the texting experience between iPhones and Android devices because its users aren’t asking for … Read more
Apple CEO Tim Cook speaks during an event at the Apple Park campus in Cupertino, California on September 7, 2022. In a presentation titled Far Out, Apple is set to unveil the iPhone 14 line, a new line of smartwatches and new AirPods. Nic Coury | Bloomberg | Getty Images Mobile Satellite Communications Company Globalstar … Read more
SAN RAFAEL, CALIFORNIA – DECEMBER 08: Customers enter a GameStop store on December 08, 2021 in San Rafael, California. Video game retailer GameStop will release its third quarter results today after the closing bell. (Photo by Justin Sullivan/Getty Images) Justin Sullivan | Getty Images News | Getty Images GameStop said Wednesday that quarterly sales fell … Read more
Russian President Vladimir Putin and Chinese President Xi Jinping plan to meet next week in Uzbekistan, a Russian official said on Wednesday, announcing a summit that could mark a new stage in warming ties between two powers that clash from increasingly against the West. The meeting at the Shanghai Cooperation Organization – a political, economic … Read more
BOSTON (AP) — Attorney General Maura Healey won the Democratic primary for governor in Massachusetts on Tuesday, bringing her one step closer to becoming the first openly gay candidate and the first woman elected to the state’s highest political office – eight years after being elected the nation. first openly gay attorney general. Healey, whose … Read more
Marisa Thalberg, Executive Vice President and Chief Brand and Marketing Officer. Source: Marisa Thalberg Lowe’s Chief marketing officer Marisa Thalberg has left the retailer as part of a broader reorganization, the company announced on Tuesday. The home improvement retailer cut its role and moved its marketing team under Bill Boltz, executive vice president of merchandising. … 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
