New UK PM Liz Truss announces cap on energy bills to tackle cost of living crisis British Prime Minister Liz Truss announcement a stimulus package to help Britons cope with soaring energy bills. Truss said the typical household ‘will pay no more than £2,500 ($2,880) a year for each of the next two years’, which … Read more
New UK PM Liz Truss announces cap on energy bills to tackle cost of living crisis British Prime Minister Liz Truss announcement a stimulus package to help Britons cope with soaring energy bills. Truss said the typical household ‘will pay no more than £2,500 ($2,880) a year for each of the next two years’, which … Read more
Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more
Australia’s central bank pleads for slower rate hikes Reserve Bank of Australia Governor Philip Lowe said the central bank “acknowledges” that “the case for slowing the pace of interest rate increases is growing stronger as the level of the cash rate increases”. National Australia Bank economist Tapas Stickland said Lowe’s remarks could “signal a shift … Read more
Federal Reserve Board Chairman Jerome Powell speaks during a press conference in Washington, DC on July 27, 2022. Mandel Ngan | AFP | Getty Images Traders now see near certainty that the Federal Reserve will enact its third straight 0.75 percentage point interest rate hike at its meeting later this month. The probability of a … Read more
People enter a store along a busy Manhattan shopping street on December 10, 2021 in New York City. Spencer Platt | Getty Images Job growth in August likely slowed from July’s blistering pace, but is still expected to have been quite strong, with widespread hiring across many sectors. Monthly jobs data is always important, but … Read more
A man walks on Wall St. during the morning commute as the city faces record temperatures and excessive heat, in New York City, July 20, 2022. Brendan McDermid | Reuters Here are the most important information investors need to start their trading day: 1. Stock futures are rising US stock markets were ready to a … Read more
Post-SPAC names surge in past 30 days, but plummet year-to-date SPACs have seen a rebound over the past 30 days, but they’re still far in the hole for 2022. CNBC’s Post SPAC index, comprised of SPACs that successfully merged and debuted in public markets, rose 10.6% in the July 26-August 25 period. During this period, … Read more
Bank of Japan member says he wants to stick to ultra-loose policy Toyoaki Nakamura, a member of the Bank of Japan, stressed the need to “patiently maintain” its position on monetary easing, according to Reuters. In a speech, he said that a tightening of monetary policy when the output gap remains negative would weigh heavily … Read more
Morgan Stanley says the ‘smart’ electric vehicle industry is the next big thing in tech. Here are his top stock picks Morgan Stanley says tech supply chains are poised for growth in the next big thing: smart tech features — from EV batteries to chips and self-driving technology. The investment bank named its top picks … Read more
