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
Technology and semiconductor stocks slide Tech stocks fell on Tuesday, led by shares of semiconductor names such as Nvidia, Applied Materials and Qualcomm, which fell more than 1% each. Big tech stocks, including Apple, Meta Platforms, Netflix and Microsoft, also dipped into negative territory. The S&P 500 information technology sector was last down almost 1%. … Read more
Stocks open lower Stocks opened lower on Monday, led by energy and financial services stocks, which fell more than 3% and 1%, respectively. The Dow Jones Industrial Average slid 169 points, or 0.5%, while the S&p 500 and Nasdaq Composite fell 0.46% and 0.23%, respectively. — Samantha Subin New York-area manufacturing posts surprising drop in … Read more
September 75bp hike almost a done deal, says Shah July’s stronger-than-expected jobs report means the Federal Reserve is likely to raise interest rates by three-quarters of a percentage point at its next meeting, as opposed to the half-percentage-point hike expected by the markets, Seema Shah, chief global strategist at Principal Global Investors, said. “Today’s number … Read more
September 75bp hike almost a done deal, says Shah July’s stronger-than-expected jobs report means the Federal Reserve is likely to raise interest rates by three-quarters of a percentage point at its next meeting, as opposed to the half-percentage-point hike expected by the markets, Seema Shah, chief global strategist at Principal Global Investors, said. “Today’s number … Read more
European markets push higher; Big Bank of England hike expected European stocks were slightly higher on Thursday, building on gains made in the previous session. The pan-European Stoxx 600 was up 0.3% in early trade. Retail stocks were the best performers, gaining 2.5%, while telecommunications fell 0.4%. The United Kingdom FTSE was muted Thursday morning … Read more
Oil giant BP raises dividend as quarterly profits jump on high commodity prices British oil giant BP increased its dividend on Tuesday as it posted bumper second-quarter profits, benefiting from a surge in commodity prices. Underlying second-quarter replacement cost profit, used as an indicator of net profit, was $8.5 billion. Soaring profits allowed BP to … Read more
