The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its 13th consecutive increase.
Schlagwort-Archiv: CNBC
China’s new EV subsidies might not be enough to bolster slowing growth
One of the few detailed stimulus plans Beijing has announced this year extends tax breaks for electric car purchases, according to documents released Wednesday.
Crypto firm Ripple gets in-principle payments license in Singapore
Ripple said it received in-principle approval of a Major Payment Institution Licence from the Monetary Authority of Singapore, the country’s central bank.
Olive Garden parent earnings beat estimates, fueled by strong LongHorn Steakhouse sales
Darden’s Olive Garden had a weaker-than-expected quarter, but LongHorn Steakhouse reported strong same-store sales growth.
4 ways ‘anchoring bias’ can hurt you financially
Consumers tend to rely on the first number they see to guide future decisions. That has implications for shopping, savings and other aspects of finance.
Powell expects more Fed rate hikes ahead as inflation fight ‚has a long way to go‘
Noting that inflation has cooled but „remains well above“ the Fed’s 2% target, Powell said the central bank still has more work to do.
Stocks making the biggest moves premarket: Spotify, FedEx, Tesla, Coinbase and more
These are the stocks posting the largest moves in premarket trading.
Business in China is getting harder for European companies despite the end of Covid controls
European businesses in China are finding it harder to operate in the country, even after it has re-opened from Covid, the EU Chamber of Commerce in China said.
Chinese EV maker Nio raises more than $700 million in capital injection from Abu Dhabi
Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government.
Stocks making the biggest premarket moves: Alibaba, Dice Therapeutics, Avis and more
These are the stocks posting the largest moves in the premarket.