With the decision to hold the line on rates, the committee noted a „lack of further progress“ in getting inflation back down to the central bank’s 2% target.
Schlagwort-Archiv: Financial
Why hundreds of U.S. banks may be at risk of failure
Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.
Peloton CEO Barry McCarthy to step down, company to lay off 15% of staff as it looks to refinance debt
Peloton announced Thursday that CEO Barry McCarthy will be stepping down just over two years after he took over from founder John Foley.
Wayfair shares surge 17% after furniture retailer cuts losses by more than $100 million
Wayfair’s sales fell in the first quarter, but the furniture retailer narrowed its losses by over $100 million after cutting 13% of its staff.
Moderna loses less than expected as Covid vaccine sales beat estimates, cost cuts take hold
The company reiterated its full-year 2024 sales guidance of roughly $4 billion, which includes revenue from the expected launch of its RSV vaccine.
Novo Nordisk beats profit estimates as sales of weight loss drug Wegovy more than double
Sales of popular weight loss drug Wegovy more than doubled to 9.38 billion kroner.
Oil giant Shell beats first-quarter profit estimates, launches $3.5 billion share buyback
British oil giant Shell on Thursday reported stronger-than-expected first-quarter profit, boosted by higher refining margins and robust oil trading.
Microsoft signs deal to invest more than $10 billion on renewable energy capacity to power data centers
Microsoft and Brookfield Asset Management will develop 10.5 gigawatts of renewable energy, in a deal they describe as the largest of its kind.
Cannabis stocks surge as Biden administration moves to reclassify marijuana
Stocks linked to cannabis surged on an otherwise down day for the market.
This is the level where the 10-year Treasury yield becomes a ‚clear problem‘ for stocks, Goldman study shows
Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.