European markets open higher as investors prepare for next Fed hike Europe’s Stoxx 600 rose 0.3% in early trade, with travel stocks up 0.9% and financial services up 0.8%. The UK’s FTSE 100 gained 0.25%, France’s CAC 40 was up 0.17% and Germany’s DAX rose 0.1%. The start-of-year rally has stuttered, but European markets still … Read more
Employment costs increased at a slower than expected pace in the fourth quarter, indicating that inflation pressures on business owners are at least leveling off. The employment cost index, a barometer the Federal Reserve watches closely for inflation signs, increased 1% in the October-to-December period, the Labor Department reported Tuesday. That was a bit below … Read more
Gautam Adani, chairman of Indian conglomerate Adani Group, at the World Congress of Accountants in Mumbai on Nov. 19, 2022. Founder Gautam Adani, the richest man in Asia and eleven second only to Elon Musk, fell out of the world’s top five richest to rank seventh on the Bloomberg’s Billionaire Index. Indranil Mukherjee | Afp … Read more
Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Images automobile giants Renault and nissan on Monday agreed to restructure their decades-long alliance, in a move that would see Renault’s shares in Nissan … Read more
‘It will probably take a decade’ for China to catch up on advanced chip tech: Analyst It could take a decade for China to catch up on advanced chip tech, as The Netherlands and Japan join the US in enforcing curbs, Daniel Newman, founding partner and principal analyst of Futurum Research, told CNBC’s “Street Signs … Read more
Wirestock | Stock | Getty Images The US Department of Education has “fully approved” more than 16 million people for federal student loan forgiveness and sent their applications to loan servicers, the Biden administration announced Friday. The administration gave a state-by-state breakdown of the number of borrowers who have applied and been approved for its … Read more
Japan bans exports of robots, semiconductor parts to Russia in new sanctions Japan on Friday announced additional sanctions in response to Moscow’s latest actions in Ukraine, banning exports to Russia of key strategic goods and freezing assets of dozen individuals. Japan will prohibit Russia-bound shipments of goods that can be used to enhance military capability, … Read more
The US economy finished 2022 in solid shape even as questions persist about whether growth will turn negative in the year ahead. Fourth-quarter gross domestic product, the sum of all goods and services produced for the October-to-December period, rose at a 2.9% annualized pace, the Commerce Department reported Thursday. Economists surveyed by Dow Jones had … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. Brendan McDermid | Reuters S&P 500 futures advanced modestly Thursday as investors parsed through the latest batch of corporate earnings that dropped after the bell. Futures tied to the broad index traded up 0.32%, while Nasdaq-100 futures gained 0.61%. Futures … Read more
Three ships leave Ukrainian ports under Black Sea Grain Initiative The Malta flagged bulk carrier Zante en-route to Belgium transits the Bosphorus carrying 47,270 metric tons of rapeseed from Ukraine after being held at the entrance of the Bosphorus due to Russia pulling out of the Black Sea Grain agreement on November 02, 2022 in … Read more