Fed Governor Bowman eyes ‘similar size’ rate hikes after three-quarter point moves

Fed Governor Bowman eyes ‘similar size’ rate hikes after three-quarter point moves

Federal Reserve Bank Governor Michelle Bowman delivers her first public remarks as a federal lawmaker at an American Bankers Association conference in San Diego, California, on February 11, 2019. Ann Sapphire | Reuters Federal Reserve Governor Michelle Bowman said Saturday that she supports the central bank’s recent large interest rate hikes and believes they are … Read more

The US economy has yet to face its biggest recession challenge

The US economy has yet to face its biggest recession challenge

A person removes a pump nozzle at a gas station on July 29, 2022 in Arlington, Virginia. Olivier Douliéry | AFP | fake images It would be difficult now to find a recession in the rear view mirror. However, what follows down the road is another story. There is no historical precedent that indicates that … Read more

Bombing Hits Power Lines At Ukraine Nuclear Plant, Both Sides Trade Blame

Bombing Hits Power Lines At Ukraine Nuclear Plant, Both Sides Trade Blame

Technicians shut down reactor at Europe’s largest nuclear power plant Three grain ships leave Ukrainian Black Sea ports Turkey’s Erdogan meets Putin in Russia Fighting in the east centers on a fortified village Kyiv, Aug 5 (Reuters) – Shelling hit a high-voltage power line at a major Ukrainian nuclear power plant captured by Russia on … Read more

European Stocks Fall, Oil Rebounds, Traders Await US Jobs Data

European Stocks Fall, Oil Rebounds, Traders Await US Jobs Data

LONDON, Aug 5 (Reuters) – European stocks fell slightly on Friday but were still headed for a weekly gain, as traders awaited U.S. jobs data due later in the session for clues on health. of the world’s largest economy. The MSCI World Equity Index, which tracks stocks in 47 countries, rose 0.2% and is headed … Read more

Ukraine wants maritime safe passage deal to extend beyond grain

Ukraine wants maritime safe passage deal to extend beyond grain

Three grain ships leave the ports of Ukraine First ship to arrive in Ukraine since the beginning of the war Fighting in the east is ‘hell,’ says Zelenskiy NATO chief warns Putin must not be allowed to win ISTANBUL/KYIV, Aug 5 (Reuters) – Three bulk carriers left Ukrainian ports on Friday under a safe passage … Read more

Morgan Stanley in technology stocks and market fund, Nasdaq

Morgan Stanley in technology stocks and market fund, Nasdaq

Stocks have rallied broadly in July, with the Nasdaq bouncing off earlier declines. And Wall Street is debating whether the markets have bottomed yet. Growth stocks, like tech stocks, have slumped across the board this year due to monetary tightening, the recession and other risks. And Morgan Stanley, in a report on August 3, warned … Read more

Biden orders aircraft carrier to stay in South China Sea, but delays ICBM test

Biden orders aircraft carrier to stay in South China Sea, but delays ICBM test

The aircraft carrier USS Ronald Reagan (CVN-76) during a port visit to Hong Kong on October 2, 2017. Anthony Wallace | AFP | fake images WASHINGTON – President Joe Biden will keep a US naval aircraft carrier strike group in the South China Sea longer than originally planned in response to Chinese missile tests and … Read more

Weekly US Jobless Claims Rise to 260,000 Ahead of Nonfarm Payrolls Report

Weekly US Jobless Claims Rise to 260,000 Ahead of Nonfarm Payrolls Report

Initial jobless insurance claims totaled 260,000 last week, near the highest level since November amid a shift in the US job market. The total for the week ending July 30 was in line with the Dow Jones estimate but up 6,000 from the previous week’s downwardly revised level, the Labor Department reported Thursday. In other … Read more

Eli Lilly, Cigna, restaurant brands and more

Eli Lilly, Cigna, restaurant brands and more

Take a look at some of the most important engines in the pre-market stage: Eli Lilly (LLY) – Shares of the drugmaker fell 3.6% premarket after it missed estimates with its quarterly results and cut its forecast for the full year. Lilly’s performance during the quarter was affected by lower insulin prices and falling sales … Read more

Turkey’s inflation jumped to a 24-year high of 79.6 percent in July | inflation news

Turkey’s inflation jumped to a 24-year high of 79.6 percent in July |  inflation news

Turkey’s inflation has been fueled by the continuing decline in the lira, as well as the economic fallout from the Russian invasion of Ukraine. Turkish inflation rose to a new 24-year high of 79.6 percent in July, data showed on Wednesday, as continued weakness in the lira and global energy and commodity costs pushed prices … Read more