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

Berkshire Hathaway BRK earnings Q2 2022

Berkshire Hathaway BRK earnings Q2 2022

An Andy Warhol-like print of Berkshire Hathaway CEO Warren Buffett hangs outside a clothing stall during Berkshire Hathaway Inc’s first in-person annual meeting since 2019 in Omaha, Nebraska, USA, April 30 of 2022. Scott Morgan | Reuters Berkshire Hathaway’s operating profit rose in the second quarter despite fears of slowing growth, but Warren Buffett’s conglomerate … Read more

Stock futures rise ahead of July jobs report

Stock futures rise ahead of July jobs report

Elon Musk thinks we have passed the peak of inflation Elon Musk said he thinks we are past the peak of inflation and predicts a mild recession 18 months ahead. Musk’s comments came at Tesla’s 2022 shareholder meeting, held on August 4. “We get a little bit of information about where the prices of things … Read more

A ‘shake-up’ is brewing among mortgage lenders

A ‘shake-up’ is brewing among mortgage lenders

A sign hangs from a Santander Bank branch in London, UK, on ​​Wednesday February 3, 2010. Simon Dawson | Bloomberg via Getty Images Banks and other mortgage providers have been hit by falling demand for loans this year as a result of interest rate hikes by the Federal Reserve. Some companies will be forced to … Read more

Taiwan’s Taiex rises 2%, RBI rate decision ahead

Taiwan’s Taiex rises 2%, RBI rate decision ahead

SINGAPORE – Taiwan stocks led gains in Asia-Pacific markets as investors brushed off China’s military drills following a visit by US House Speaker Nancy Pelosi. Taiwan’s Taiex rose 2.03%, with chipmaker TSMC rising 3%. The index traded lower this week as tensions between the United States and China increased over Pelosi’s trip. Markets appear unfazed … Read more

DoorDash, Beyond Meat, AMC and more

DoorDash, Beyond Meat, AMC and more

A DoorDash sign is displayed in a restaurant on the day they hold their IPO in New York on December 9, 2020. Carlos Allegri | Reuters Take a look at the companies making headlines after the bell: DoorDash: Shares of the food delivery company jumped 12% after a surge in revenue. DoorDash reported revenue of … 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

The Bank of England launches the biggest interest rate hike in 27 years

The Bank of England launches the biggest interest rate hike in 27 years

LONDON — The Bank of England raised interest rates by 50 basis points on Thursday, their biggest increase since 1995, projecting Britain’s longest recession since the global financial crisis. The sixth consecutive increase brings borrowing costs to 1.75% and marks the first half-point increase since the bank became independent from the British government in 1997. … 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

Stocks rise after Wall Street rebound

Stocks rise after Wall Street rebound

SINGAPORE — Asia-Pacific stocks traded higher on Thursday after a rally on Wall Street. Hong Kong’s Hang Seng Index was up 2.15% in early trading, and the Hang Seng Tech Index was up 3.16%. Alibaba shares rose about 5% ahead of its earnings results later on Thursday. The Chinese e-commerce giant could see revenue decline … Read more