Hot inflation fuels bets on supersized Fed rate hike
The U.S. Federal Reserve is seen ramping up its battle with 40-year high inflation with a supersized 100 basis points rate hike this month after
Category: Business
Deutsche Telekom to sell tower business to N. American consortium -Handelsblatt
Deutsche Telekom (DTEGn.DE) will sell 51% of its tower business to a consortium of Canada’s Brookfield (BAMa.TO) and private equity group DigitalBridge Group Inc (DBRG.N)
Groundbreaking judge will oversee Twitter’s lawsuit against Musk
The first female chief judge on Delaware’s nationally known business court will oversee Twitter Inc’s (TWTR.N) lawsuit that seeks to hold Elon Musk to his
Wall Street gulps as U.S. inflation tops 9%, euro pierces parity
World equities wavered on Wednesday as investors digested a report showing U.S. annual consumer prices jumped 9.1% in June -the largest increase in more than
Inflation report sets grim markets tone as investors ponder 100-basis-point hike
A surprisingly hot inflation report for June is complicating the outlook for markets, as investors brace for more hawkishness from the Federal Reserve and continued
Bank of Canada’s jumbo rate hike set to slow lenders’ earnings growth
Bank of Canada’s surprise full percentage point interest rate hike on Wednesday could put the brakes on the country’s once-frothy housing market and weigh on
Delta warns of rising costs after missing earnings estimates
Delta Air Lines Inc (DAL.N) on Wednesday posted a lower-than-expected second-quarter profit and warned that cost pressures would remain elevated through the year as it