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Hot inflation fuels bets on supersized Fed rate hike
July 24, 2022July 18, 2022 alessorg

Hot inflation fuels bets on supersized Fed rate hike

Business

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

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Deutsche Telekom to sell tower business to N. American consortium -Handelsblatt
July 23, 2022July 18, 2022 alessorg

Deutsche Telekom to sell tower business to N. American consortium -Handelsblatt

Business

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)

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Groundbreaking judge will oversee Twitter’s lawsuit against Musk
July 22, 2022July 18, 2022 alessorg

Groundbreaking judge will oversee Twitter’s lawsuit against Musk

Business

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

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Wall Street gulps as U.S. inflation tops 9%, euro pierces parity
July 21, 2022July 18, 2022 alessorg

Wall Street gulps as U.S. inflation tops 9%, euro pierces parity

Business

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

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Inflation report sets grim markets tone as investors ponder 100-basis-point hike
July 20, 2022July 18, 2022 alessorg

Inflation report sets grim markets tone as investors ponder 100-basis-point hike

Business

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

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Bank of Canada’s jumbo rate hike set to slow lenders’ earnings growth
July 19, 2022July 18, 2022 alessorg

Bank of Canada’s jumbo rate hike set to slow lenders’ earnings growth

Business

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

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Delta warns of rising costs after missing earnings estimates
July 18, 2022 alessorg

Delta warns of rising costs after missing earnings estimates

Business

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

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