Inflation Data Reinforce Powell’s Shift Toward High for Longer
Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.
Fresh inflation data released Friday cemented the message from Federal Reserve Chair Jerome Powell last week that high interest rates are here to stay for now.
Emerging market stocks rose Friday, cementing their biggest weekly advance in nine months, as Asian technology stocks got a boost from US corporate earnings that confirmed booming demand for artificial intelligence.
The UK’s financial watchdog pushed back against criticism of its plan to name firms it’s investigating at an early stage, which it thinks will boost transparency and deterrence.
Top Amazon.com Inc. executives including founder Jeff Bezos and Chief Executive Officer Andy Jassy destroyed text messages discussing business, the Federal Trade Commission alleged, erasing evidence the agency could have used in its antitrust case against the retail giant.
Charter Communications Inc. missed profit estimates and reported steeper customer losses than predicted, while warning that more users will drop service with the expected expiration of a federal broadband subsidy.
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