BOE Governor Andrew Bailey has warned the Bank is walking a “narrow path” between growth and inflation. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England on Thursday raised interest rates to their highest level in 13 years in a bid to tackle soaring inflation. In a widely […]
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Op-ed: Cryptocurrency should be allowed in individual retirement plans. That’s why I’m introducing the Financial Freedom Act
Sen. Tommy Tuberville, R-Ala., is seen in the U.S. Capitol during a Senate vote on Feb. 10, 2022. Tom Williams | Cq-roll Call, Inc. | Getty Images The federal government has no business interfering with the ability of American workers to invest their 401(k) plan savings as they see fit. […]
Stock futures fall after Fed induced relief rally
Stock futures fell in early morning trade Thursday, putting Wall Street on track to give back some of sharp gains seen in the previous session after the Federal Reserve raised rates by half a point. Futures tied to the Dow Jones Industrial Average lost 186 points, or 0.6%. S&P 500 […]
World’s second-largest hydropower plant set for 14-year upgrade after deal with GE
Straddling the border between Brazil and Paraguay, Itaipu commenced electricity production in 1984. The technological upgrades being planned for the site are set to take 14 years. Tifonimages | Istock | Getty Images GE Renewable Energy has signed a deal that will see it carry out upgrades to the 14 […]
OPEC+ seen likely to agree to another modest production increase after EU outlines Russian oil ban
Led by OPEC kingpin Saudi Arabia, the OPEC+ energy alliance swiftly agreed in late March to raise its output targets for May. SOPA Images | LightRocket | Getty Images Oil producer group OPEC+ on Thursday is seen as likely to rubber-stamp another small production increase for June, amid persistent concerns […]
Bill Gates questions Elon Musk’s goals with Twitter: ‘He could make it worse’
Bill Gates attends the World Leaders’ Summit “Accelerating Clean Technology Innovation and Deployment” session on day three of COP26 on November 02, 2021 in Glasgow, Scotland. Jeff J Mitchell | Getty Images News | Getty Images Bill Gates has warned that Elon Musk could make Twitter “worse” after the Tesla […]
Oil giant Shell reports highest quarterly profit since 2008 on soaring commodity prices
Shell posted adjusted earnings of $9.1 billion for the first quarter of 2022. Ben Stansall | Afp | Getty Images LONDON — Oil giant Shell on Thursday reported its highest quarterly profit since 2008 on soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies […]
Stock futures decline slightly after Fed induced relief rally
Stock futures fell slightly in early morning trade after the Federal Reserve raised rates by half a point and the major averages rallied to end the day. Futures tied to the Dow Jones Industrial Average lost 41 points, or 0.12%. S&P 500 futures and Nasdaq 100 futures fell 0.22% and […]
Law firm says employees can work from home full-time – but only if they take a 20% pay cut
shomos uddin | Moment | Getty Images A U.K. law firm has decided to offer its employees the option of working from home full-time, but on the condition that they take a 20% pay cut. The London-headquartered law firm Stephenson Harwood has also offered its employees the option of a […]
From Estee Lauder to Apple, big companies say China’s Covid restrictions are hitting business
Factories in China affected by Covid lockdowns can conditionally resume work, by housing workers on-site. Pictured here is an auto parts manufacturer in Suzhou that has had 478 employees on site since April 16. CFOTO | Future Publishing | Getty Images BEIJING — Several international corporations warned in the last […]