Federal Reserve Bank of Atlanta President Raphael Bostic reiterated that he doesn’t think policymakers need to raise interest rates any further and that policy is restrictive enough to bring inflation back to their 2% goal.
Citigroup Inc. has been buying large volumes of physical aluminum and zinc on the London Metal Exchange, in a bold metal-financing trade that’s made it one of the biggest players in the market in recent months.
Tech firms are starting to see their employees in Israel drafted to fight with the military as it builds up forces near the Gaza Strip and prepares for the next phase of retaliation against Hamas.
The shekel regained its footing as the central bank dueled short sellers to contain the market fallout from Israel’s conflict with militant group Hamas.
PepsiCo Inc. says appetite-suppressing drugs haven’t affected sales of its snacks and sodas so far, though the company is focused on package size and consumers’ portion-control concerns as it aims to reach its raised annual forecast.
The European Central Bank has asked property valuers to explain how they compile estimates as concerns grow that banks in the region have been too slow to mark down the value of their commercial real estate loans.
The stock of China’s biggest food delivery platform has almost halved since a January peak and if traders are right, the worst isn’t over.
The nation has come together, but Prime Minister Benjamin Netanyahu risks succumbing to the same fate as his predecessor 50 years ago.
Workers at General Motors Co.’s Canadian plants are on strike, idling key factories in Ontario, after contract negotiations with the union representing about 4,300 employees failed to bring an agreement.
The US bond market is on the move, rapidly shifting from warning of a recession to signaling interest rates are staying higher for longer.
