Federal Reserve Bank of Richmond President Thomas Barkin said the central bank needs to continue to raise interest rates to bring down too-high inflation, without giving an opinion on the size of the hike planned later this month.
(Bloomberg) — Citigroup Inc. economists see the Federal Reserve raising its benchmark lending rate by 50 basis points at the March meeting, joining Goldman Sachs Group Inc. in lifting their forecast after Chair Jerome Powell’s hawkish comments on Capitol Hill Tuesday.
Southwest Airlines Co. will use Amazon.com Inc. servers to help process fare searches, crew scheduling and other software tasks, a modernization of its technology that comes months after a meltdown stranded thousands of the airline’s passengers.
Larry Jackson learned the record business from two of the most influential music moguls ever, Clive Davis and Jimmy Iovine. Now, the 42-year-old former Apple Inc. executive is starting a music company of his own called Gamma.
Hungary’s central bank Governor skewered Prime Minister Viktor Orban for a series of “strategic mistakes,” adopting unusually blunt criticism for the powerful premier over spending and state intervention. The forint fell.
BMW AG plans to invest around £500 million ($592 million) in its Oxford plant in the UK where it makes its Mini models, Sky News reported, citing unidentified people.
US companies added more jobs than expected in February, underscoring persistent demand for labor that’s keeping wage growth elevated.
Retailers frequently blame the weather when sales come up short — but the rise of e-commerce may be robbing them of that excuse.
More Texans who have rooftop solar and batteries will be able to sell their spare power to the state grid under a plan starting this month.
Copa Holdings SA is planning to boost flights to Venezuela as a budding economic recovery boosts demand for travel, and new connections to Colombia are set to open.
