Federal Reserve Bank of Cleveland President Loretta Mester said she saw a compelling case for rolling out another 50 basis-point interest-rate hike earlier this month and the US central bank has to be prepared to move higher if inflation remains stubbornly high.
Bank of America Corp. is planning to cut jobs in its investment bank, one of the last major holdouts to bow to expense pressures that have left no one immune.
Turkish equities have reversed their post-quake losses in a little more than a day, less than the amount of time it took for the big slump to occur, thanks to government measures to support the country’s stock market.
Twilio Inc. jumped by the most in almost three years after projecting a profit this quarter and setting the stage for $1 billion worth of stock buybacks.
Paramount Global said it will raise prices for streaming content after the company reported results that missed analysts’ expectations on slumping advertising sales.
The fattest profits in 70 years have helped sustain a pandemic hiring spree by US business. Now, margins are shrinking — and that could signal harder times ahead in the jobs market.
One of the giants of Wall Street is among firms keen to pile vast sums into clean tech, as IRA transforms investment strategies.
Locked out of debt markets and facing significantly higher borrowing costs, executives at troubled companies are looking for help in an almost dormant corner of Wall Street.
Zambian President Hakainde Hichilema slammed the “suicidal” interest rates on his nation’s foreign debt and said reductions to its principal are needed, a demand that may set up a showdown with Chinese lenders.
Annand Jagesar, the managing director of the state-owned oil company of Suriname, is a man in a hurry.
