(Reuters) – Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling she is not yet prepared to come out of the gate with a half-percentage-point interest rate hike next month. “So I look at the …
Fed’s Daly: Being too aggressive on rate hikes could be destabilizing Read More »
By Elizabeth Howcroft LONDON (Reuters) -The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that did not belong to them, its founder said, calling this a “fundamental problem” in the fast-growing digital assets market. Sales of NFTs, or non-fungible …
Marketplace suspends most NFT sales, citing ‘rampant’ fakes and plagiarism Read More »
By Sinéad Carew and Devik Jain NEW YORK (Reuters) -Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between Russia and Ukraine, though some doubted the issue would weigh on U.S. asset prices over the longer term. Reports of rising tensions between the …
U.S. investors expect more volatility as Ukraine concerns spook markets Read More »
NEW YORK (Reuters) – The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large U.S. banks also dropped their mask requirements at their U.S. offices. The NYSE, which is owned by Intercontinental Exchange Inc, is now making masks optional on the …
Large U.S. banks to drop mask mandate in U.S. offices; NYSE follows suit Read More »
(Reuters) -Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve to take a firmer stand against soaring prices. Data on Thursday showed U.S. consumer prices rose at their fastest pace since the early 1980s, fuelling market speculation for …
Factbox-What global banks forecast for Fed rate hikes in 2022 Read More »
By Bansari Mayur Kamdar and Noel Randewich (Reuters) – Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and Ukraine. Nine of the 11 major S&P 500 sector indexes declined, led by technology, down 3.0%, and consumer discretionary, down 2.8%. The energy sector …
Wall Street ends down sharply on fears of Ukraine conflict Read More »
FRANKFURT (Reuters) – Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly newspaper. “After hybridisation, we will wait to see whether it will be possible to offer vehicles with an internal combustion engine beyond 2030,” he …
Lamborghini hopes for combustion engine future beyond 2030 – CEO Read More »
(Reuters) -Network gear maker Cisco Systems Inc has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal reported on Friday, citing people familiar with the matter. The offer was made recently and the companies are not in active talks, the newspaper said https://www.wsj.com/articles/cisco-made-20-billion-plus-takeover-offer-for-splunk-11644622277?page=1, citing some of …
Cisco made $20 billion-plus takeover offer for Splunk -WSJ Read More »
(Reuters) – Apple Inc is raising the pay of many U.S. retail employees effective this month, Bloomberg News reported on Friday. The hikes range from 2% to 10% depending on store location and role, and will go to sales staff, including Genius Bar technical staff and some senior hourly workers, the report said. The raises …
Apple raises pay of many U.S. retail employees – Bloomberg News Read More »
(Reuters) – Walmart Inc informed staff on Friday that fully vaccinated workers in the United States will no longer be required to wear masks in the company’s facilities, effective immediately, unless required by a state or local mandate. The retailer, in an internal memo, added that workers who work in clinical care settings like health …
Walmart no longer requires masks for vaccinated U.S. workers Read More »
