Tag Archives: business news

The world’s central bank umbrella body, the Bank for International Settlements (BIS), has called for interest rates to be raised “quickly and decisively” to prevent the surge in inflation turning into something even more problematic. The Swiss-based BIS has held its annual meeting in recent days, where top central bankers …

After slapping curbs on non-bank buy now pay later (BNPL) companies, the Reserve Bank of India (RBI) is likely to come out with guidelines for the BNPL segment which was using pre-paid instruments (PPIs) to extend short-term, interest-free loans to customers for online purchases. “This novel method shall be examined, …

A ‘We’re Hiring!’ sign is displayed at a Starbucks Mario Tama | Getty Images News | Getty Images Last week, senior product manager for Coinbase David Hong wrote on LinkedIn that he was up at 4am to prepare for a meeting when his company MacBook abruptly shut down. He later …

The major averages bounced back this week: The S & P 500 gained 5%, while the Nasdaq rose 6% and the Dow increased 4%. Like many tech stocks, Club name Meta Platforms (META) had a great week, and not just because Jim Cramer had fun with Mark Zuckerberg in the …

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE The stock market is about to close out its worst first half in decades in the week ahead, setting the stage for a summer of uncertainty and volatility. But in the very near term, strategists see a window …

President Joe Biden remarks on efforts to lower high gas prices at the Eisenhower Executive Office Building in Washington, D.C. on June 22, 2022. Jim Watson | AFP | Getty Images President Joe Biden has called on Congress to put a three-month federal gas tax holiday in place to help …

SINGAPORE — Shares in the Asia-Pacific region were set to open lower on Friday after a choppy trading week. In Japan markets, the Nikkei futures contract in Osaka was at 26,150, pointing to a slightly lower open. The Nikkei 225’s last close was at 26,171.25 on Thursday. Australia’s SPI futures …

CNBC’s Jim Cramer on Thursday said that a possible upcoming slew of earnings estimate cuts from analysts could create a sell-off and an opportunity for investors to do some buying. “Over the next few weeks, before earnings season gets rolling, I expect the analysts to hit us with some preemptive …

The first half of this year ranks among the worst on record for stocks, with the S & P 500 losing more than a fifth of its value. But, the selling could ease a bit in the second half, if history of similar terrible starts is any guide. Mounting fears …

Is a recession in the cards? Market watchers are split on if, and when, a recession will strike the U.S. The major U.S. averages clocked their 10th losing week in 11 last week on fears that an aggressive rate hike cycle by the Fed to rein in soaring inflation will …