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Banking

“Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says”

“…Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. Christine… Continue Reading…

Economy, Stocks

“Dow Jones hits an all-time high as investors cheer progress on inflation”

“…The Dow closed at 37,090 — up more than 500 points, or 1.4 percent, for the day — surpassing a record in January 2022, fueled by the Fed decision to hold rates steady due to progress on inflation. The milestone caps a banner… Continue Reading…

Business

“Intel closes up 9% after earnings beat shows progress toward $3 billion in cost savings”

“Intel stock closed up 9.3% on Friday after the company beat Wall Street expectations for profit and sales. On Thursday, the chipmaker reported earnings per share of 41 cents, adjusted, versus the LSEG estimate of 22 cents. It posted $14.16 billion in revenue… Continue Reading…

Business

“Bankruptcy Update: Ruby Tuesday Files Chapter 11 While Progress Slows For JCPenney”

“Casual food chain Ruby Tuesday filed for Chapter 11 protection on Wednesday. The Tennessee-based company became just the latest in a string of major brands to file for bankruptcy in 2020 — a year where virtually every type of brick-and-mortar business suffered due to the coronavirus pandemic.… Continue Reading…

Business, Stocks

“McDonald’s revenue falls 30% despite progress at U.S. restaurants”

“Shares of the company fell nearly 2% in early trading Tuesday. Still, McDonald’s said it expects to accelerate U.S. restaurant closures this year and permanently shutter about 200 locations. More than half of those are lower sales volume locations inside Walmart stores. The… Continue Reading…

Business

Building A Social Network (In Progress)

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