October 27, 2023
“Russia’s central bank raised its key interest rate by a higher than expected 200 basis points to 15% on Friday, hiking borrowing costs for the fourth meeting running in response to a weak rouble and stubborn inflation pressure. The central… Continue Reading…
October 19, 2023
“Netflix shares surged Thursday morning, after the company reported a boost in subscriber growth driven by a password-sharing crackdown efforts and interest in its new ad-supported tier. The streaming giant said after the market closed Wednesday that it had added 8.76 million global… Continue Reading…
August 1, 2023
“…Toyota Motor Corp.’s April-June net profit rose 78% from 736.8 billion yen the previous year, the company reported Tuesday. Quarterly sales edged up 24% to 10.5 trillion yen ($74 billion) as vehicle sales improved on-year across major markets, including Japan… Continue Reading…
May 25, 2023
“Best Buy on Thursday topped Wall Street’s quarterly earnings expectations, but its sales missed estimates and it reiterated expectations for weaker spending on consumer electronics this year. The company’s shares rose more than 2% in early trading Thursday. The retailer affirmed the outlook it… Continue Reading…
February 17, 2023
“Car insurance costs are on the rise in 2023. According to personal finance website ValuePenguin, insurance rates across the US are expected to rise by 8.4%, bringing the total average premium for full coverage to $1,780 per year. Pricier cars… Continue Reading…
November 21, 2022
“Shares of Disney popped Monday, the morning after the company announced it had replaced CEO Bob Chapek with Bob Iger. Disney’s stock rose more than 7% on Monday. As of Friday’s close, the company’s shares had fallen about 40% so far this year.… Continue Reading…
October 5, 2022
“US mortgage rates jumped to a 16-year high of 6.75%, marking the seventh-straight weekly increase and spurring the worst slump in home loan applications since the depths of the pandemic… Over the past seven weeks, mortgage rates have soared 1.30… Continue Reading…
September 15, 2022
“…Billionaire Ray Dalio, founder of one of the world’s biggest hedge funds, has predicted a sharp plunge in stock markets as the U.S. Federal Reserve raises interest rates aggressively to tame inflation. “I estimate that a rise in rates from… Continue Reading…
September 13, 2022
“…The Consumer Price Index (CPI) in August reflected an 8.3% increase over last year and a 0.1% increase over the prior month, the Bureau of Labor Statistics reported Tuesday. Economists had expected prices to rise 8.1% over last year and fall 0.1%… Continue Reading…
August 10, 2022
“…Business travel airfare is on track to rise nearly 50% this year over 2021, following two years of steep declines, according to a report from travel management company CWT and the Global Business Travel Association. Next year, fares are set… Continue Reading…
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