Fed’s Kashkari backs sentiment that policymakers can take their time cutting interest rates
Kashkari said economic developments have shown that Fed policy is not as restrictive on growth as it appears on the surface.
McDonald’s and Starbucks blame the Israel-Hamas war for slower sales — and the recovery might take a while
The Israel-Hamas war and related boycotts hurt Starbucks’ and McDonald’s sales in the latest quarter.
Red Sea tensions risk significantly higher inflation, OECD warns
Higher shipping costs could add 0.4 percentage points to consumer price inflation, the Paris-based group said Monday.
Novo Nordisk parent to buy Catalent for $16.5 billion to expand Wegovy supply
Catalent is the main supplier of fill-finish work, which involves filling and packaging syringes and injection pens, for Novo Nordisk’s Wegovy.
Digital ad market shows signs of sharp rebound as Meta, Amazon point to growth
The digital advertising market appears to be on the upswing based on quarterly results last week from Alphabet, Meta and Amazon.
Comeback stocks: These names have jumped to start 2024 after falling last year
After falling behind in 2023, these stocks are making a comeback in 2024.
McDonald’s revenue misses estimates as Middle East conflict weighs on quarterly sales
McDonald’s fourth-quarter earnings beat expectations, but sales in its international markets lagged.
Powell insists the Fed will move carefully on rate cuts, with probably fewer than the market expects
Powell expressed confidence in the economy and said the pain he feared from rate hikes never really materialized.
Poll: 20-point deficit on handling economy highlights Biden’s struggles against Trump
The president’s approval rating has fallen to a new low in NBC News polling, as Trump narrowly leads in a 2024 general election matchup.
Satya Nadella’s first decade as Microsoft CEO was defined by cloud. What’s next?
Microsoft CEO Satya Nadella is marking a decade at the helm, and he’s now overseeing the world’s most valuable company.
