Former St. Louis Fed president says the FOMC still has ‘a ways to go’ on inflation
Former St. Louis Fed President Jim Bullard says the Fed still has “a ways to go” in fighting inflation and there is still a risk prices pick up once again.
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by 275 basis points in 2024, almost four times the market consensus.
Airlines are feeling the impact of the Israel-Hamas war, with bookings already hit
In the days following the Oct. 7 terrorist attack, flight bookings to the Middle East plunged, according to ticketing data.
British fintech Wise reports 280% jump in profit as higher interest rates boost income
British fintech Wise reports 280% jump in profit amid higher interest rates
Apple supplier Foxconn posts surprise 11% jump in third-quarter profit
Apple iPhone supplier Foxconn, officially known as Hon Hai, reported on Tuesday that third-quarter profit rose 11.27% from a year ago.
Is the UK space industry about to take off?
The failure of Virgin Orbit’s maiden attempt to launch a commercial satellite into orbit from U.K. soil in January 2022 may have spelled doom for the country’s $281 billion construction and launch industry. However, a number of companies are perseverin…
‘London feels relatively safer’: UK’s iconic West End acts as a testing ground for Broadway investment
When thinking about investing in theater, it’s important to understand how the economics of a particular show work.
CNBC Daily Open: Moody’s downgrade won’t dent the Treasury market
On Friday, Moody’s Investors Service cut its ratings outlook on the U.S. government. Investors, focused on the week ahead, are already shrugging that off.
World economy to perform better than expected in 2024, says Goldman Sachs
The investment bank said its economists believe the bulk of the drag from monetary and fiscal tightening policies is over.
Alphabet-backed GoCardless considers takeovers as CEO expects a barrage of consolidation
GoCardless CEO Hiroki Takeuchi said that his firm was “very open minded” about the prospect of mergers and acquisitions.
