The Federal Reserve raised rates. Chair Powell says it’s ‘premature’ to declare victory against inflation
The Federal Reserve raised rates by 25 basis points, or 0.25 percentage point, as was widely expected.
Adani abandons $2.5 billion share sale in big blow to Indian tycoon
Gautam Adani’s flagship firm called off its $2.5 billion share sale in a dramatic reversal as a rout sparked by a U.S. short-seller wiped billions more off the stocks.
Samsung launches new Galaxy S23 smartphone lineup with improved camera, gaming capabilities
Samsung launched its new Galaxy S23 smartphone lineup Wednesday. The S23 will go head-to-head with Apple’s iPhone 14.
European stocks close lower as markets await Fed’s latest rate decision
European markets closed lower Wednesday, with investors keeping a close eye on the U.S. Federal Reserve’s next monetary policy decision.
Meta shares soar almost 20% on fourth-quarter revenue beat
Facebook-parent Meta reported revenue for the fourth quarter that topped estimates and gave a forecast suggesting that sales could rise in the first quarter.
Early retiree says breaking these 6 ‘society rules’ helped him save $1 million: ‘I wasn’t born rich’
Early retiree Steve Adcock saved $1 million by working 9-to-5 jobs, investing well, and breaking society rules. Here’s his best advice for achieving a successful life.
Latvia threatens Olympic boycott if Russians compete
The Latvian Olympic Committee is the first national Olympic body other than Ukraine which has threatened to boycott rather than compete against Russia.
OPEC+ committee recommends no change in oil output policy at virtual meeting
A technical committee of the influential OPEC+ oil producers’ coalition has made no recommendation to change the group’s existing production policy in its latest meeting, according to three delegates.
Euro zone inflation dips for a third straight month as energy prices continue to fall
Inflation in the euro zone dropped for a third consecutive month in January.
Gold demand surged to an 11-year high in 2022 on ‘colossal’ central bank buying
Gold demand soared to an 11-year high in 2022 on the back of “colossal central bank purchases, aided by vigorous retail investor buying,” according to the World Gold Council.
