Bill Gross says markets are headed for ‘potential chaos’ if interest rates keep going up
The famed investor expects a mild recession could take a turn for the worse on tightening monetary policy.
‘Bond King’ Bill Gross likes these REITs as Fed rate hikes hit the housing market
Bill Gross has been investing in real estate investment trusts, also known as REITs.
EU opens antitrust probe into Broadcom’s $61 billion VMware bid
The European Commission has opened an in-depth investigation into U.S. chipmaker Broadcom’s $61 billion bid for cloud computing firm VMware.
The EU agreed to limit gas prices, but some analysts are skeptical
The Netherlands and Austria continue to cite supply and financial concerns, while analysts say the EU could quickly ditch the cap when it needs more gas.
Amazon avoids multibillion-dollar fine as it reaches EU antitrust settlement
Amazon made a series of commitments to address allegations from the European Union that the company was using independent sellers’ data to its advantage.
Not a ‘panacea’: UK lawmakers play down hydrogen’s role in net-zero shift
The lawmakers sought to temper expectations about the role hydrogen could play in slashing emissions and the transition to a net-zero economy.
Auto executives are less confident in EV adoption than they were a year ago
For the U.S., the median expectation for EV sales was 35% of the market by 2030 — down from 65% a year earlier.
Bank of Japan shocks global markets with bond yield shift
Global markets were jolted overnight after Japan unexpectedly raised the cap on 10-year Japanese government bond yields, sparking a sell-off in bonds and stocks.
New British banknotes featuring portrait of King Charles III revealed
The Bank of England released images of the first bank notes to feature the portrait of King Charles III.
British bank TSB fined £48.65 million over IT platform migration failures
British lender TSB has been fined £48.65 million ($59.07 million) over a botched IT platform migration in 2018, the FCA and the Bank of England said Tuesday.
