(Reuters) – Big Tech firms and Wall Street titans are leading a string of layoffs across corporate America as companies look to rein in costs to ride out a global economic downturn. Rapid intere[...]
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Articles written by Cam
Fed’s Mester Sticks with December Interest Rate Projection for Now
(Reuters) – Cleveland Federal Reserve President Loretta Mester said on Friday that she was keeping to her previous forecast made at the end of last year for the U.S. central bank’s interes[...]
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Norfolk Southern CEO Apologizes to Ohio Townspeople, Vows to ‘Do What’s Right’
(Reuters) -Norfolk Southern will take responsibility for cleaning up the environmental damage from this month’s train derailment and controlled detonation of hazardous materials in East Palestin[...]
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Private Credit Investments Surged 89% In 2022 – Report
By Chiara Elisei LONDON (Reuters) – Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative finan[...]
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Global Economics: Bank of Israel Raises Interest Rates by 50 Basis Points
JERUSALEM (Reuters) – The Bank of Israel on Monday raised its benchmark interest rate by another half a percentage point, the eighth straight meeting it has increased rates to try to rein in inf[...]
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U.S. Bond Funds See First Weekly Outflow in Six Weeks on Rate Hike Concerns
(Reuters) – U.S. bond funds witnessed their first weekly net selling in six weeks in the seven days to Feb. 15 as bond yields climbed on concerns over more Federal Reserve tightening after data[...]
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Ukraine War Shows Urgency of Military AI, Palantir CEO Says
By Toby Sterling and Stephanie van den Berg AMSTERDAM (Reuters) – Ukraine’s effective use of artificial intelligence (AI) to target Russian forces has pushed the technology onto the agenda[...]
Read moreU.S. Small Business Sentiment Improves in January – NFIB
WASHINGTON (Reuters) – U.S. small-business confidence improved in January as worries about inflation eased, but labor shortages remained a major concern for many owners, according to a survey on[...]
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Exchange Operator CME Group’s Profit Beats on Robust Trading Volumes
(Reuters) – Futures exchange operator CME Group Inc on Wednesday reported a better-than-estimated fourth-quarter profit as recessionary fears pushed investors toward its investment tools to hedg[...]
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