Even though gold is seen as a hedge against inflation, higher interest rates increase the opportunity cost of holding the bullion while boosting the dollar,…
Bank of East Asia downplays concerns over executive’s arrest
News, analysis and comment from the Financial Times, the worldʼs leading global business publication
Dow falls more than 600 points as hot inflation report points to more aggressive Fed
The Dow Jones Industrial Average slid 641 points, or 2%. The S&P 500 dropped 2.4%, and the Nasdaq Composite sank more than 3%.
Twitter News Updates Live: Twitter shareholders approve Elon Musk’s $44 billion takeover deal – The Economic Times
Twitter shareholders on Tuesday approved Tesla chief Elon Musk’s USD 44 billion bid to buy the social media platform. The approval to accept Musk’s offer…
Magnetite Mines plans to more than double iron ore output at Razorback to meet growing demand
“In raising its sights, the company is responding to direct evidence of rapidly evolving market conditions associated with the…
Next rate hike will spark ‘dangerous game’ with state of economy, investor Peter Boockvar warns
Investor Peter Boockvar believes Wall Street is coming to grips with a painful reality: Inflation isn’t moderating, so the Federal Reserve won’t pivot.
Stock market immediately drops on bad news
Inflation is still white hot in the United States.
Starbucks details its NFT loyalty program
The coffee giant, a pioneer in mobile payments, will let customers earn or buy non-fungible tokens through its mobile app as part of an overhaul…