US stocks and government bond prices swung higher on Wednesday afternoon after the Federal Reserve announced a slower pace of interest rate hikes. The US central bank raised its benchmark interest rate by 0.25 percentage points to a range of…
JPMorgan added new names to its top stock picks in February, including medical technology companies that rallied strongly to start the year. The S&P 500 had its best January in four years, rising 6.2%. The Nasdaq Composite also had its…
The Federal Reserve continued its fight against high inflation Wednesday by raising key interest rates by a quarter, the eighth increase since March. And the Fed has signaled that even if inflation is easing, it remains high enough to require…
Darktrace has disputed claims from a US hedge fund that the cyber security group appears to be creating “fictitious clients” to inflate sales figures, defending itself against short seller attacks. The FTSE 250 company announced on Wednesday that it would…
Raj Subramaniam, FedEx Corporation, speaks at the US Chamber of Commerce Aviation Summit in Washington, DC on March 5, 2020. Kristoffer Tripplaar Sipa via AP Image FedEx is cutting more than 10% of its officers and directors, CEO Raj Subramaniam…
Kevin McCarthy is rumored to have promised many things to Republican hardliners on his way to his position as speaker of the US House of Representatives. One is a “balanced budget” for 10 years. As part of the plan, Republicans…
Britain’s rail industry has stepped up efforts to end a seven-month strike, with infrastructure operator Network Rail making “revised” offers on pay and working practices to the RMT union. Network Rail hopes changes to the proposed modernization of working practices,…
Evan Spiegel, co-founder and chief executive officer of Snap Inc., said during the virtual Google Pixel Fall Launch event in New York, Tuesday, October 19, 2021. Michael Ngale | Bloomberg Getty Images Share from snap tumbled 15% in premarket trading…
The late Subway founder left a multibillion-dollar donation to a charity run by his sons when he dies in 2021: half of the privately owned sandwich chain. Subway started in 1965 when 17-year-old Fred DeLuca asked Dr. Peter Buck, a…
Chelsea FC spent €329 million in the January transfer window, more than all the top-tier clubs in Italy, Spain, France and Germany combined, a sign of the financial strength of the English Premier League. The deal for Argentina’s World Cup-winning…