Author: IA PressRoom

The Beyhive gets everywhere, including, of course, Sweden’s inflation data. Sweden’s inflation data, released Wednesday, showed that year-over-year prices slowed to 9.7% in May from 10.5% in April, against expectations of a 9.4% reading. The reason, economists said, was Beyoncé’s concert in Stockholm. Recreation and culture prices gained 1.6%…

EXCLUSIVE: A government watchdog group is filing a federal lawsuit against the Federal Aviation Administration (FAA), arguing the agency has stonewalled records detailing Transportation Secretary Pete Buttigieg’s use of private government jets.The group, Americans for Public Trust (APT), said it has repeatedly requested FAA records detailing how often Buttigieg has used the agency’s small fleet of jets and the taxpayer costs associated with those flights. But, according to its lawsuit first seen by Fox News Digital, the FAA has improperly delayed producing the records on three separate information requests filed by APT.”Pete Buttigieg abused taxpayer dollars by using a private…

You need to have $2.2 million to be wealthy, according to a Charles Schwab survey of 1,000 Americans. But respondents who said they personally felt wealthy had, on average, $560,000 in total assets. 67% of boomers said that time was more important than money compared to 56% of millennials. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app You need $2.2 million if you want to be rich, according to a new survey. In a survey of 1,000 Americans conducted by Logica Research for financial services…

A bitter clash among the top leadership of Nissan has forced out an executive previously tipped as its next president, as the Japanese carmaker suffers its biggest crisis of governance since the 2018 ousting of Carlos Ghosn.The impending departure of chief operating officer Ashwani Gupta, which four people with direct knowledge of the situation said was agreed after months of internal turmoil, removes one of the strongest opponents of the terms under which Nissan is seeking to rebalance its alliance with France’s Renault.Chronic infighting has undermined the two carmakers’ efforts to salvage their partnership at a time when rivals are…

© Reuters Investing.com — The Federal Reserve has paused rate hikes for now, but not for long, while China’s central bank is heading in the opposite direction, cutting interest rates. The European Central Bank is up next, and is expected to continue tightening its monetary policy. 1. Fed signals more hikes ahead The U.S. announced a pause in its rate-hike cycle on Wednesday, as widely expected, the first such move since it started increasing interest rates to combat soaring inflation in March last year. However, this decision doesn’t mean the central bank has ended its policy of increasing interest rates,…

© Reuters. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, June 13, 2023. REUTERS/Staff/ FILE PHOTO By Shreyashi Sanyal (Reuters) -European shares slipped on Thursday amid rising fears of an increase in interest rates by the European Central Bank (ECB) later in the day just after the U.S. Federal Reserve signalled more hikes. The continent-wide index dipped 0.2% at 0831 GMT. The ECB is seen increasing the deposit rate by 25 basis points to 3.5%, the highest level in 22 years, while leaving the door open to more hikes to…

© Reuters. FILE PHOTO: The Russian flag flies on the dome of the Kremlin Senate building behind Spasskaya Tower, in central Moscow, Russia, May 4, 2023. REUTERS/Stringer/File Photo MOSCOW (Reuters) – A Kremlin aide urged the Russian government on Thursday to adopt legislation allowing foreign flagged vessels to use the Northern Sea Route (NSR), which Moscow wants to turn into a new Suez Canal. The NSR runs from Murmansk near Russia’s border with Norway eastwards to the Bering Strait near Alaska. Although the route is physically challenging, it could cut sea transport times between Europe and Asia at a time…

The recent significant drop of over 5% in Bitcoin’s price has raised concerns among investors and traders. As the world’s leading cryptocurrency, Bitcoin’s price movements often significantly impact the broader market. The question now is whether Bitcoin can find enough support to prevent further declines and stabilize above the crucial $24,000 level. In this Bitcoin price prediction, we will analyze the current market conditions and key factors that could influence the future direction of BTC. Fed Pauses Interest Rates After Ten Consecutive Increases; More Rate Hikes ExpectedAfter a series of 10 consecutive rate increases since March 2022, the United States Federal Reserve has opted…

© Reuters. FILE PHOTO: U.S. dollar banknotes are seen in this illustration taken March 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo By Samuel Indyk London (Reuters) – The U.S. dollar strengthened on Thursday after the Federal Reserve left borrowing costs unchanged but signalled further rate hikes to come as attention turned to the European Central Bank policy announcement later in the day. The Fed’s policy decision snapped a string of 10 consecutive rate hikes, but the projections, or dot plot, showed policymakers expect two more increases by the end of 2023. Powell said rate cuts in 2023 would not be appropriate. “Fed…

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