The European Central Bank opted for a smaller rate hike at its Thursday meeting, taking its key rate from 1.5% to 2%.
Category: Finance News
Watch live: ECB President Christine Lagarde speaks after rate decision
European Central Bank President Christine Lagarde is giving a press conference following the bank’s latest monetary policy decision.
Stocks making the biggest moves premarket: Tesla, Warner Bros. Discovery, Lennar and more
These are the stocks posting the largest moves before the bell.
Swiss central bank hikes interest rates by 50 basis points to counter ‘further spread of inflation’
The Swiss National Bank has increased its benchmark interest rate for the third time this year, taking it to 1%.
Recession fears could trigger a ‘lipstick’ effect on deal activity next year
Global deal volume and size decreased this year amid macro headwinds. Recession fears could see buyers increasingly focus on smaller deals.
Elon Musk sells another huge chunk of Tesla shares
The transactions took place between Monday and Wednesday this week according to the filings with the Securities and Exchange Commission.
The Fed projects raising rates as high as 5.1% before ending inflation battle
The Federal Reserve expects it will hike interest rates as high as 5.1% in 2023 before the central bank ends its fight against runaway inflation.
Fed raises interest rates half a point to highest level in 15 years
The Federal Reserve raised its benchmark interest rate to the highest level in 15 years, indicating that the fight against inflation is not over yet.
Here’s what changed in the new Fed statement
This is a comparison of Wednesday’s Federal Open Market Committee statement with the one issued after the Fed’s previous policymaking meeting on Nov. 2.
New FTX CEO is getting paid $1,300 an hour, and customers will foot the bill
Overall, Ray and his three-person team are taking home $4,225 an hour.