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Markets fully price in quarter-point interest rate hike in February as inflation slows

Pricing Wednesday morning pointed to a 94.3% probability of a 0.25 percentage point hike at the Federal Reserve’s two-day meeting that concludes Feb. 1.

Published 18 January 2023
Categorised as Finance News

Federal Reserve Chairman Jerome Powell tests positive for Covid

Powell is experiencing “mild symptoms,” according to the announcement.

Published 18 January 2023
Categorised as Finance News

Ripple CEO is optimistic the crypto firm will get ruling on XRP lawsuit soon, slams ’embarrassing’ SEC

Ripple CEO Brad Garlinghouse said he is optimistic a judge will issue a ruling on its legal dispute with the Securities and Exchange Commission this year.

Published 18 January 2023
Categorised as Finance News

Wholesale prices fell 0.5% in December, much more than expected

The producer price index was expected to decrease 0.1% in December, according to Dow Jones estimates.

Published 18 January 2023
Categorised as Finance News

David Solomon admits Goldman took on too much, too quickly in consumer business

“We obviously had a disappointing quarter and we tried to own that, you know, up front,” Solomon told CNBC’s “Squawk Box” Wednesday.

Published 18 January 2023
Categorised as Finance News

Stocks making the biggest moves premarket: United Airlines, Moderna, IBM and more

These are the stocks posting the largest moves before the bell.

Published 18 January 2023
Categorised as Finance News

Over 200 millionaires urge Davos elite to up taxes on the ultra-rich

Over 200 millionaires called on the elite attendees of this week’s World Economic Forum in Davos to “tackle extreme wealth” and “tax the ultra-rich.”

Published 18 January 2023
Categorised as Finance News

Top business leaders and policymakers discuss the future of jobs at the World Economic Forum

Moderated by CNBC’s Geoff Cutmore, top business leaders discuss at Davos, Switzerland, the impact the green transition, technological advances, demographics and reorganized value chains could have on labor markets.

Published 18 January 2023
Categorised as Finance News

Naftogaz CEO says the Ukrainian state energy giant will be out of default soon

Naftogaz was the first Ukrainian government-owned entity to default since Russia invaded the country in February. 

Published 18 January 2023
Categorised as Finance News

Where are the safest places to travel in 2023? It depends on how you define ‘safe’

New reports show the “safest” travel destinations vary by whether crime, terrorism, quality of medical care or people’s perceptions are analyzed.

Published 18 January 2023
Categorised as Finance News

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