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Financial News Around the World

Wholesale prices rose just 0.2% in April, less than estimate as inflation pressures ease

Wholesale prices rose less than expected in April, according to a Labor Department report Thursday.

Published 11 May 2023
Categorised as Finance News

Stocks making the biggest moves premarket: PacWest, Disney, Robinhood and more

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

Published 11 May 2023
Categorised as Finance News

Bank of England hikes rates by 25 basis points, no longer sees recession

The Bank of England on Thursday hiked interest rates by 25 basis points and upgraded its projections for the U.K. economy.

Published 11 May 2023
Categorised as Finance News

Watch Governor Andrew Bailey speak after the Bank of England’s rate hike

Bank of England Governor Andrew Bailey is speaking at a press conference following the U.K. central bank’s latest monetary policy decision.

Published 11 May 2023
Categorised as Finance News

German minister calls for maturity on U.S. debt ceiling talks: ‘We have to avoid further risks’

Time is running out for an agreement, with U.S. Treasury Secretary Janet Yellen warning earlier this month that without a deal, the largest economy in the world could default by June 1.

Published 11 May 2023
Categorised as Finance News

Yellen says it should be ‘unthinkable’ for the U.S. to default on its debt

U.S. Treasury Secretary Janet Yellen spoke to reporters ahead of the G-7 finance ministers and central bank governors meetings in Niigata, Japan.

Published 11 May 2023
Categorised as Finance News

Covid caused huge shortages in the jobs market. It may be easing — but there’s another problem ahead

Since the onset of Covid-19, labor shortages have plagued major economies and intensified inflationary pressures, but economists expect this trend to finally abate.

Published 11 May 2023
Categorised as Finance News

Stocks making the biggest moves after hours: Disney, Beyond Meat, Sonos, Robinhood and more

These are the stocks posting the largest moves in extended trading.

Published 10 May 2023
Categorised as Finance News

Twilio tanks on 2Q forecast. This is what it could mean for the stock

Pros on CNBC discuss Twilio’s stock plunge after its weaker-than-expected guidance for second-quarter earnings and revenue.

Published 10 May 2023
Categorised as Finance News

Here’s the best time to redeem Series I bonds to maximize your interest

If you want to sell your Series I bonds, it’s important to consider the timing of the three-month interest penalty to maximize your earnings.

Published 10 May 2023
Categorised as Finance News

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