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Financial News Around the World

Biden calls for tax on the wealthy to extend Medicare funding

President Joe Biden this week called for higher taxes on wealthy Americans to boost Medicare as part of his 2024 budget. Here’s what to know about the plan.

Published 8 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: Stitch Fix, Tesla, WeWork, Campbell Soup and more

Stitch Fix fell on disappointing quarterly results.

Published 8 March 2023
Categorised as Finance News

Job openings declined in January but still far outnumber available workers

The Labor Department’s Job Openings and Labor Turnover Survey showed there are 10.824 million openings, down some 410,000 from December.

Published 8 March 2023
Categorised as Finance News

Watch Fed Chair Jerome Powell speak live in second day of Capitol Hill testimony

On Tuesday, Powell told the Senate Banking Committee that the central bank could raise interest rates moer aggressively if inflation data remains strong.

Published 8 March 2023
Categorised as Finance News

Private payrolls rose by 242,000 in February, better than expected, ADP says

Companies added jobs at a brisk pace in February as the labor market kept humming, payroll services firm ADP reported Wednesday.

Published 8 March 2023
Categorised as Finance News

No exit ramp for Fed’s Powell until he creates a recession, economist says

The U.S. Federal Reserve is likely to hike interest rates to at least 6.5% if the economy does not enter a mid-year recession, according to TS Lombard Chief U.S. Economist Steven Blitz.

Published 8 March 2023
Categorised as Finance News

China plans to revamp finance, tech oversight

China plans to overhaul its financial regulatory system by consolidating aspects of the central bank and securities regulator under a new entity.

Published 8 March 2023
Categorised as Finance News

BlackRock says the Federal Reserve could hike interest rates to a peak of 6%

BlackRock’s chief investment officer of global fixed income Rick Rieder wrote in response to Fed Chair Jerome Powell’s testimony before a Senate committee.

Published 8 March 2023
Categorised as Finance News

One of Europe’s biggest banks is quickly rotating job roles to help women get to the top

The finance industry needs to be faster at getting women into management positions, according to Santander Executive Chair Ana Botin.

Published 8 March 2023
Categorised as Finance News

Warren Buffett’s Berkshire Hathaway buys more Occidental Petroleum shares

Warren Buffett’s Berkshire Hathaway added to its already large Occidental Petroleum stake over the past trading sessions.

Published 8 March 2023
Categorised as Finance News

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