(AFP) — Stock markets mostly advanced on Tuesday despite fresh recession worries on a report tech titan Apple may scale back hiring and investment. Meanwhile, the euro rallied against the dollar as traders looked ahead to a key European Central…
By: Thomas I. LiknessEagle News Service (Eagle News) — In a surprise move Wednesday, Canada’s central bank has hiked its key interest rate by a full percentage point. The bank admits the move to raise the rate to 2.5% is…
By Julie JammotAgence France-Presse (AFP) — Courted and then jilted by the world’s richest person, Twitter looks well positioned to win a court battle with Elon Musk over a $1 billion breakup fee and more — but the company will…
By: Thomas I. LiknessEagle News Service (Eagle News) — Canadians are digging deeper to cover the cost of living as the country’s inflation rate hit 7.7% in the month of May. The biggest culprit is gasoline prices, Statistics Canada said…
(AFP) — Equities and oil prices tumbled Wednesday after a brief respite from last week’s painful rout across world markets, with recession fears building as central banks hike interest rates to combat decades-high inflation. While Asia, Wall Street and Europe…
(AFP) — The US Federal Reserve announced the most aggressive interest rate increase in nearly 30 years on Wednesday, and said it is prepared to do so again next month in an all-out battle to drive down surging inflation. The super-sized…
(AFP) — Elon Musk threatened Monday to withdraw his bid to buy Twitter, accusing it of failing to provide data on fake accounts, in the latest twist in the Tesla billionaire’s push to acquire the social network. Twitter has committed…
(AFP) — Elon Musk said on Friday he was putting a temporary halt on his much-anticipated deal to buy Twitter, sending shares in the social media giant plunging. Musk, the world’s richest man and founder of automaker Tesla, had made…
By Heather ScottAgence France-Presse (AFP) — The Federal Reserve on Wednesday announced its biggest rate hike since 2000, with a half percentage point increase as it works to crush soaring US inflation. With inflation at the highest rate in four…
(AFP) — Wall Street stocks declined early Friday following mixed US data that highlighted strong consumer spending and elevated inflation, while Amazon sank on disappointing results. The Commerce Department reported personal consumption expenditures climbed 1.1 percent, almost twice what analysts…
