Credit Suisse CS 0.19% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years fending off claims from Bidzina Ivanishvili, a former prime minister of Georgia. He sued the bank in Bermuda and Singapore for […]
The bond market’s most reliable gauge of the US economic outlook for the past half-century is hurtling toward inversion at a faster pace than it has in recent decades, raising fresh worries about the economy’s prospects as the Federal Reserve begins to consider aggressively hiking interest rates . The widely followed spread between 2-year TMUBMUSD02Y, […]
A brief wobble aside, the US stock market is taking Federal Reserve Chairman Jerome Powell’s decision to fully unleash the inflation-fighting side of his monetary policy persona in stride. That may be a surprise to some investors as Treasury yields soar and money-market participants price in an aggressive round of benchmark interest rate increases after […]
US stocks rose Tuesday, shaking off a wobble that followed remarks a day earlier by Federal Reserve Chairman Jerome Powell signaling that the central bank could deliver bigger interest rate increases at coming policy meetings in a bid to rein in inflation currently running at a 40 year high . What’s happening The Dow Jones […]
Elon Musk has arrived in Europe where he is to launch the beginning of a new era of Tesla (TSLA) – Get Tesla Inc Report on the mainland. The electric vehicle maker which produced nearly a million vehicles in 2021 wants to step up a gear and produce more in the coming years. To achieve […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
The US Securities and Exchange Commission headquarters in Washington, DC Photo: Al Drago/Bloomberg News Russia’s assault on Ukraine is changing the world—except Washington, DC, where the Biden Administration is continuing its war on fossil fuels as if energy security doesn’t matter. The latest strike came Monday when the Securities and Exchange Commission voted 3-1 to […]
Elon Musk is not known for standing up for his rivals. It’s quite the opposite because he doesn’t like being upstaged. The charismatic CEO of Tesla (TSLA) – Get Tesla Inc Report and SpaceX has just played, for a few tweets, the lawyer of one of the most serious rivals of Tesla, the manufacturer of […]
Elon Musk is not known for standing up for his rivals. It’s quite the opposite because he doesn’t like being upstaged. The charismatic CEO of Tesla (TSLA) – Get Tesla Inc Report and SpaceX has just played, for a few tweets, the lawyer of one of the most serious rivals of Tesla, the manufacturer of […]
ExxonMobil (XOM) made a $23 billion profit in 2021, its largest in seven years. And as oil prices rise, it’s expected to make nearly $33 billion this year. BP (BP)meanwhile, earned $12.8 billion in 2021 and is forecast to earn $15.6 billion in 2022. Both the United States and United Kingdom have imposed windfall profit […]
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