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Fed’s Bullard sees more interest rate hikes ahead and no U.S. recession
St. Louis Federal Reserve President James Bullard said Wednesday that the central bank will continue raising rates until it sees compelling evidence that inflation is falling. The central bank official said he expects another 1.5 percentage points or so in interest rate increases this year as the Fed continues to battle the highest inflation levels […]
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‘It’s just hell’: Ukraine says Russia has the advantage in battle for the Donbas; grain ship safely arrives in Turkey
First grain shipment out of Ukraine in months reaches Turkey safely The first grain ship to leave Ukraine in months has arrived safely in Turkish waters, where it will be inspected before it continues its journey to Lebanon. The shipment comes after a deal was brokered between Russia and Ukraine by Turkey and the United […]
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Fed’s James Bullard expresses confidence that the economy can achieve a ‘soft landing’
James Bullard Olivia Michael | CNBC St. Louis Federal Reserve President James Bullard said Tuesday that he still thinks the economy can avoid a recession, even though he expects the central bank will need to keep hiking rates to control inflation. “I think that inflation has come in hotter than what I would have expected […]
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Stocks making the biggest moves after hours: PayPal, Airbnb, Match Group, Caesars and more
A sign is posted outside of the PayPal headquarters in San Jose, California. Justin Sullivan | Getty Images Check out the companies making headlines in extended trading. Match Group — Shares of the dating app operator tumbled as much as 23% after the company reported revenue of $795 million for the second quarter, compared with […]
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Fed’s Daly says ‘our work is far from done’ on inflation; Evans sees ‘reasonable’ chance for smaller hike
Mary Daly, President of the Federal Reserve Bank of San Francisco, poses after giving a speech on the U.S. economic outlook, in Idaho Falls, Idaho, U.S., November 12 2018. Ann Saphir | Reuters The Federal Reserve still has a lot of work to do before it gets inflation under control, and that means higher interest […]
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Stocks making the biggest moves midday: Uber, Pinterest, Caterpillar and more
An Uber banner on the New York Stock Exchange on the day of Uber’s IPO, May 10, 2019. Source: NYSE Check out the companies making headlines in midday trading Tuesday. Uber Technologies — Uber shares popped 17.6% after the ride-hailing giant reported a quarterly revenue that beat analyst expectations. The company’s revenue came in at […]
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U.S. fears Russia is using a ‘nuclear shield’ in Ukraine; Zelenskyy calls grain shipment a ‘positive signal’
BP’s Gelsenkirchen plant no longer uses Russian crude Shares of BP are up over 20% year-to-date. Sopa Images | Lightrocket | Getty Images Amid its second-quarter earnings update Tuesday, BP CEO Bernard Looney said that the firm’s refinery in Gelsenkirchen, Germany, no longer uses Russian crude, down from 50%. Oil majors have been one of […]
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Ukraine’s first grain shipment in months leaves port; Putin says navy will be armed with hypersonic missiles
Putin says Russia’s navy will get new hypersonic missiles soon Russian President Vladimir Putin at the Navy Day Parade on July, 31 2022, in St. Petersburg, Russia. Planned Navy Day celebrations in Sevastopol in Russian-annexed Crimea were canceled on Sunday after officials accused Ukraine of carrying out a drone attack on the Black Sea Fleet’s […]
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Ukraine denies missile strike on Donbas prison; Wagner fighters given front-line duties, UK says
Ukraine denies carrying out missile strike on prisoner camp Russia’s Ministry of Defense claimed Friday that 40 Ukrainian prisoners of war were killed and 75 wounded in a strike on a detention center in the town of Olenivka, in Russian-controlled Donetsk. NBC News was not able to immediately verify the Russian claim. Ukraine officials have […]
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Amazon jumps on revenue beat and rosy guidance for third quarter
Amazon shares climbed more than 12% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook. Here’s how the company did: EPS: Loss of 20 cents Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv Here’s how other key Amazon segments did during the quarter: Amazon Web Services: […]
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