(Reuters) – Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company’s workforce in…
Wall Street drops as Powell signals Fed not close to done
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks ended sharply lower on Wednesday, as comments from Fed Chair Jerome…
Powell says Fed officials recommitted to meeting new ethics standards
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell acknowledged on Wednesday the U.S. central bank’s…
White House announces $13.5 billion funding to help households with energy bills
(Reuters) – President Joe Biden’s administration will make $13.5 billion available to help low-income U.S. households lower their heating costs…
Fed delivers fourth 75 bp hike, signals scale-back coming
NEW YORK (Reuters) – The Federal Reserve on Wednesday raised interest rates by three-quarters of a percentage point as it…
Fed’s Powell: ‘Ultimate level’ of rates likely higher than earlier estimates
(Reuters) – The “ultimate level” of the Federal Reserve’s benchmark policy rate is likely higher than previously estimated, Fed Chair…
New GSK maintains strong start, but Zantac litigation looms large
By Natalie Grover (Reuters) -GSK raised its 2022 forecast for the second time this year, after third-quarter earnings and sales…
Britain to go it alone for now on reining in ‘shadow banking’
By Huw Jones LONDON (Reuters) – Britain, rattled by the recent near meltdown of some pension funds, is pressing ahead…
Post-shutdown HBCU homecomings bring much-needed boosts to revenues
(This Nov. 1 story has been corrected to remove the reference in paragraph 6 to Lincoln College as it is…
Ukraine conflict, sanctions set to blow hole in Russia’s finances
By Darya Korsunskaya (Reuters) – The cost of Russia’s military mobilisation and the impact of Western sanctions are set to blow…