Rising Rates Make Big Companies Even Richer – WSJ
The Federal Reserve jacked up interest rates to slow the red-hot economy. At some of the biggest and most secure companies, the moves had the
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Treasury yields edge lower despite US inflation higher than expected – The Financial Times
US stocks advanced and Treasury yields fell on Wednesday as investors shrugged off a higher than expected inflation report. The benchmark S&P 500 equity index
Wall Street’s mood is improving — but it’s far from upbeat – CNN
Wall Street’s optimism has edged up in recent weeks after an August slumpto levels not seen since the collapse of several regional banks earlier this
Higher Gasoline Prices Boost Retail Sales – WSJ
Americans spent more on gasoline last month and companies faced rising costs for jet fuel and diesel fuel, fresh signs of stubborn inflation pressures working
Sibos: what will be the buzz in Toronto?
Sibos, Swift’s user event, is back in Toronto, Canada for the third time. Under the umbrella theme of “collaborative finance in a fragmented world”, the
The Acceleration of Inflation in the Second Half Has Begun, “Disinflation” Honeymoon Terminated – Wolf Street
The Consumer Price Index (CPI) jumped by 0.63% in August from July, the biggest month-to-month increase since June 2022. Annualized, this amounts to a red-hot
Cash payments rise in UK as people seek ways to manage budgets – The Guardian
Cash has mounted a comeback in the UK, with payments made using notes and coins increasing for the first time in a decade, data shows.
ECB’s Razor-Edge Decision Rests on Price Outlook – Bloomberg
The European Central Bank’s dilemma over whether to deliver a 10th straight interest-rate increase on Thursday hinges chiefly on how quickly its forecasts show inflation retreating.
US inflation in August rose to 3.7% amid sharp increase in energy prices – The Guardian
US inflation in August rose for the first time since June 2022, rising to 3.7% as a sharp increase in energy prices pushed prices up
Google is laying off hundreds in its recruitment division – CNN
Google confirmed it will lay off hundreds of staff members who helped recruit and hire employees, as Silicon Valley continues its cost-cutting efforts. The latest