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Markets Recoil as Inflation Report Raises Stakes for Fed

The Business Newspaper Jun 10, 2022
On Friday, the yield on the two-year Treasury note jumped to 3.06 percent, up about a quarter of a point, while the yield on 10-year notes rose to 3.16 percent, up about a tenth of a point.Ultimately for investors, the concern is how…

U.S. Scrutinizes Swiss Currency Practices

The Business Newspaper Jun 10, 2022
WASHINGTON — The Treasury Department on Friday said it was concerned that some of America’s trading partners were taking actions to weaken their currencies and gain unfair trade advantages against the United States — but declined to…

Consumer sentiment plunges to record low amid surging inflation

The Business Newspaper Jun 10, 2022
Rising inflation continues to frustrate consumers, who are growing tired of shelling out more money -- and they are becoming increasingly despondent in the process.Record gas prices helped push down the consumer sentiment index from 58.4…

New Bill Could Change How Crypto Markets Are Regulated

The Business Newspaper Jun 10, 2022
Image source: Getty Images Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) introduced the bill earlier this…

Inflation hits 40-year high as CPI rises 8.6% in May

The Business Newspaper Jun 10, 2022
U.S. consumer prices accelerated in May to the highest since 1981, as Americans grapple with a surge in the cost of gas, food, and shelter, data showed Friday.The Bureau of Labor Statistics' May Consumer Price Index (CPI) showed a…

Analysis | Fox News didn’t just ignore the Jan. 6 hearing. It did something worse.

The Business Newspaper Jun 10, 2022
Placeholder while article actions loadFox News didn’t need to announce that it wasn’t going to cover Thursday night’s prime-time hearing from the House select committee investigating the Jan. 6, 2021, attack on the Capitol. The network…

With earnings risk, valuations aren’t really compelling: Edelweiss Fin head

The Business Newspaper Jun 10, 2022
In a Q&A, Aditya Narain says India's valuations have come off but are still more expensive than other markets. Also, downward pressure on earnings makes the environment uncertain…

PacketWatch Announces Jeff Beall as Vice President of Business Development

The Business Newspaper Jun 10, 2022
The company looks to expand cybersecurity relationships with more Law Firms, Private Equity Groups, and IT/Security Channel PartnersSCOTTSDALE, Ariz., June 9, 2022 /PRNewswire/ -- PacketWatch announced today that tech industry veteran,…

TikTok to create 1,000 jobs in Ireland

The Business Newspaper Jun 10, 2022
Fast growing video-sharing platform TikTok is to create 1,000 jobs in Ireland. The new roles will be added to the 2,000 staff already employed by the company here. TikTok has had a presence in Ireland since 2019. The social media firm…

Biden administration wants to standardize electric vehicle charging, like gas stations

The Business Newspaper Jun 10, 2022
Its new proposed rule would require the half-million electric vehicle chargers it plans to fund to be interoperable, similar to the way a gas pump works with any vehicle. Charging stations funded under the federal program would also be…
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Economy

Bitcoin, The Purchasing Power Preserver

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Euro drops to 20-year low, approaches parity with dollar

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Emmanuel Macron secretly aided Uber lobbying drive in…

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Sectors

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Jobs

Looming Musk-Twitter legal battle hammers company shares

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Forbes recognizes Town & Country Credit Union

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Markets

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