lifts

ECB lifts rates by unprecedented 75 bps to fight inflation

ECB lifts rates by unprecedented 75 bps to fight inflation

Register now for FREE unlimited access to Reuters.com Register Raises deposit rate to 0.75% from zero Euro zone inflation uncomfortably high and rising New ECB forecasts show higher inflation, lower growth More rate hikes flagged Lagarde to speak at 1245 GMT FRANKFURT, Sept 8 (Reuters) – The European Central Bank raised its key interest rates …

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Goldman Sachs lifts all COVID protocols, orders staff to return to office full-time

Goldman Sachs lifts all COVID protocols, orders staff to return to office full-time

Wall Street giant Goldman Sachs will lift all COVID protocols that have kept some workers away as it pushes all employees to return to the office five days a week after Labor Day, The Post has learned. In a memo sent Tuesday obtained by The Post, Goldman Sachs told workers it will no longer require …

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U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech

U.S. stocks climb as strong economic data lifts sentiment ahead of Powell speech

U.S. stocks advanced on Thursday with the main benchmarks headed for back-to-back gains following a batch of strong economic data as investors waited to hear from Federal Reserve Chairman Jerome Powell. How stocks are trading S&P 500 SPX rose 18 points, or 0.6%, to 4,163. Dow Jones Industrial Average DJIA advanced 22 points, or 0.1%, …

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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Fed now seen delivering 50 bps hike in September U.S. consumer price growth slows in July Musk sells Tesla shares worth $6.9 …

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Dow Jones Up Despite Fed Fears After Jobs Report; Biden Bill Progress Lifts Solar Stocks; Tesla Stock Falls After This

Dow Jones Up Despite Fed Fears After Jobs Report; Biden Bill Progress Lifts Solar Stocks; Tesla Stock Falls After This

The Dow Jones Industrial Average reversed higher and indexes were off their lows after a shockingly hot July jobs report raised Fed rate hike fears. Solar plays that include SolarEdge (SEDG) were mostly positive, reacting to progress on the Biden spending bill. Tesla (TSLA) fell even though shareholders approved a 3-for-1 stock split. Meanwhile, a …

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HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC hangs up on Ping An break-up call, lifts payout and profit goal

HSBC to revert to paying quarterly dividends from 2023 Aims to win over investors with higher profitability target Says demerger of Asian business has huge risks London shares rise 6% LONDON/SINGAPORE, Aug 1 (Reuters) – HSBC (HSBA.L) pushed back on a proposal by top shareholder Ping An Insurance Group Co of China (601318.SS) to split …

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JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Lifts Offer for Spirit Airlines, Commits to Selling Assets

JetBlue Airways Corp. JBLU 5.30% is continuing its quest to buy Spirit Airlines Inc., SAVE 2.11% increasing its offer and strengthening its commitment to divest itself of assets to get regulatory approval for the deal. JetBlue JBLU 5.30% on Monday increased its offer to $33.50 in cash per Spirit share. Previously, it had offered $31.50 …

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Emergency ECB meeting lifts Europe, Fed ready to go big

Emergency ECB meeting lifts Europe, Fed ready to go big

News of emergency ECB meeting sends Italian markets soaring Market almost fully priced for Fed to hike 75 bps Euro rally knocks dollar off 20-yr peak, U.S. yields off decade top China economic data slightly beat forecasts, still weak LONDON/SYDNEY, June 15 (Reuters) – European markets rallied on Wednesday on news the European Central Bank …

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