Posts with tag: productivity
Economists are doubtful that President Trump's protectionist trade policy will actually boost the US economy. A Yahoo Finance survey reveals that 73% of respondents expect the tariffs to raise prices, while nearly 60% believe they will weaken the economy overall. Trump supporters are more optimistic, with 64% believing the tariffs will make the economy stronger. However, the majority of non-Trump supporters and those who did not vote believe the tariffs will be damaging.
Published on: February 13, 2025, 11:03 AM UTC
BASF explores agricultural chemicals division IPO in the US or Germany
Published on: February 12, 2025, 06:04 PM UTC
US stocks ended mixed on Tuesday as investors weighed tariffs and upcoming inflation data. The Dow Jones rose 0.3%, while the S&P 500 closed flat. The tech-heavy Nasdaq Composite dipped 0.4%. Traders also digested Federal Chair Jerome Powell's testimony in Congress, which indicated no rush to adjust interest rates. Inflation remains persistent, with the Consumer Price Index (CPI) reading due Wednesday.
Published on: February 12, 2025, 01:03 PM UTC
January's CPI report is expected to show a 2.9% headline inflation rate, matching December's annual gain, and a 3.1% increase in core inflation, the lowest since April 2021. The impact of Trump's presidency, global tariffs, and rising inflation expectations on the Federal Reserve's interest rate path is discussed.
Published on: February 12, 2025, 04:01 AM UTC
BP Brazil head Andres Guevara de La Vega to take over as CEO of BP Bioenergy, replacing Geovane Consul who is leaving the company.
Published on: February 11, 2025, 11:04 PM UTC
Wells Fargo has five remaining consent orders to resolve, but recent terminations of regulatory punishments suggest progress. CFO Mike Santomassimo is confident in resolving the orders and working with urgency. The asset cap imposed by the Fed in 2018 could be removed in 2025 if issues are addressed.
Published on: February 11, 2025, 07:03 PM UTC
Federal Reserve Chair Jerome Powell signals a cautious approach to adjusting interest rates, emphasizing the need to balance inflation and economic growth while monitoring the impact of President Trump's policies.
Published on: February 11, 2025, 05:05 PM UTC
UK consumer watchdog chair Baroness Manzoor to step down in August amid regulatory shake-up
Published on: February 11, 2025, 03:00 PM UTC
Coca-Cola's profit outperforms expectations as shoppers embrace higher prices for its beverages, leading to a rise in premarket stock trading.
Published on: February 11, 2025, 01:07 PM UTC
RCI Hospitality Holdings Inc. (RICK) reported net income of $9 million in its fiscal first quarter, with a net income of $1.01 per share.
Published on: February 10, 2025, 10:07 PM UTC