Category Archives: CNN – Business

Financial markets are moving into a new era

Financial markets are moving into a new era

What Federal Reserve Chair Jerome Powell said in staid tones on Wednesday may not have sounded momentous. It was. What’s happening: The US central bank now expects to raise interest rates in 2023 as the post-pandemic economy booms and inflation rises. That’s sooner than it indicated in March, when the Fed predicted rates would stay…MORE

Companies are celebrating Juneteenth in unique ways this week

Companies are celebrating Juneteenth in unique ways this week

Major corporations are celebrating Juneteenth in unique ways this week. The annual June 19 tradition, which falls on Saturday this year, commemorates the day in 1865 when former American slaves in Galveston, Texas, were finally informed of President Abraham Lincoln’s January 1, 1863, Emancipation Proclamation and the end of the Civil War. It took Union…MORE

The Fed expects to raise rates sooner than you’d think

The Fed expects to raise rates sooner than you’d think

The Federal Reserve expects to raise interest rates in 2023, according to new economic projections the central bank published Wednesday. That’s a sharp contrast from the Fed’s previous forecast in March, in which the central bank predicted rates would stay near zero for at least the next two years. Some members of the Federal Open…MORE

IKEA, Nivea and Grolsch pull ads from GB News days after launch

IKEA, Nivea and Grolsch pull ads from GB News days after launch

A number of companies are pulling advertising from GB News just days after Britain’s newest and most controversial TV channel launched with a self-professed mission to fight “cancel culture.” Swedish furniture giant IKEA, skin cream maker Nivea and brewer Grolsch are among brands that have either pulled or paused advertising on the channel. GB News’…MORE

Reporter confronts Putin: ‘What are you so afraid of?’

Reporter confronts Putin: ‘What are you so afraid of?’

ABC News reporter Rachel Scott on Wednesday confronted Russian President Vladimir Putin about his crackdown on political opponents. “The list of your political opponents who are dead, imprisoned, or jailed is long … and you have now prevented anyone who supports [Russian opposition leader Alexey Navalny] to run for office,” Scott said. “So my question…MORE

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