Fed Governor Michael Barr gave his first policy speech since being confirmed by the Senate.Story Published at: September 07, 2022 at 07:09PM
New Fed banking chief targeting crypto and climate change as top priorities
GameStop reports wider loss, announces partnership with crypto exchange FTX
GameStop said quarterly sales declined and losses widened, as its inventory of video game equipment and more swelled.Story Published at: September 07, 2022 at 09:16PM
Delaware court denies Musk request to delay Twitter trial but approves request to add whistleblower claims
A Delaware court denied Elon Musk’s request to delay the trial over his attempt to abandon a deal to buy Twitter, according to a new filing.Story Published at: September 07, 2022 at 02:48PM
‘Deeply worrying’: Liz Truss’ pick for Britain’s energy chief slammed by climate campaigners
Jacob Rees-Mogg is part of the cabinet assembled by the U.K.’s new Prime Minister, Liz Truss.Story Published at: September 07, 2022 at 02:26PM
Assassin’s Creed maker Ubisoft plunges 16% after Chinese giant Tencent ups stake
Chinese tech giant Tencent increased its stake in Ubisoft via an investment in an entity controlled by the Guillemot family who founded the French gaming firm. Story Published at: September 07, 2022 at 01:05PM
Putin claims the U.S. wants to preserve global ‘dictatorship’ and is sacrificing Europe
Russian President Vladimir Putin accused the U.S. of wanting to maintain a “dictatorship” in global affairs.Story Published at: September 07, 2022 at 11:02AM
Deutsche Bank CEO warns recession is inevitable, says Germany must cut reliance on China
Deutsche Bank CEO Christian Sewing has warned that a recession in Germany is inevitable, and urged the country’s leaders to accelerate its decoupling from China.Story Published at: September 07, 2022 at 10:22AM
Bitcoin hits lowest level since June as cryptocurrency market drops below $1 trillion again
Cryptocurrency prices are being hit by a higher U.S. dollar and falling stock markets as the Federal Reserve continues to tighten policy to fight inflation. Story Published at: September 07, 2022 at 09:31AM
As Elon Musk backs fossil fuels, one strategist sends a warning over EV sales
Saxo Bank’s Peter Garnry made his comments during an interview with “Street Signs Europe.” Story Published at: September 07, 2022 at 07:53AM
European Central Bank could unleash a jumbo rate hike as the economy slides toward recession
Inflation in the euro zone hit 9.7% in August and with the continued pressure on energy prices it’s expected to reach double-digit levels in the coming months.Story Published at: September 07, 2022 at 06:48AM