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You are here: Home / Archives for US Top News and Analysis

Bank of England surprises with 50 basis point rate hike to tackle persistent inflation

June 22, 2023 by US Top News and Analysis

The Bank of England on Thursday surprised markets with a 50 basis point hike to interest rates, its 13th consecutive increase.

Filed Under: Uncategorized

GE to jointly produce fighter jet engines in India

June 22, 2023 by US Top News and Analysis

General Electric’s aerospace unit signed an agreement with India’s state-owned Hindustan Aeronautics to make fighter jet engines for the Indian Air Force.

Filed Under: Uncategorized

Turkey’s central bank hikes interest rate to 15% in dramatic U-turn to fight inflation

June 22, 2023 by US Top News and Analysis

The rate hike is Turkey’s first since March 2021.

Filed Under: Uncategorized

Longtime Tesla bull Adam Jonas downgrades the electric vehicle maker, cites high valuation after rally

June 22, 2023 by US Top News and Analysis

Tesla stock is downgraded by Morgan Stanley in the second such move by a major analyst in 2 days.

Filed Under: Uncategorized

New Senate legislation seeks to revise national labor law, targeting port union workers

June 22, 2023 by US Top News and Analysis

A new Senate bill seeks to limit the power of unions by revising federal labor law and targets worker practices that led to recent West Coast port slowdowns.

Filed Under: Uncategorized

Morgan Stanley says sell this aluminum giant as sluggish global growth, strong dollar hurt its outlook

June 22, 2023 by US Top News and Analysis

The firm downgraded shares of the aluminum producer to underweight from equal weight Wednesday.

Filed Under: Uncategorized

Overstock.com wins auction for Bed Bath & Beyond’s intellectual property, digital assets

June 22, 2023 by US Top News and Analysis

E-commerce discounter Overstock.com will buy Bed Bath & Beyond’s intellectual property and digital assets for $21.5 million.

Filed Under: Uncategorized

Swiss National Bank opts for smaller rate hike, but says more are likely

June 22, 2023 by US Top News and Analysis

The 25-basis-point rate hike by the SNB is the fifth rise since it began moving rates out of negative territory, though it had opted for 50-basis-point rises.

Filed Under: Uncategorized

Deutsche Bank upgrades Anheuser-Busch InBev, sees Bud Light headwinds fading

June 22, 2023 by US Top News and Analysis

Anheuser-Busch’s U.S.-listed shares are down nearly 15% in the second quarter, driven largely by consumers fleeing the Bud Light brand.

Filed Under: Uncategorized

George Santos says he’s ‘concerned’ after court reveals his bail backers are his father and aunt

June 22, 2023 by US Top News and Analysis

Santos, the scandal-plagued freshman Republican congressman from New York, was indicted on 13 counts including money laundering and wire fraud.

Filed Under: Uncategorized

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