A Bloomberg report indicates that the White House is likely to announce its decision regarding student debt relief today. Sources privy to the matter told reporters that President Joe Biden is expected to forgive student loan debt up to $10,000. He is also likely to extend the pause on student […]

Roman Abramovich’s cream-coloured Kensington mansion has more than a dozen bedrooms and police vans posted at each end of its tree-lined street. Nearby neighbours include British royals, steel magnate Lakshmi Mittal and Warner Music Group owner Len Blavatnik. It’s one of several London assets the Russian billionaire acquired in recent […]

Shares of ZipRecruiter, Inc. (ZIP) are slipping over 5% in extended session on Monday after the online employment marketplace lowered its full year outlook. For the second quarter, the company reported net income of $13.1million or $0.11 per share, compared to net loss of $52.8 million or $0.55 per share […]

No matter what indicator you use, Russian President Vladimir Putin is winning in the energy markets. Moscow is milking its oil cash cow, earning hundreds of millions of dollars every day to bankroll the invasion of Ukraine and buy domestic support for the war. Once European sanctions against Russian crude […]

The Bank of Thailand raised its key interest rate for the first time in over three-and-a-half years as inflation is expected to remain above the target throughout this year. The Monetary Policy Committee voted 6 to 1 to raise the policy rate by a quarter-point to 0.75 percent, the central […]

The UK manufacturing sector growth moderated to a 25-month low in July as the downturn in production and new work continued amid heightened uncertainty, the cost of living crisis and supply chain issues. The Chartered Institute of Procurement & Supply final manufacturing Purchasing Managers’ Index declined to a 25-month low […]

While reporting financial results for the second quarter on Tuesday, Zebra Technologies Corp. (ZBRA) provided its adjusted earnings and adjusted net sales growth guidance for the third quarter as well as raised its adjusted net sales growth outlook for the full year 2022. For the third quarter, the company expects […]

While there is a lot of focus on what the Reserve Bank, the US Federal Reserve and other central banks are doing with interest rates, in the background is another process that will also tighten financial conditions and help push rates even higher. How much it will withdraw liquidity from […]

The U.S., plagued by the COVID-19 Omicron BA.5, may face another hurdle in the way of cutting the spread of the disease. It is known as the BA.2.75 subvariant. Its presence and growth has been most pronounced in India. However, variants and subvarieties often spread from nation to nation quickly […]

The French economy rebounded more than expected in the second quarter driven by foreign demand and investment, the first estimate published by the statistical office Insee showed on Friday. Gross domestic product grew 0.5 percent in the second quarter from the preceding quarter, when the economy shrank 0.2 percent. GDP […]