In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by 75 basis points. The Fed said it decided to raise the target range for the federal funds rate to 2.25 to 2.50 percent in an effort to achieve its dual goals of […]

Are central banks fighting the last war and could and would they do anything different even if they are? The US Federal Reserve Board raised US interest rates by 75 basis points on Wednesday, its fourth rate rise this year in the most aggressive cycle of a tightening of US […]

After reporting an unexpected rebound in U.S. new home sales in the previous month, the Commerce Department released a report on Tuesday showing new home sales pullback by more than expected in the month of June. The report said new home sales plunged by 8.1 percent to an annual rate […]

Consumer goods major Unilever PLC (UN,ULVR.L,UL) reported Tuesday that its first-half profit before taxation edged down 0.2 percent to 4.359 billion euros from last year’s 4.369 billion euros. Net profit attributable to shareholders’ equity fell 7 percent to 2.91 billion euros from 3.12 billion euros a year ago. Earnings per […]

Shares of Philips Electronics NV were losing more than 10 percent in the morning trading in Amsterdam as well as in pre-market activity on NYSE after the Dutch consumer electronics giant reported Monday a loss in its second quarter, compared to a profit last year, hurt by weak sales. Looking […]

Social media giant Twitter, Inc. (TWTR) reported Friday a net loss for the second quarter compared to a profit last year, hurt by a decline in revenues and a surge in costs and expenses. The results also missed analysts’ expectations. For the second quarter, San Francisco, California-based Twitter reported a […]

The Labor Department released a highly anticipated report on Wednesday showing U.S. consumer prices surged by more than expected in the month of June. The report showed the consumer price index shot up by 1.3 percent in June after jumping by 1.0 percent in May. Economists had expected consumer prices […]

A new study from Lending Tree’s personal finance site MagnifyMonkey shows that about 70% of Americans believe a recession is coming. Additionally, over half of those surveyed believe the recession will happen by the end of this year. The research included responses from 2,000 people. What is not clear is […]

The corporate regulator is keeping a close eye on attempts at greenwashing by investment firms amid warnings from fund managers of a looming, lesser-known issue of “greenwishing”. Greenwashing – where companies and fund managers misrepresent how ethical or sustainable their operations or investment products are – has been a rising […]

The simplistic take on events in eastern and southern Ukraine is that Russian troops have finally gained the advantage over their battle-weary, vastly outgunned opposite numbers. The capture of Lysychansk, a key strategic city in the Luhansk region of the breakaway industrial Donbas republic by Russian forces suggests that Moscow […]