Author: Will Smith

Expectations For Fed Rate Hikes in March Following hotter-than-expected inflation data increased pressure on the Federal Reserve to adopt a harder stance against soaring prices, major investment banks have drawn in a robust run of interest rate hikes for 2022. Consumer prices in the United States rose at their quickest rate since the early 1980s,…

Analysts at Goldman Sachs Group Inc. reportedly anticipate the Federal Reserve to lift interest levels seven times this year to combat rising U.S. inflation, up from five hikes previously expected. The shift in opinion follows the release of the January consumer price index report, which showed a 7.5 percent annual increase, the most since 1982.…

A representative for SoftBank Group Corp said on Wednesday that Alibaba’s recent registration of new American Depository Shares is unrelated to any specific potential deal. SoftBank said that the registration of the ADR conversion mechanism (F6 filing, which was filed by Alibaba) is not related to any specific future transaction by SBG. Alibaba, the e-commerce…

Oil prices dipped on Tuesday as informal talks between the United States and Iran restarted, possibly restarting a nuclear deal that would see restrictions on Iranian oil shipments lifted, bolstering global supplies. Brent crude was trading at $92.55 a barrel at 03:47 GMT, down 40 cents, or 0.15 percent, after touching a seven-year high of…

Ford Motor Company’s stock dropped after the company published fourth-quarter earnings on Thursday that fell short of Wall Street projections on both earnings and revenue. In after-hours trading, the company’s stock dropped by more than 6%. The stock fell 3.6 percent to $19.79 per share on Thursday. Ford’s annual profitability projection for 2021 was met,…