Author: Will Smith

Secretary Of the treasury Janet Yellen stated she anticipates strong price increases over the first half of 2022, but dismissed claims that the US is losing control of inflation. Inflation is likely to drop in the second half as supply constraints, a tight labor market, and other pandemic-related variables improve, according to Yellen on CNN’s…

As concerns about pandemic-related bad loans faded, HSBC Holdings (HSBA.L) announced a surprise 74 percent increase in third-quarter profit, allowing it to launch a $2 billion share repurchase. However, due to inflationary pressures, HSBC boosted their cost predictions for 2022 to $32 billion from $31 billion. Chief Executive Neil Quinn said in a statement released…

Nordea (NDAFI.HE) of Finland and Swedbank (SWEDa.ST) of Sweden both reported increased third-quarter earnings on Thursday, as banks throughout the region recovered quickly from the pandemic’s impact and moved extra capital to shareholders. Nordic banks, like their European counterparts, have profited from increased corporate and consumer activity, as well as a glut of mergers and…

On Thursday, Barclays announced better-than-expected third-quarter profits, following in the footsteps of its Wall Street peers and benefiting significantly from its investment banking sector. The British bank recorded a profit before tax of 2 billion pounds in the July-September period, above analysts’ expectations of 1.6 billion pounds and more than doubling the 1.1 billion pounds…

Today in European markets major stock index moved higher, with gains in mining and technology stocks offsetting losses at Ericsson, which reported a setback from global supply chain issues. Utilities (.SX6P), Miners (.SXPP), and technology stocks (.SX8P) led the morning gains on the pan-European STOXX 600 (.STOXX). The gain in leading Asian indices was also…