The 10-year Treasury yield fell further on Monday as the last full trading week of 2023 begins. Traders continue to digest the Federal Reserve’s unexpectedly dovish tone last week. The central bank kept its key interest rate stable and said policymakers planned at least three rate cuts next year – a more aggressive series of … [Read more…]
© Portal. FILE PHOTO: The Japanese national flag is raised at the Bank of Japan headquarters in Tokyo, Japan on September 20, 2023. Portal/Issei Kato/File photo By Wayne Cole SYDNEY (Portal) – Asian stocks fell on Monday after a subdued start to a week in which Japan’s central bank may move further away from its … [Read more…]
India’s central bank has taken measures to curb increasing stress in the burgeoning unsecured consumer loan market, hitting fintech lenders like Paytm that have increasingly relied on riskier loans for growth. The Reserve Bank of India said in November that lenders must increase the risk weight, the minimum amount of capital they must hold relative … [Read more…]
Moderna CEO Stephane Bancel told AFP that his company’s experimental vaccine against melanoma could be available in just two years, amounting to a groundbreaking step against the most serious form of skin cancer. Globally, there were an estimated 325,000 new cases of melanoma and 57,000 deaths from the disease in 2020. “We expect that the … [Read more…]
Southwest Airline’s five-gate international terminal at Fort Lauderdale-Hollywood International Airport on Thursday, June 1, 2017. Emily Michot [email protected] Update: The airport will resume normal operations from 8:30 p.m. Portions of Terminal 1 at Fort Lauderdale-Hollywood International Airport were evacuated Sunday evening after a bomb threat, the Broward Sheriff’s Office confirmed. At around 5:30 p.m., officers … [Read more…]
Jeff Greenberg/Universal Images Group Editorial/Getty Images Miami, Florida, Hallandale Beach, Walmart store, Quaker packages granola bars on shelf, March 2023. New York CNN – Quaker Oats recalled more than 40 granola bars and grain products on Friday because they may be contaminated with salmonella. Affected foods include the classic Chewy cereal bar variety pack, chocolate-covered … [Read more…]
Activision Blizzard CEO Bobby Kotick discusses the Federal Trade Commission’s attempt to block his merger agreement with Microsoft on “The Claman Countdown.” Activision Blizzard, the video game company behind Call of Duty and World of Warcraft, among others, has settled an employment discrimination lawsuit with the state of California for $54 million. The settlement resolves … [Read more…]
But they’re missing a crucial element, according to passenger rights firm AirHelp – How airlines deal with customers when problems arise. “We believe that an airline should be judged not only by how it treats its passengers during normal business operations, but also by the consideration it shows its customers when something goes wrong,” the … [Read more…]
Illumina, the leading maker of gene sequencing machines, said Sunday it would sell Grail, a cancer test developer it bought for $7.1 billion in 2021. The move came two days after Illumina lost its case in a federal appeals court that largely upheld a Federal Trade Commission decision that Illumina should terminate its contract with … [Read more…]
This is the conclusion of today’s Morning Brief, which you can read Log in Delivered to your inbox every morning, along with: Morning snapshot A new reading of the Fed’s preferred inflation measure will test the market rally in the coming week. The November Personal Consumption Expenditure (PCE) price index is scheduled to be released … [Read more…]