Recent news

Here's everything the Federal Reserve is expected to do on Wednesday

Here’s everything the Federal Reserve is expected to do on Wednesday

U.S. Federal Reserve Board Chairman Jerome Powell holds a news conference after the Federal Reserve raised its target interest rate by three-quarters of a percentage point in Washington, September 21, 2022. Kevin Lamarque | Reuters Call it a sign of the times when a half percentage point hike in Federal Reserve interest rates is seen …

Here’s everything the Federal Reserve is expected to do on Wednesday Read More »

Hong Kong stocks briefly climb 2%;  China releases inflation data in line with expectations

Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations

Hong Kong movers: Real estate and tech stocks rise as optimism reopens CNBC Pro: Wall Street says a recession is coming. An investment pro names her favorite stocks to resist Wall Street pros are increasingly sounding the alarm about an impending recession. As economic growth slows and inflation stays high for longer, how should investors …

Hong Kong stocks briefly climb 2%; China releases inflation data in line with expectations Read More »

Master Sgt. Kyle Pearson and Tech. Sgt. Kevin Koenig are pictured at a simulated austere base during an Advanced Battle Management System exercise on Nellis Air Force Base, Nevada, in September 2020.

US Army Wins Biggest Helicopter Prize in 40 Years

WASHINGTON — Textron’s Bell has won the U.S. Army’s competition to build the future long-range assault aircraft, the service’s biggest helicopter purchasing decision in 40 years. The deal for the next-generation helicopter is worth up to $1.3 billion and is expected to replace about 2,000 Black Hawk utility helicopters and about 1,200 Apache attack helicopters …

US Army Wins Biggest Helicopter Prize in 40 Years Read More »

The Chinese Grand Prix has been removed from the Formula 1 calendar for the 2023 season

F1 AXES 2023 Chinese Grand Prix as country plagued by draconian Covid lockdowns

Formula 1 has removed the Chinese Grand Prix from its racing calendar for a fourth consecutive year as the country faces unprecedented civil protests over its draconian Covid laws. In a brief statement, F1 said: “Formula 1 can confirm, after dialogue with the promoter and the relevant authorities, that the 2023 Chinese Grand Prix will …

F1 AXES 2023 Chinese Grand Prix as country plagued by draconian Covid lockdowns Read More »

New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Inflation in Singapore fell in October

UBS expects full reopening of China by Q3 2023 UBS Wealth Management expects a full reopening for China by the third quarter of next year due to a number of factors. “We think it takes time for the government to want to review public messaging because [some] the concerns of the Chinese public are very …

New Zealand Achieves Biggest Rate Hike Ever; Inflation in Singapore fell in October Read More »

New Zealand Achieves Biggest Rate Hike Ever;  Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes

New Zealand dollar strengthens after biggest rate hike The New Zealand dollar strengthened to 0.6192 against the dollar after the central bank raised rates by 75 basis points, its biggest rise on record. The NZD last traded at 0.6170 against the dollar and the NZX 50 index in New Zealand fell 0.8%. The New Zealand …

New Zealand Achieves Biggest Rate Hike Ever; Asia-Pacific stocks mixed ahead of Fed minutes Read More »

Amazon lays off some device workers: Read the memo from chief hardware officer Dave Limp

Amazon lays off some device workers: Read the memo from chief hardware officer Dave Limp

David Limp, senior vice president of devices and services at Amazon.com Inc., introduces the Amazon Echo Dot smart speaker during an unveiling event at Spheres headquarters in Seattle, Washington, U.S., on Thursday September 20, 2018. Andrew Burton | Bloomberg | Getty Images Amazon is laying off some employees in its appliances and services unit, material …

Amazon lays off some device workers: Read the memo from chief hardware officer Dave Limp Read More »

Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division

Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division

Andy Jassy, ​​CEO of Amazon.Com Inc., speaks at the GeekWire Summit in Seattle, Washington, U.S. on Tuesday, October 5, 2021. david ryder | Bloomberg | Getty Images Amazon began laying off employees from its corporate and technology staff on Tuesday as CEO Andy Jassy steps up efforts to control costs. The company notified workers in …

Amazon begins to cut jobs, with layoffs hitting Alexa unit and cloud gaming division Read More »

A Russian court will hear Brittney Griner's appeal on Tuesday as the WNBA star tries to reduce her 9-year sentence

A Russian court will hear Brittney Griner’s appeal on Tuesday as the WNBA star tries to reduce her 9-year sentence

USA Women’s National Basketball Association (NBA) basketball player Brittney Griner, who was detained at Moscow’s Sheremetyevo airport and later charged with illegal possession of cannabis, stands inside a a cage of the defendants before a hearing in Khimki, near Moscow, on August 4, 2022. Evgenia Novozhenina | AFP | Getty Images WASHINGTON — A Russian …

A Russian court will hear Brittney Griner’s appeal on Tuesday as the WNBA star tries to reduce her 9-year sentence Read More »