Bank of America Securities Head of Global Economics Ethan Harris says the half-point hikes supported in the minutes of the Federal Reserve’s May 3-4 meeting are the “bare minimum” required to reach the central bank’s inflation target. “That gets them at least within the neighborhood of neutral,” Harris says on “Bloomberg Markets: The Close.”
The gunman who massacred 19 children and two teachers at an elementary school in Texas had posted a warning on Facebook of what he was about to do, according to Texas Governor Gregg Abbott. He said Salvador Ramos said on Facebook that he shot his grandmother and then was going to shoot up a school. […]
Billionaire philanthropist George Soros spoke to reporters at a dinner on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, on May 24, 2022. ——– Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: https://www.bloomberg.com Connect with us on… Twitter: https://twitter.com/business Facebook: https://www.facebook.com/bloombergbusiness Instagram: https://www.instagram.com/bloombergbusiness/
Billionaire philanthropist George Soros warned that Russia’s invasion of Ukraine has rattled Europe and could be the start of another world war. He spoke at a dinner which took place on the sidelines of the World Economic Forum (WEF) in Davos, Switzerland, on May 24, 2022. ——– Follow Bloomberg for business news & analysis, up-to-the-minute […]
Beto O’Rourke, Democratic candidate for governor of Texas, interrupted a press conference held by Republican incumbent Greg Abbott a day after 21 people were killed in a mass shooting at an elementary school. As Abbott turned the microphone over to his lieutenant governor, O’Rourke approached the school stage. A back-and-forth ensued, with Senator Ted Cruz telling O’Rourke several […]
Investors were asked to vote today at Amazon’s AGM on whether the company should conduct an independent audit of warehouse workers wages and working conditions. Activist investor Tulipshare put forward the proposal following reports of high injury and employee turnover rates, serious injuries rates were reported about 80% more often amongst Amazon workers than other […]
The UK’s leading health and dental plan provider Simplyhealth, has announced it has invested in Ampersand, provider of digital therapies for inflammatory conditions. This collaboration will help accelerate the adoption of digital therapeutics in the UK, reducing outpatient appointments, improving health outcomes and cutting unplanned hospital visits for patients suffering with a broad range of […]
Rishi Sunak is scrambling to finalise a package of measures that could be announced as soon as Thursday aimed at alleviating the cost of living crisis, after the energy regulator said annual bills were likely to shoot up by more than 40% in October. Ministers are under intense pressure to act after the Ofgem chief […]
The £4.25bn takeover of Chelsea football club has been completed after Roman Abramovich agreed to the UK government’s terms for the sale, ending a tumultuous period that raised fears over the club’s existence. Nadine Dorries, the culture secretary, said the UK government issued a licence on Tuesday night that permits the sale of Chelsea. A […]
Marks & Spencer is to shut 32 more stores as it shifts away from town centres, saying many have “lost impetus” as a result of failed local authority or government policy. The high street bellwether said profits will flatline in the year ahead amid “increasing cost pressures and consumer uncertainty”. A decision to fully exit […]