Article content (Bloomberg) — Federal Reserve Bank of Kansas City President Jeff Schmid on Wednesday sounded a note of caution about how much more the US central bank will need to lower interest rates. “While now is the time to begin dialing back the restrictiveness of monetary policy, it remains to be seen how much […]
Article content (Bloomberg) — European stocks were little changed by the close, recouping the day’s decline as investors weighed the outlook for inflation and US interest rates. The Stoxx Europe 600 Index was little changed by the close, as data showed US inflation matched estimates last month. Traders increased wagers on a December rate cut […]
Article content ROME (AP) — The city of Florence took new measures Tuesday to crack down on overtourism, just as the Italian government hosts the Group of Seven tourism ministers in the Renaissance city and seeks to significantly boost the country’s place as a top visitor destination. Mayor Sara Funaro’s Cabinet approved a 10-point plan […]
Article content (Bloomberg) — Canadian women’s clothing retailer Groupe Dynamite Inc. launched its initial public offering with a dual-class share structure and a valuation of C$2.3 billion ($1.7 billion), a deal that would cement its top executive as a billionaire. The company behind the Garage and Dynamite chains said in public filings that Andrew Lutfy, […]
Breadcrumb Trail Links PMN Business Oil and gas producers in the US will for the first time be required to pay for some of their methane emissions under a regulation the Biden administration is set to finalize Tuesday, according to people familiar with the matter. Author of the article: Bloomberg News Jennifer A. Dlouhy Published […]
Breadcrumb Trail Links PMN Business DV Trading hired several fuel and natural gas traders in recent months as it expands its proprietary energy-trading business, even as other firms slow hiring in the space amid ebbing volatility. Author of the article: Bloomberg News Devika Krishna Kumar Published Nov 11, 2024 • 2 minute read Article content […]
Breadcrumb Trail Links PMN Business American Electric Power Co. is taking direction from state regulators on their energy and economic development goals under new CEO Bill Fehrman. That may lead to a change in the utility’s 2045 net-zero carbon target, he said. Author of the article: Bloomberg News Josh Saul Published Nov 11, 2024 • […]
Breadcrumb Trail Links PMN Business A sense of déjà vu overwhelmed Wall Street this week, as Donald Trump’s election win gave the stock market a jolt similar to what happened after his victory eight years ago. Small caps soared, banks leaped and the S&P 500 Index had its best Election Day in history and strongest […]
Article content (Bloomberg) — The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing director at J.P. Morgan Private Bank. “One really differentiating thing Trump had in his policy was about crypto, so let’s see how this […]
Breadcrumb Trail Links PMN PMN Business Author of the article: The Associated Press Mae Anderson Published Nov 10, 2024 • 4 minute read Article content NEW YORK (AP) — Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when […]