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Stock Market Coverage – Tuesday September 27 Yahoo Finance – Yahoo Finance

Stock Market Coverage – Tuesday September 27 Yahoo Finance  Yahoo Finance Declining stocks signal corporate earnings are starting ‘to deteriorate’: Strategist  Yahoo Finance Stocks trend lower heading into Monday’s close, consumer discretionary holds onto gains  Yahoo Finance Stocks moving in after hours: AMC, APE shares, Meta, Kimco Realty  Yahoo Finance Stock Market Coverage – Monday September 26 Yahoo Finance  Yahoo … Read more

Bank of England forced to intervene after pound plummets – Sky News

Bank of England forced to intervene after pound plummets  Sky News Bank of England says it won’t hesitate to hike rates after pound falls to historic low  CNBC Pound crashes to all-time low as UK chancellor hints at more tax cuts  Channel 4 News The Bank needs to act fast to regain its credibility  The Telegraph Bank of England … Read more

While DeSantis was flying legal asylum seekers to Martha’s Vineyard, business owners in his state are struggling for workers

CNN Business  —  For the past two years Jan Gautam has been filling in sporadically as a housekeeper at hotels in Orlando, Florida, run by Interessant Hotels & Resort Management, or IHRMC. When he’s not making beds, he’s busy running the company. He’s the President and CEO of IHRMC — which is based in Orlando, … Read more

Tax & Spend: Ottawa’s bargaining with CRA employees could start a wage-spiral spinning

Employers across the country are grappling with their workers’ demands for raises to compensate for the corrosive effects of surging inflation. Those employers include the Government of Canada, and those workers include the 35,000 employees at the Canada Revenue Agency that are members of the Public Service Alliance of Canada (PSAC) – and whose demands … Read more

Central Banks May Stoke Risks by Raising Interest Rates Together

Central banks around the world are raising their key interest rates in the most widespread tightening of monetary policy on record. Some economists fear they may go too far if they don’t take into account their collective impact on global demand. According to the World Bank, the number of rate increases announced by central banks … Read more

Why the Fed is pushing unemployment higher

Federal Reserve Chairman Jerome Powell said Wednesday it will be almost impossible for the central bank to beat inflation without hundreds of thousands of Americans losing their jobs.  Fed officials expect the unemployment rate to rise to 4.4 percent next year, up from 3.7 percent in August, as they jack up borrowing costs and slow … Read more

Southern California gas prices are skyrocketing again

LOS ANGELES (CNS) — The average price of a gallon of self-serve regular gasoline in Los Angeles County rose for the 22nd consecutive day, increasing 7.4 cents Saturday to $5.689. The average price has increased 44.3 cents over the past 22 days, according to figures from the AAA and Oil Price Information Service. It is … Read more

Costco to keep $1.50 hot dog-and-soda combo ‘forever’ despite inflation: exec

A top Costco Wholesale executive confirmed the big-box retailer has no plans to change the price of its $1.50 hot dog-and-soda combo at its stores despite months of decades-high inflation. Costco CFO Richard Galanti reiterated the cheap price point on the fan-favorite deal would stay in place during the company’s fourth-quarter earnings call on Thursday. … Read more

Mini-budget latest LIVE: Kwasi Kwarteng set to announce tax cuts for millions

K wasi Kwarteng has unveiled a mini-budget that delivers billions of pound worth of tax cuts – including a surprise move to scrap the 45% top rate of income tax paid by the UK’s wealthiest. The Chancellor announced sweeping moves intended to rev up the economy in the eagerly-awaited “fiscal event” on Friday morning. The … Read more

10-year Treasury yield falls as markets digest Fed rate hike

The yield on the benchmark 10-year Treasury fell on Friday as markets adjusted to the Federal Reserve’s interest rate hike and attention turned toward flash PMI (Purchasing Managers’ Index) data for September that is due to be released later in the day. The 10-year Treasury note last traded at 3.6946%, down 1 basis point as … Read more