Author: super@dmin
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The Fed: The Fed missed the 7% surge in U.S. inflation, but Powell vows to get it back to 2%
The Federal Reserve never expected inflation to soar to 7% and hit a 40-year high. Now scrambling central bank leaders insist they’ll do what it takes to snuff out price pressures.
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Cannabis Watch: Canadian pot company BC Craft files for bankruptcy protection as market shrinks
BC Craft Supply shares fall sharply as the company filed for protection from its creditors as it pursues restructuring, as overall pot sales decline in Canada
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The Fed: Powell says Fed ‘of a mind’ to raise interest rates in March to fight high inflation
The Federal Reserve on Wednesday said it expects it will soon be appropriate to raise its policy interest-rate.
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Crypto: Bitcoin trades up briefly near $39,000 after Federal Reserve keeps interest rates near zero, expects hikes soon
Bitcoin trades up about $1,000 near $39,000, before if falling back to around $37,941, after the Federal Reserve officials said Wednesday they expect to raise interest rates soon, while there is no commitment before its March meeting.
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Market Pulse: Dow trades around 200 points higher as Fed says it ‘will soon be appropriate’ to lift interest rates
U.S. stocks benchmarks add to gains, as Federal Reserve, as expected didn’t take any action for this meeting, keeping benchmark rates at a range between 0% and 0.25%, but laid the groundwork for a rate increase as early as March.
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Financial Crime: CEO of Miami armored-car company pleads guilty in $140 million ‘dirty gold’ smuggling scheme
Prosecutors say Jesus Gabriel Rodriguez obscured the origin of gold that was illegally mined in South America and used, in part, to launder drug money.
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The Wall Street Journal: U.S. has delivered its written responses to the Kremlin with Ukraine crisis unabated
U.S. officials have said in earlier negotiations that Washington and its allies are prepared to scale back military exercises on a reciprocal basis and to explore ideas on ways to limit intermediate-range missiles in Europe.
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IPO Report: At least 3 SPACs pull IPOs in latest sign popular pandemic route to public markets is losing ground
At least three special-purpose acquisition corporations, or SPACs, have pulled their initial public offering plans in the past 24 hours, amid rocky equity markets in the latest signs the pandemic vehicle is losing ground.
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Project Syndicate: How the Fed can garble its message and talk us into higher inflation
If workers and businesses think the Fed has lost control of inflation, then they’ll start acting as if higher prices are set in stone.
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Futures Movers: Oil prices climb back to their highest levels in over 7 years as Russia-Ukraine tensions continue
Oil futures are climbing back to their highest prices in more than seven years on Wednesday as worries over a potential Russian invasion of Ukraine show no sign of letting up.