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The Federal Reserve on Wednesday approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end. In a unanimous decision widely expected by markets, the central bank’s Federal Open Market Committee raised its benchmark …
Daily Archives: May 3, 2023
May, 2023
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3 May
Are vegetarians missing out on essential nutrients?
Iron from food comes in two forms – heme and non-heme. Heme iron is found mainly in meat, poultry, and seafood, while non-heme iron is found in plant foods like whole grains, nuts, seeds, legumes, and leafy greens. Heme iron is better absorbed than non-heme iron. Further, non-heme iron is …
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3 May
CVS, LLY, CLX, YUM and more
Check out the companies making the biggest moves midday: CVS Health — Shares fell about 3% after the company cut its 2023 forecast due to costs related to recent acquisitions of Signify Health and Oak Street Health. CVS cut its 2023 adjusted earnings guidance to a range of $8.50 to …
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3 May
Market looking for next domino to fall
Traders work on the floor of the New York Stock Exchange. Brendan McDermid | Reuters After an intense few days in which the fate of ailing lender First Republic was finally determined, veteran banking analyst Christopher McGratty was looking forward to some calm. So early Tuesday, more than 24 hours …
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3 May
Pakistan government, Opposition agree to hold same-day elections across country, date yet to be decided
ISLAMABAD Pakistan’s coalition government and former prime minister Imran Khan’s party have made “big progress” after they agreed to hold simultaneous elections under caretaker governments across the country but failed to reach a consensus on the date of the polls.The decision was announced by a senior minister after overnight parleys …
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3 May
Starbucks, AMD, Pearson, PacWest & more
general view of a Starbucks store on September 15, 2022 in Plainview, New York Bruce Bennett | Getty Images News | Getty Images Check out the companies making headlines in premarket trading. Eli Lilly — The pharmaceutical stock rose more than 5% on clinical trial data showing that the company’s …
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3 May
Here’s what to expect from today’s Federal Reserve announcement
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 22, 2023. Olivier Douliery | AFP | Getty Images There won’t be a lot of mystery surrounding what the Federal Reserve is going to do Wednesday with interest rates. Where …
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3 May
‘Zelenskyy was not warned of US secret documents leak’
WASHINGTON: Washington did not warn Kyiv about the top-secret documents leaked to internet chat rooms — containing sensitive information about Ukraine’s war effort — before the news broke in the media last month, President Volodymyr Zelenskyy told the Washington Post.The embarrassing security breach revealed US unease about a coming counteroffensive …
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3 May
After First Republic’s rescue, economists predict further pain
Federal Reserve Board Chair Jerome Powell holds a news conference after the Fed raised interest rates by a quarter of a percentage point following a two-day meeting of the Federal Open Market Committee (FOMC) on interest rate policy in Washington, March 22, 2023. Leah Millis | Reuters After the rescue …
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3 May
Sudan military faction chiefs agree May 4-11 truce in principle
Khartoum : Sudan’s warring military factions agreed on Tuesday in principle to a sevenday ceasefire from Thursday, South Sudan announced, as more air strikes and shooting in the Khartoum region disrupted the latest short-term truce.Astatement released by the foreign ministry of South Sudan, which had offered to mediate in the …
