US Inflation Continues to Rise, Outpacing Forecasts for a Second Month

US Inflation Continues to Rise, Outpacing Forecasts for a Second Month

US inflation tops forecasts for a second month Rising gasoline costs kept inflation elevated in February, underscoring that the road to more modest consumer price increases following a pandemic-induced spike may continue to be bumpy. The Numbers Rising gasoline costs and rent have kept inflation elevated in February, according to the Labor Department’s consumer price … Read more

Resilient Rebounds in Jobs Report for 2023 Amid Inflation Concerns

Resilient Rebounds in Jobs Report for 2023 Amid Inflation Concerns

Resilient Rebounds in Jobs Report for 2023 Introduction As inflation gathered force in 2021 and 2022, the Federal Reserve notoriously waited too long to raise interest rates, allowing consumer prices to continue to climb sharply, Fed officials now acknowledge. Now that inflation is easing, the Fed may be poised to make another blunder by moving … Read more

“Roger Waters Kicks Off Controversial Tour in Germany Despite Anti-Semitism Allegations”

Despite all the criticism of his statements, Roger Waters has started his tour in Germany. That’s how the kick-off went in Hamburg. Despite ongoing allegations of anti-Semitism, viewers cheered for Pink Floyd co-founder Roger Waters at the Germany start of his “This Is Not A Drill” tour in Hamburg. Around 6,500 fans came to the … Read more

The biggest shareholder of Credit Suisse’s leader is departing – E15.cz.

Khudayrí announced that he was leaving for personal reasons. But his resignation comes 12 days after he categorically ruled out in an interview with Bloomberg that the SNB would provide Credit Suisse with another financial injection if the troubled Swiss bank needed it. Chudajrí explained that if the SNB were to buy additional shares of … Read more

Why the Banking Crises Persist: The Consequences of Gambling with Credit

The banking system in free fall Regulators and politicians around the world are trying to allay fears of a new banking crisis. But the bankruptcy of Silicon Valley Bank and the emergency merger of UBS and Credit Suisse were not the end. Even after the experiences of 2008, it was not possible to regulate the … Read more

UK against loosened capital rules for financial institutions

Rishi Sunak The British prime minister is under pressure from Brexit supporters. (Photo: dpa) London Since the UK left the European Union nearly three years ago, Brexit advocates have promised a “big bang” that will free UK financial services firms from the regulatory shackles of EU membership. Andrew Griffith, Secretary of State for the City … Read more

This is why Frankfurt is sliding down the ranking of cities

Frankfurt am Main skyline Frankfurt was particularly affected by the crown pandemic: jobs were cut at both Frankfurt Airport and at the Frankfurt Messe. (Photo: imago images / Jan Eifert) From his workplace at the Old Stock Exchange, Ulrich Caspar looks directly at the forecourt with the bull and bear sculptures. The trade hall of … Read more

Business, Trade & Finance: ROUNDUP/Stocks New York: Barely changed

– The Dow Jones Industrial fell 0.33 percent to 35,111.44 points. The S&P 500 fell 0.09 percent to 4,598.47 points, while the Nasdaq 100 turned positive, gaining 0.04 percent to 15,078.19 points. With the quite moderate losses, the very volatile first quarter should end relatively quietly. After the first three months of the new year, … Read more

The EU and the UK are fighting for bankers and fund managers

Canary Wharf financial district in London Bankers expect a gradual shift of jobs from London to the EU. – (Foto: Bloomberg) – – – – Frankfurt, London London’s bankers are in a festive mood, a lucrative bonus season is ahead. According to the financial service Bloomberg, the bonus pool at the British bank Barclays should be … Read more

Rihanna: Savage X Fenty – with lingerie to the self-made billionaire

New York Singer, actress, entrepreneur – and: self-made billionaire. All of this applies to the 33-year-old artist Rihanna. The artist achieved world hits with “Umbrella”, “Diamonds” and “Stay”, but she became a billionaire mainly thanks to her perfume and fashion brands. And she is still expanding: soon she plans to open physical stores with her … Read more