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FTSE 100 Ends Thursday Down After BOE Keeps Interest Rate Steady

The FTSE 100 closed Thursday down 0.11%, after the Bank of England left the interest rate unchanged at 5.25%. The meeting did highlight an important but subtle change to the central bank s.

FCC Hammered for Scuttling Standard General-TEGNA Deal

By Barrington M. Salmon NNPA Newswire In February last year, TEGNA – which owns 64 television stations in 51 US markets –agreed to be acquired by Standard General for $8.6 billion, including debt. The deal was expected to close in late 2022. But an unanticipated hurdle came in the form of Federal Communications Commission Chair

The AI Rally has Lost Steam Will Markets Start Trading Based on Fundamentals?

Jerome Powell: US Fed prepared to raise interest rates higher to bring down inflation: Jerome Powell

The US Federal Reserve chairman Jerome Powell on Friday said that the central bank is prepared to raise interest rates higher and hold them there in order to bring down elevated inflation. "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective," AFP quoted him as saying.

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