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Hot Inflation Dims Prospects for Summer Rate Cuts

A leading measure of inflation was higher than expected in March, as the consumer price index rose by 3.5% on a year-over-year basis. The March report from the Labor Department, released Wednesday, marked the third month in a row that inflation topped exceeded expectations, fueling concerns that pricing pressure in the U.S. economy is getting sticky and could remain a problem longer than analysts had hoped. On a monthly basis, prices rose 0.4% in March, higher than expectations of a 0.3% increas

Loan fee scandal rocks Stanbic bank

Stanbic Bank Uganda has intensified crackdown against unethical staff. And as we report this, over 100 staff are under investigation for alleged mismanagement of Credit Reference Bureau (CRB) fees. These include business bankers, personal bankers, affluent bankers, affluent managers and direct sales agents (DSA's) Credit Reference Bureau fee is money paid by loan applicants in

Emerson Electric Co (NYSE:EMR) Q1 2024 Earnings Call Transcript

Emerson Electric Co. (NYSE:EMR) Q1 2024 Earnings Call Transcript February 7, 2024 Emerson Electric Co. misses on earnings expectations. Reported EPS is $0.2302 EPS, expectations were $1.04. EMR isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good morning and welcome […]

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