Three Federal Reserve officials dissented against the recent policy statement that kept interest rates steady, arguing the Fed should drop its 'easing bias' and signal that rates might rise due to inflation risks from the war in Iran. They highlighted concerns that energy shocks and a prolonged conflict near the Strait of Hormuz could sharply increase inflation, potentially requiring rate hikes even if it weakens the labor market. This opposition challenges expectations from President Trump, who favors rate cuts under his nominee to lead the Fed. The dissenters emphasize the risk of inflation expectations becoming unanchored if the Fed does not act cautiously.
Moment Factory and Mitsui Fudosan have formed a long-term strategic partnership to develop large-scale immersive fan experiences, including a new Pokémon attraction set to launch in Europe in spring 2027. This collaboration combines Moment Factory's ...
FCCE, the majority shareholder of Installux, has agreed to acquire 6.38% of Installux shares from Amiral Gestion at €500 per share, totaling €8.93 million. Following this acquisition, FCCE will hold 87.45% of Installux's capital and voting rights. FC...
Toll Brothers announced a new luxury home community called Toll Brothers at West Park in Ashburn, Virginia, located in the Brambleton neighborhood. The community will feature modern single-family homes with 3 to 5 bedrooms, up to 3,300 square feet, a...
The Nasdaq 100 index surpassed 30,000 points during Tuesday's session, led by a strong rally in semiconductor stocks, especially Micron Technology which surged 18%. This rally was fueled by rising expectations for AI-related spending, with UBS raisin...
Hyliion's stock surged to a 52-week high following its partnership with the U.S. Navy to test its KARNO power system on an autonomous naval vessel. The company reported better-than-expected Q1 results, with revenue of $2.83 million and a smaller loss...
