Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…
World Shares Advance After Fed Steps Up Stimulus Pullback
December 16, 2021
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BBC’s Younger Journalists ‘Do Not Understand’ Impartiality, Say Former Editors
Some of the BBC’s younger journalists “do not understand” impartiality, former editors of the British public broadcaster have warned. Giving evidence to the Communications and Digital Committee of the House of Lords on Tuesday, the BBC’s former head of TV news Roger Mosey said, “Some younger journalists don’t understand it in the way it was…
World Shares Mixed Ahead of Fed Policy Statement
December 15, 2021
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BANGKOK—World shares were mixed Wednesday as traders awaited the outcome of the last Federal Reserve meeting of this year. Benchmarks rose in Paris, Tokyo, and Frankfurt but fell in Hong Kong and Shanghai after the U.S. Labor Department reported wholesale prices jumped a record 9.6 percent in November from a year earlier. Fed policymakers end…
Asian Shares Shed Gains Ahead of Fed Policy Statement
December 15, 2021
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BANGKOK—Stocks were mostly lower in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. Tokyo’s Nikkei 225 index edged 0.1 percent higher to 28,459.72 and the Kospi in Seoul was nearly…
CNN Fires Senior Producer Charged With Luring Minors for Sex
CNN confirmed it has fired John Griffin, a long-time staffer producer who was indicted last week under the charges he tried to lure minors for sex. “The charges against Mr. Griffin are deeply disturbing. We learned of his arrest Friday afternoon and terminated his employment today,” a CNN spokesperson told Fox News and the Hearst Connecticut Media…
S&P 500, Nasdaq Slide on Hot Producer Prices Data as Fed Meet Looms
December 14, 2021
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The S&P 500 and the Nasdaq fell on Tuesday after data showed producer prices increased more than expected in November and ahead of a potential decision on faster tapering from the U.S. Federal Reserve this week. The fast-spreading Omicron coronavirus variant also tamped down the mood after the S&P 500 index hit an all-time closing…
Investors Raise Cash on Hawkish Central Banks Worries
December 14, 2021
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Investors raised cash allocations to 5.1 percent on growing concerns over central bank hawkishness, BofA Securities’ monthly fund manager survey showed before key policy decisions this week by the U.S. Federal Reserve and other big central banks. The U.S. investment bank said “hawkish central banks” was the biggest tail risk and that has sparked a…
World Shares Mixed as Markets Await Word From Fed Meeting
December 14, 2021
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BANGKOK—Shares opened higher in Europe on Tuesday after Asian shares followed Wall Street lower as investors awaited fresh U.S. inflation data and the outcome of a meeting of the Federal Reserve. Benchmarks advanced in Paris, London, and Frankfurt, but fell in Hong Kong, Shanghai, and Tokyo. The Labor Department’s Producer Price Index for November is…
Vox Media to Acquire Group Nine Media, Creating One of the Biggest Media Companies in US
Mass media company Vox Media is acquiring Group Nine Media in a move that will create one of the biggest media companies in the United States, the company announced on Monday. Vox Media, which owns Vox, The Verge, New York magazine, SB Nation, and other digital media sites, said in a statement that the acquisition is the largest of…
Will Apple Hit $3 Trillion Market Cap This Week?
After a not-so-enterprising first-half of the year, Apple Inc. shares began picking up steam in the second-half. An analyst at Wedbush said Sunday, Cupertino is inching closer to a milestone. Apple on Doorstep of $3 Trillion Market-Cap Apple is on pace to become the first $3 trillion market-cap company this week, as investors begin to…
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