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Stock Markets Turn Lower on Concerns Over Economic Outlook

Equity rally reverses and pound weakens after UK inflation hits 9.1%.

Small Businesses in the U.S. Facing Summer of Uncertainty

Small businesses that depend on outdoor crowds and free-spending tourists aren’t sure what to expect this summer. Consumers likely have a lot of pent-up demand after more than two years of the pandemic. But they’re also facing some significant financial headwinds because of the highest inflation in decades. And COVID-19 remains a looming presence. The […]

Asian Shares Sink After US Inflation-Driven Retreat on Wall Street

Shares sank in Asia on Monday after a report that US inflation worsened last month sent stocks reeling on Wall Street. Major regional markets dropped more than 2 percent in early trading Monday, while US futures slipped more than 1 percent. On Friday, the S&P 500 sank 2.9 percent, locking in its ninth losing week […]

Sensex Bleeds Over 1,400 Points: Top 5 Reasons Behind Monday’s Crash

Bears tightened their grip on the Indian equity markets on Monday as fears of aggressive interest rate hikes spooked investors. May consumer inflation hit a fresh 40-year high of 8.6 percent in the US, while India’s CPI inflation in May is expected to stay above 7 percent. Given this, the BSE S&P Sensex tumbled over […]

US Stocks Tumble on Decades-High Inflation Data

The US stock market finished the session significantly lower on Friday, 10 June 2022, after much hotter than expected inflation data for May rekindled worries that the Federal Reserve would hike rates even more aggressively to combat inflation. Investors have worried that rising inflation could have an impact on the outlook for monetary policy ahead […]

Millions Risk Losing US Healthcare When COVID Emergency Declaration Expires

An estimated 5.3 million to 14.2 million could lose Medicaid coverage when the public health emergency ends in July.

Transport Engineering Sector Keeps Manufacturing Growth Outlook at 4%

Transport engineering recorded the highest growth with 17.2% in April 2022 compared to a year ago.

USAA Loses Round in Mitek Mobile-Banking Patent Fight

USAA previously won over $300 million from Mitek customer Wells Fargo.

Baidu Beats Revenue Estimates Helped by AI, Cloud Services

A year earlier it had posted a profit of 25.65 billion yuan, or 73.76 yuan per ADS.

Canada’s Telecom Oligopoly Is a Hungry Beast That Will Never Be Sated

Two of Canada’s behemoth telecoms are planning a merger.

SiriusXM Buys Conan O’Brien’s Podcast and Media Company

SiriusXM has been trying to become a bigger player in podcasting amid stiff competition from the likes of Spotify.

Over $3B Auto Insurance Refunds Issued

According to data collected by DIFS, more than $3,041,000,000 has been issued by auto insurers.