Opinion: The Fed’s rate hikes could soon be coming to an end

Editor’s Note: Steven Kamin is a senior fellow at the American Enterprise Institute (AEI), where he studies international macroeconomic and financial issues. He served as director of the international finance division of the Federal Reserve from 2011 to 2020. The opinions expressed in this commentary are his own. View more opinion on CNN. CNN — … Read more

Adani market losses snowball to $100 bln on shelved share sale

NEW DELHI, Feb 2 (Reuters) – India’s Adani group shares sank on Thursday after market turmoil forced the conglomerate to ax a crucial $2.5 billion stock offer, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact. The withdrawal of Adani Enterprises’ (ADEL.NS) share sale marked a dramatic … Read more

Home Depot co-founder, 93, slams ‘woke’ business leaders and ‘lazy’ office workers

The 93-year-old co-founder of Home Depot has attacked the current generation of business leaders for prioritizing ‘woke’ issues at the expense of their shareholders and employees. Bernie Marcus, who Bloomberg estimates is worth more than $5billion, said he was dismayed to see the world’s business leaders meeting in Davos this year and advocating investment in … Read more

Hawley wants to shield social security, Medicare from debt ceiling

Sen. Josh Hawley, R-Mo., joined at left by Sen. Tom Cotton, R-Ark. J. Scott Applewhite Associated Press file photo Washington Sen. Josh Hawley introduced a bill Wednesday to prevent Congress from using Social Security and Medicare as a tool in negotiations over the debt ceiling, as some members of his party have talked about making … Read more

Hindenburg bet against India’s Adani puzzles rival US short sellers

Feb 1 (Reuters) – When Hindenburg Research revealed a short position in Adani Group last week, some US investors said they were intrigued about the actual mechanics of its trade, because Indian securities rules make it hard for foreigners to bet against companies there. Hindenburg’s bet has been lucrative so far. Its allegations, which the … Read more

10 European pregnancy startups to watch

Nearly 150m women give birth each year globally, but startup founders say pregnancy-related health issues are still not being taken seriously enough by potential investors. While the wider femtech market has gained attention in recent years, only £133m of venture capital went into pregnancy-related startups in Europe in 2022, down from £210m the previous year, … Read more

Asia-Pacific markets mostly rise as investors digest Fed’s smaller quarter-point hike

Signs of ‘sequential acceleration’ in Hong Kong despite economy contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion,” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there’s been a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s … Read more

Laid-Off Worker Says CEO Asked Her To Do Contract Work

As more and more workers are affected by the layoffs that are occurring across industries, numerous users have used TikTok to share their stories of both being laid off and post-layoff life. Now, another user went viral and sparked discussion after sharing their story. In a video with over 379,000 views, TikTok user Kiki (@kikirough) … Read more

Fed Chief Jerome Powell Triggers ‘Gratifying’ Market Rally; Tech Futures Jump As Meta Spikes

Dow Jones futures fell slightly after hours, while S&P 500 futures and especially Nasdaq futures rose with Facebook parent Meta Platforms (HALF) soaring on its earnings report. That followed a big day for the stock market rally as investors hailed Fed chief Jerome Powell’s comments. X Apple, Amazon and Google parents Alphabet (GOOGLE) are on … Read more