The Swedish central bank raised its key policy rate by a quarter point and hinted at further tightening as inflationary pressures remain too high amid unjustifiably weaker currency. The Executive Board of Riksbank, led by Governor Erik Thedeen, decided to raise the policy rate by 0.25 percentage points to 4.00 […]

Media entrepreneur Byron Allen, one of many parties interested in acquiring ABC and other linear TV assets from Disney, said he has “access to plenty of capital,” and Disney’s internal deliberations are the next hurdle to be cleared. “Capital’s not an issue,” he said of securing financial backing for his […]

Aerospace major Boeing projects that China will need 8,560 new commercial airplanes through 2042, and that the country will also account for 20 percent of the world’s airplane deliveries in the next two decades. The forecast is based on China’s significant economic growth well above the global average and fast […]

FCC Chairman Jessica Rosenworcel will unveil plans later on Tuesday to reinstate net neutrality rules, the set of regulations that require broadband provides treat internet traffic equally. The rules would prohibit internet providers like Comcast and AT&T from blocking and throttling traffic, or from offering internet sites speedier access to […]

The labor fight that has been pitting writers and actors against film and television producers has halted U.S. movie and TV production. The bitter disputes include issues regarding pay, working conditions, the use of artificial intelligence to supplant actors and writers, and shrinking residual payments that help actors earn income […]

While the Commerce Department released a report on Tuesday showing a much sharper than expected pullback in U.S. housing starts in the month of August, the report also showed a much bigger than expected surge in U.S. building permits. The report said housing starts plunged by 11.3 percent to an […]

President Joe Biden will join the picket line in Wayne County, Michigan, where members of the United Auto Workers union are on strike against three auto giants for a second week. The President is set to visit the striking workers at Ford’s Michigan Assembly Plant in Wayne at 12 PM […]

President Joe Biden will address the United Nations General Assembly Tuesday. Biden has a busy schedule throughout the day at the UN Headquarters in New York, according to the White House. At 10 AM ET, he is scheduled to speak at General Debate of the 78th Session, which will run […]

The number of mergers and acquisitions (M&As) in August that involved private equity (PE) funds was the lowest in nearly three years. There were 26 such deals last month, according to data from tracker Refinitiv (part of London Stock Exchange Group). The last time monthly deal numbers were so low […]

After showing a lack of direction early in the session, stocks have moved modestly higher over the course of the trading day on Monday. The major averages have all moved to the upside, although buying interest has remained relatively subdued. Currently, the major averages are hovering above the unchanged line. […]