IG Group Holdings plc. (IGG.L) reported that its profit attributable to owners of the parent for the financial year ended 31 May 2022 increased to 503.9 million pounds or 117.2 pence per share from 371.9 million pounds or 99.9 pence per share last year. Profit before taxation was up 7% […]
Read moreGoldman Sachs CEO says recession risk high as company plans to slow hiring
video FOX Business Flash top headlines for July 19 Check out what’s clicking on FoxBusiness.com. Goldman Sachs CEO David Solomon said the chance of a recession within the next two years is high amid high inflation and slower hiring. To prepare for a possible economic decline, the company said Monday […]
Read moreScandinavian Airlines, pilots unions reach deal to end 2-week strike
video FOX Business Flash top headlines for July 18 Check out what’s clicking on FoxBusiness.com. Scandinavian Airlines, or SAS, announced Tuesday a deal with four pilots unions that puts an end to a 15-day strike prompted by a new collective bargaining agreement. The new five-and-a-half-year agreement, SAS says, would assist […]
Read moreEx-Obama adviser defends Biden's economic team: 'Excellent' experts in a 'very difficult situation
video Former Obama adviser defends Biden’s economic team: ‘Excellent’ experts in a ‘very difficult situation Former Obama Council of Economic Advisers Chair Jason Furman discusses Biden’s economic team, saying the president has ‘quality advisement’ on ‘Cavuto: Coast to Coast.’ During an interview on "Cavuto: Coast to Coast" Friday, former Obama […]
Read moreSoftware AG Q2 Preliminary Organic EBIT Down
Software AG (STWRY.PK) reported that, on an organic basis, preliminary EBIT for the second quarter declined to 46.8 million euros from 50.1 million euros last year. But on an organic basis, quarterly revenue rose to 219.9 million euros from 218.2 million euros in the prior year. With the contribution of […]
Read moreLarry Summers warns inflation unlikely to fall without 'significant economic downturn'
video Inflation rates to grow ‘higher and for longer’ until supply chain is ‘fixed’: Expert Brigg Macadam founding partner Greg Swenson provides professional opinion on how the U.S. markets may respond to June’s consumer price index report on ‘Mornings with Maria.’ The scorching-hot June inflation report has increased the likelihood […]
Read moreInflation could mean record-high Social Security cost-of-living adjustment next year
video Inflation numbers hotter than expected FOX Business’ Cheryl Casone reports on June’s Consumer Price Index released Wednesday, which revealed inflation now sits at a fresh 40-year high. Social Security recipients are on track to receive the biggest cost-of-living adjustment (COLA) raise in four decades as sizzling inflation rapidly diminishes […]
Read moreInflation surges 9.1% in June, hitting a new 40-year high
video Biden admin ‘not denying’ there’s ‘work to do’ on inflation: Labor Secretary U.S. Labor Secretary Marty Walsh breaks down the June jobs report, which exceed economist expectations by adding 372,000 jobs to the economy. Inflation accelerated to a new four-decade high in June as the price of everyday necessities […]
Read moreUAE sees high fuel prices after becoming accustomed to cheap gas
video FOX Business Flash top headlines for July 11 Check out what’s clicking on FoxBusiness.com. Gas prices have spiked in the United Arab Emirates since the beginning of this year, prompting long lines outside gas stations on the eve of price hikes each month. This comes after people in the […]
Read morePutin’s desperation on show as he slowly loses the financial battle
The simplistic take on events in eastern and southern Ukraine is that Russian troops have finally gained the advantage over their battle-weary, vastly outgunned opposite numbers. The capture of Lysychansk, a key strategic city in the Luhansk region of the breakaway industrial Donbas republic by Russian forces suggests that Moscow […]
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