Business

How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates

How the Fed managed to spark a stock market rally while sticking to tough talk on interest rates

Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market sharply higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its …

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Woman’s Kia stolen in Kentwood twice, losing insurance

Woman’s Kia stolen in Kentwood twice, losing insurance

KENTWOOD, Mich. (WOOD) — Two of the nation’s top insurance agencies are reportedly dropping coverage of some Kias and Hyundais as vehicle thefts remain rampant across the country. Kent County is no exception in the new year. When Cyndi Christian bought her brand-new Kia in 2020, she didn’t think she’d have to buy another car …

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Stock futures rise slightly as investors evaluate earnings, get ready for Fed decision

Stock futures rise slightly as investors evaluate earnings, get ready for Fed decision

Contrarian indicators in the futures market have Wolfe Research getting bullish There are contrarian indicators coming from the futures market that have Wolfe Research turning more positive on stocks. Nasdaq 100 futures are down 29% from the peak and now large speculators have flipped to their most aggressive short position in over two years, analyst …

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Adani hits back at Hindenburg, says it made all disclosures

Adani hits back at Hindenburg, says it made all disclosures

Adani issues 413-page rebuttal to Hindenburg report U.S. short-seller’s report sparked falls in Adani shares Adani says complies with laws, necessary disclosures Adani CFO confident $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued a detailed riposte on Sunday to a Hindenburg Research report that sparked a $48 …

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The shock of mass lay-offs is only the beginning for companies

The shock of mass lay-offs is only the beginning for companies

“After almost 8.5 years working at Google, I received notice this morning that I was impacted by the workforce reduction and no longer have a role at the company . . . I envisioned spending my entire working career at Google, so this news has been particularly hard to absorb.” LinkedIn is awash in posts like this from Google …

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Some auto insurers are refusing to cover certain Hyundai and Kia models | CNN Business

Some auto insurers are refusing to cover certain Hyundai and Kia models | CNN Business

CNN  —  Progressive and State Farm, two of America’s largest auto insurers, are refusing to write policies in certain cities for some older Hyundai and Kia models that have been deemed too easy to steal, according to the companies. Several reports say the companies have stopped offering insurance on these vehicles in cities that include …

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Annual? Bivalent? For all? Future of COVID shots murky after FDA deliberations

Annual? Bivalent? For all? Future of COVID shots murky after FDA deliberations

Enlarge / Dr. Peter Marks, director of the Center for Biologics Evaluation and Research within the Food and Drug Administration, testifies during a Senate Health, Education, Labor, and Pensions Committee hearing on the federal coronavirus response on Capitol Hill in March 2021, in Washington, DC. The US Food and Drug Administration’s committee of independent vaccine …

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Asia-Pacific stocks rise as Tokyo’s inflation nears 42-year high

Asia-Pacific stocks rise as Tokyo’s inflation nears 42-year high

Adani shares plunge further for second straight day of losses Shares of Adani Group companies continued to see sharp losses for a second consecutive trading session in India after short seller firm Hindenburg announced its short position in the conglomerate’s firms earlier this week. Adani refuted the claims in two separate statements, adding that the …

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Mung bean omelet, anyone? Sky high egg prices crack open market for alternatives

Mung bean omelet, anyone? Sky high egg prices crack open market for alternatives

A rooster crows in a new day at Back Forty Farms in Nampa, Idaho. The rising price of eggs as well as shortages in some areas have created enormous demand for Back Forty’s freeze dried eggs. Back Forty Farms hide caption toggle caption Back Forty Farms A rooster crows in a new day at Back …

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