All the data so far is showing inflation isn’t going away, and is making things tough on the Fed
The last batch of inflation news that Federal Reserve officials will see before their meeting next week is in, and none of it is very good.
Financial News
UK tech darling Darktrace rallies 17% after agreeing $5.32 billion private equity sale to Thoma Bravo
The move will be seen as a major blow to the London Stock Exchange.
BHP makes $39 billion bid for Anglo American in mining mega play
Mining giant BHP Group on Thursday said it had made an all-share takeover offer for rival Anglo American, valuing the company at £31.1 billion ($38.9 billion).
UBS chair says Swiss banking giant is not ‘too big to fail’
Colm Kelleher also said UBS was one of the best-capitalized banks in Europe at the UBS Annual General Meeting.
World’s largest wealth fund says there’s ‘clearly a lot of froth’ in the tech sector right now
The chief executive of Norway’s gigantic sovereign wealth fund on Tuesday said there is “clearly a lot of froth” in the tech sector.
Emirates CEO issues apology after Dubai flood chaos; says airline has 30,000 suitcases to return
“We know our response has been far from perfect. We acknowledge and understand the frustration of our customers,” Emirates Airline CEO Tim Clark wrote.
House passes Ukraine, Israel, Taiwan aid, potential TikTok ban
President Biden first proposed a funding package for Ukraine, Israel, Taiwan and the U.S. border in October.
Here’s what 12 European Central Bank members said about interest rates this week
The ECB has become “the central bank to be followed,” one central bank governor said.
Israel and Iran: All-out war, or measured retaliation?
A full-blown Israel-Iran war would be devastating to both sides and highly destabilizing for the Middle East.Â
World’s largest sovereign wealth fund posts $110 billion in first-quarter profit as tech stocks surge
Norway’s giant sovereign wealth fund on Thursday reported first-quarter profit of 1.21 trillion kroner ($110 billion).