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FedEx warning reflects both global economy and internal shortcomings

A FedEx employee makes a delivery in Miami Beach, Fla., Sept. 16, 2022. Joe Ladle | Getty Images FedEx warned of weakening global transportation demand in last week’s preliminary earnings report, leaving the market to determine whether the problem reflects an internal flaw or a broader economic diagnosis. I’m in a hurry to CEO Raj … Read more

General Mills, Stitch Fix, Beyond Meat, etc.

Check out the companies making headlines before the bell. General Mills (GIS) – General Mills shares rose 1.8% in the premarket after the food maker reported better-than-expected quarterly earnings and raised its full-year sales forecast. The company expects to benefit from higher prices and strong demand for cereals, snacks and pet food. Related investment news … Read more

5 things to know before the stock market opens on Wednesday, September 21

Traders on the NYSE floor, Sept. 20, 2022. Source: New York Stock Exchange Here are the most important news items investors need to start their trading day: 1. Decision date Investors prepare for the Federal Reserve’s interest rate announcement on Wednesday. His three-quarter rise in benchmark rates is priced in, but markets are asking for … Read more

European firms are rethinking ‘closed’ China plans

Germany’s foreign direct investment in China has increased by about 30% in the first eight months of the year compared to the previous year, China’s Ministry of Commerce said on Monday. VCG | Visual China Group | Getty Images BEIJING—European companies in China are reassessing their market plans after Covid controls further isolate China from … Read more

The Fed was expected to raise interest rates by three-quarters of a percentage point again, but that forecast may be the most important

What matters most is not what the Federal Reserve will do, but what it can do in the future as the Fed ends its two-day meeting on Wednesday. The Fed is expected to hike rates by another 3/4 percentage point, its third straight. We will also release a new quarterly forecast on inflation, the economy … Read more

The Fed now continues to hike rates and is expected to keep doing so, CNBC survey shows

US Federal Reserve Chairman Jerome Powell holds a press conference after the surprise announcement that the Fed will cut interest rates on March 3, 2020 in Washington, DC. Eric Baradat | AFP | Getty Images Wall Street appears to have finally embraced the idea that the Federal Reserve will raise interest rates into captive territory … Read more

Ether (ETH) Falls 15% As Traders Earn Profits Since Ethereum Merges

Ethereum will undergo a major network upgrade called a merger, which proponents say will make transactions much more energy efficient. After the consolidation, the Ether price fell following a significant rise prior to the event. Jakub Porzycki | Nerfoto | Getty Images Ether has fallen more than Bitcoin since the underlying technology of the cryptocurrency, … Read more

European Markets Open to Close, Earnings, Data and News

Sweden’s central bank starts raising interest rates by 100 basis points, saying ‘inflation is too high’ Sweden’s Riksbank on Tuesday raised its key policy rate to 1.75%, beginning a 100 basis point hike, warning that “inflation is too high”. The central bank said in a statement that the spike in inflation “undermines the purchasing power … Read more

Japanese consumer price index, Chinese loan prime rate, currency

Hong Kong tech, casino stocks boost composite index Australia’s central bank says arguments to delay rate hike are growing Reserve Bank of Australia (RBA) board members raised interest rates by 50 basis points, according to minutes of the Sept. I thought.” to 2.25%. “The Board expects further interest rate hikes over the next few months, … Read more