US stocks rise ahead of anticipated 75-basis-point rate hike from the Fed

Federal Reserve Chair Jerome Powell Win McNamee/Getty Images US stocks moved higher on Wednesday as investors geared up for a Fed interest rate decision. Chairman Jerome Powell is expected to raise rates by 75 basis points to tame inflation. Powell's press briefing should give investors more insight as to how much more tightening the Fed […]

The Fed needs to ‘rip off the Band-Aid’ and hike interest rates by 150 basis points, Wells Fargo strategist says

Federal Reserve Chair Jerome Powell. Chip Somodevilla/Getty The Federal Reserve should consider a 150-basis-point rate hike, a Wells Fargo strategist said. "Why not just rip off the Band-Aid — let's get there in one day," Michael Schumacher told CNBC. Most economists expect the Fed to raise interest rates 75 basis points after the conclusion of […]

Goldman Sachs raises its Fed rate hike forecast to 75 basis points for September as Fed officials push hawkish messages

Federal Reserve Board Chair Jerome Powell. Elizabeth Frantz/Reuters Goldman Sachs raised its forecasts for the size of Fed rate hikes at the September and November meetings.  The investment bank late Wednesday said it now sees a September increase of 75 basis points and a November increase of 50 basis points.  Fed officials have delivered hawkish […]

The European Central Bank pulled the trigger on a record interest rate hike as Europe battles a Russian energy crisis and spiraling food prices

ECB president Christine Lagarde has presided over two consecutive interest rate hikes. Philipp von Ditfurth/Getty Images The European Central Bank just pulled the trigger on its biggest interest rate hike. The central bank increased rates by 75 basis points, and signaled further hikes. Economies around the world are raising rates as they battle to keep […]

One hike to rule them all? Tackling Mordor on New Zealand’s best day hike

John Malathronas September 14, 2018 Share this article Billed as one of New Zealand’s best day hikes, the Tongariro Alpine Crossing winds through a national park best known as Peter Jackson’s Mordor. Could you turn down a chance to follow in Frodo’s footsteps? I can’t remember how I met tall, lanky Yorkshire Joe. Was he […]

Sling TV adds à la carte channels, free shows and a rate hike

Sling TV pitches itself as a service for cord cutters, but there’s always been one holdover: you’ve had to subscribe to a bundle of channels you don’t necessarily want. Today, though, even that requirement is going away. Sling has introduced a new “experience” that offers access to some content without a bundle-based subscription. There are […]

Russia lowers economic growth forecast as planned tax hike expected to curtail expansion

Russia’s Economic Development Ministry has slashed the country’s economic growth forecast for next year amid geopolitical uncertainty and a planned two-percent increase in value-added tax (VAT). The country’s gross domestic product (GDP) is now expected to grow by 1.4 percent in 2019 compared to the 1.9 percent growth projected this year, according to reports in […]

OPEC is gearing up to hike oil production during what could be a ‘contentious’ meeting

AP/Karim Kadim In efforts to tackle a global oil glut, OPEC and other supply-cutting nations have been coordinating output levels. After a months-long crude rally, the cartel is meeting this week to discuss increasing supply. Here’s what you need to know. When are the meetings? Friday, June 22: Current members of OPEC — Algeria, Angola, Ecuador, […]