Buzz
Apologies, everyone, for the delayed weekly economic summary. We appreciate your understanding.- The Federal Reserve has increased its standard interest rate by an additional three-quarters of a percentage point, to approximately between 2.25% and 2.5%. Central banks worldwide are believed to have reacted too late to the risk of surging inflation, prompting them to opt for more aggressive measures to tighten monetary policies. The European Central Bank recently raised the deposit rate for the first time in a decade, from -0.5% to 0%. Experts anticipate that the next rate hike in September will be quite substantial.
- Walmart's Second Profit Warning Sparks Investor Concerns - Unilever Raises Sales Forecast Despite Unprecedented Cost Pressures - Amazon Raises Prime Membership Fees in European Markets
- Advertising Slows Down: Meta Reports First Revenue Decline Compared to Last Year - Alphabet's Revenue Growth Slows Since Mid-2020 - Snap and Twitter Face Challenges with Low Digital Advertising Revenues - Credit Suisse Reports $1.7 Billion Net Loss
- Alibaba to List Primary Shares in Hong Kong, Reflecting Easing Regulatory Pressures - Intel Announces Chip Production Partnership with MediaTek - Volkswagen Removes Herbert Diess as Chairman, Oliver Blume to Lead - Twitter Sets Date for Special Shareholder Meeting Regarding Elon Musk's Takeover Bid
