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Wednesday, July 27, 2022
Stocks rise as Fed readies another historic rate hike
News: What you need to know about the markets
Stocks rise as Fed readies another historic rate hike
Investors are uneasy as the Federal Reserve gears up for its latest policy announcement on Wednesday. But their hope is that the central bank and Chair Jerome Powell will keep talking tough, providing a steer on the path forward at an uncertain moment. Read more »
The stock market is practically begging for a recession
Wall Street has a serious case of recession dread. Read more »
South Korean giant SK Group is pouring $22 billion into the United States
South Korea's second biggest conglomerate is investing $22 billion into the United States, in high-priority areas including chips and clean energy. Read more »
Credit Suisse names new CEO to overhaul investment bank as losses mount
Credit Suisse has named asset management boss Ulrich Koerner as its new CEO, who is tasked with scaling back investment banking and cutting more than $1 billion in costs to help the bank recover from a string of scandals and losses. Read more »
Why diesel is more expensive than regular gas
Most drivers today are focused on the high cost of filling up their tanks with regular fuel. Read more »
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