Stocks rise after Fed steps up fight against inflation: Live updates

Through Ana Swanson and Jeanne Smialek Federal Reserve Chairman Jerome H. Powell suggested on Wednesday that the economy could meet the central bank’s target of full employment by next year, a development that could point to a rate hike. interest from their lowest levels. Mr Powell pointed out that a …

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Omicron, more blockages and other big economic risks for 2022

The omicron variant of Covid-19 is apparently more contagious than its predecessors. New Delhi: The Covid years are littered with predictions that have not worked. For anyone looking to 2022, that should be enough to give you pause. Most forecasters, including Bloomberg Economics, base their scenario on a robust recovery …

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Cohu updates its medium-term financial goal model

POWAY, Calif .– (COMMERCIAL THREAD) – Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today announced the update to its medium-term financial goal model(1) annual revenue of $ 1 billion and non-GAAP EPS of $ 4.00 to better reflect expected revenue and margin growth, primarily …

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Rupee weakens against dollar and approaches level 76

NEW DELHI: The rupee fell against the US dollar on Tuesday as the global strength of the greenback and weakness in domestic stocks soured sentiment for the Indian currency, brokers said. Traders also preferred to face existing bets on the rupee ahead of the Federal Reserve’s monetary policy statement on …

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The Japanese Yen could be a steal – here’s an ETF to play it on

A The confluence of a stronger dollar, inflation fears and the Omicron variant have put downward pressure on the Japanese yen, but it could represent a good deal for value-seeking investors. As supply chains around the world regain momentum following a global vaccination movement in 2021, the Omicron variant has …

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Better buy: Coinbase vs. Cardano

THere are several ways to get started as a cryptocurrency investor, but how do you choose which port of entry is best for you? We asked two Motley Fool contributors to stack the Cardano (CRYPTO: ADA) cryptocurrency against Coinbase (NASDAQ: COIN) blockchain-driven trading platform. Read on to see why one …

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Narendra Modi’s tweet about adopting Bitcoin as a currency is bogus

Indian Prime Minister Narendra Modi presents his national statement on the second day of COP26.Photo: Alastair grant – Swimming pool (Getty Images) Early on Sunday, a tweet emerged from Indian Prime Minister Narendra Modi’s account announcing, out of the blue, that the country had adopted bitcoin as legal tender and …

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Insiders suspected of stealing UK bank details

Fraudsters turned bank employees are suspected of infiltrating UK financial institutions (FIs) and committing crimes, The Telegraph reported. More than 2,000 employees on a shared fraud database since 2016 have been reported by High Street banks, mortgage brokers and insurance companies, according to the report, citing figures from the Fraud …

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ASX to rise on S&P 500 lead with Fed in focus

The coming week will focus on what US policymakers are willing to do and how President Jerome Powell describes what’s going on with inflation and where he sees it heading. The Fed will issue a statement at the end of its two-day Thursday AEDT meeting. Powell will speak to reporters …

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