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inflation

Fund manager says there is no economic rationale for Fed rate cuts

by Walter Watson
Fund manager says there is no economic rationale for Fed rate cuts

The only reason the Federal Reserve might be tempted to cut rates would be to help the U.S. cover interest payments for the national debt, according to fund manager Freddie …

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Zimbabwe’s gold-backed ZiG is the world’s newest currency

by Walter Watson
Zimbabwe’s gold-backed ZiG is the world’s newest currency

The government had previously floated various ideas to replace the Zimbabwe dollar, including introducing gold coins to stem inflation and even trying out a digital currency. People queue to withdraw …

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GEHC’s unwarranted post-earnings plunge is a buying opportunity

by Akin Smith
GEHC’s unwarranted post-earnings plunge is a buying opportunity

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. (We’re …

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Eli Lilly, 3M, PayPal, Tesla and more

by Walter Watson
Eli Lilly, 3M, PayPal, Tesla and more

Check out the companies making headlines in midday trading. Eli Lilly — Shares added 5% after Eli Lilly, maker of the Mounjaro diabetes and weight loss drug, beat analysts’ expectations …

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The worst could be over for gas prices this spring

by Vera Ward
The worst could be over for gas prices this spring

By Matt Egan | CNN New York — Israel and Iran have been in open conflict. Ukrainian drones have repeatedly attacked Russian oil refineries. And OPEC continues to hold back …

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Major change to NHS prescriptions kicks in tomorrow in ‘dark day’ for patients

by Akin Smith
Major change to NHS prescriptions kicks in tomorrow in ‘dark day’ for patients

PRESCRIPTION costs will be “unaffordable for many” after rising to £9.90 tomorrow, medics warn. Charges have risen 2.59 per cent compared to the £9.65 they cost last year, the Department …

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Major change to NHS prescriptions kicks in tomorrow in ‘dark day’ for patients

by Akin Smith
Major change to NHS prescriptions kicks in tomorrow in ‘dark day’ for patients

PRESCRIPTION costs will be “unaffordable for many” after rising to £9.90 tomorrow, medics warn. Charges have risen 2.59 per cent compared to the £9.65 they cost last year, the Department …

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State Street says Asia-Pacific institutional investors keen on private assets even as inflation, elevated borrowing costs subdue appetite

by Anas Siddiqui
State Street says Asia-Pacific institutional investors keen on private assets even as inflation, elevated borrowing costs subdue appetite

High inflation and elevated borrowing costs are dampening the attractiveness of leveraged private-market investments, but institutional investors across Asia-Pacific are still determined to increase their allocations in private assets, especially …

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Soaring California power bills poised to start dropping – Daily News

by Ron Morgan
Soaring California power bills poised to start dropping – Daily News

The head of California’s largest utility, facing mounting scrutiny over surging power bills, said that trend is poised to stop and may soon reverse. PG&E Corp. customers could see bills …

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How Denver Health, city’s safety net, fell into dire financial straits

by Akin Smith
How Denver Health, city’s safety net, fell into dire financial straits

By design, Denver Health and other safety-net hospitals run on margins that most facilities would blanche at, getting paid less to care for their communities’ most vulnerable people. It works, …

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