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Treasury Secretary Janet Yellen on Thursday said she believes high U.S. inflation will come down “certainly next year,” but noted risks to the outlook including the ongoing Russian war in Ukraine. Speaking at an event sponsored by the Atlantic, Yellen said the Federal Reserve is “clearly committed to bringing inflation down.” The Fed on Wednesday […]
Oil futures climbed on Thursday to recoup much of the losses seen a day earlier, as Russia’s decision to partially mobilize reservists amid its war on Ukraine raised worries about global oil supplies. “Crude prices remain volatile as energy traders grapple with a deteriorating demand outlook that is still vulnerable to shortages,” said Edward Moya, […]
American Tower REIT AMT, -0.01% declared Thursday a quarterly distribution of $1.47 a share, up from the previous payout of $1.43 a share in June. For the past 10 year, each distribution payment by the real estate investment trust (REIT), which owns multitenant communications real estate, has been higher than the previous one. Based on […]
General Motors Co. GM, -0.44% said Thursday that its GM Ventures unit made a strategic investment in Lithion Recycling Inc.’s Series A financing round. The companies did not disclose the dollar amount of the investment. Montreal-based Lithion Recycling has developed technology that allows up to 95% of battery components to be recovered and treated to […]
Tilray Brands Inc. TLRY, -5.38% on Thursday said its FL Group S.R.L. unit in Italy has received approval from the Italian ministry of health to import and distribute Tilray’s medical cannabis oral solution THC25. Tilray Medical runs a national pharmaceutical distribution business with FL Group to fill medical cannabis prescriptions for patients in Italy, one […]
• CHFJPY reversed from resistance zone • Likely to fall to support level 144.00 CHFJPY recently reversed down sharply from the resistance zone located between the round resistance level 150.00 (which formed the daily Evening Start patter at the start of this month) and the upper daily Bollinger Band. The downward reversal from the resistance […]