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The Commerce Department's data is expected to show personal consumption expenditures (PCE) price index remained flat in May after rising 0.3% in the previous month, with the core figure seen rising 0.1% after a 0.2% gain the month before. Deutsche Bank analysts expect the year-on-year PCE to come in at an over three-year low, which although promising news for the Fed, would not be enough to assure the central bank after the unexpected inflation spike seen back in the first quarter. Even in the face of the Fed guiding for just one interest rate cut this year in December, market participants still expect two cuts starting September, hoping for a sustained downtrend in price pressures and as the economy remains susceptible to decades-high interest rate.
JD Sports Fashion bucked the trend, however, as investors reacted to last night’s disappointing Nike sales update. Video games firm Keywords Studios moved closer to exiting the London market after a fresh private equity takeover proposal.
On June 26th, the unveiling ceremony of the world's first acoustic transparent Cinema LED screen was held at the Xinjiekou International Cinema in Nanjing Deji Plaza, China. The launch of this LED movie screen signifies that the cinema has upgraded the traditional IMAX screen to Unilumin's UCine LED film projection system. Concurrently, a preview of the film "The Royal Cat" was held, inviting citizens to experience the new immersive audio-visual experience of "sound and picture resonance" on-sit
BLUE BELL, Pa., June 28, 2024--BrightView Holdings, Inc. (NYSE: BV), the leading commercial landscaping services company in the United States, today announced that members of its management team, including Dale Asplund, President and Chief Executive Officer, and Chris Stoczko, Vice President of Finance, will participate in the following investor conference:
The Education Secretary sparred with a Sky News anchor over the Government’s economic record.
"It is too soon to tell, but there's one way to find out: Proceed deliberately while keeping a close eye on the real economy," Barkin said in remarks prepared for delivery to the Global Interdependence Center in Paris. After raising U.S. short-term borrowing costs aggressively from March 2022 to July 2023, the Fed has left its target policy rate in the 5.25%-5.5% range for nearly a year. None of the Fed's policymakers believe more rate hikes are likely to be necessary to bring down inflation, but they disagree on how much longer they should wait before cutting rates.
Longbridge Group Singapore announced that it had secured over USD $100 million in additional funding from various investment institutions, including Singaporean consortia, following its Pre-A round. To date, Longbridge Group has accumulated over USD $150 million in total financing. Leveraging its leading practices in "Finance + Internet Technology," Longbridge Group has rapidly developed in the Hong Kong and Singapore markets in recent years and has now achieved overall profitability. With this
Spain's Repsol is in talks to merge its UK North Sea oil and gas business with private equity-backed NEO Energy, three industry sources said, the latest consolidation effort by companies that operate in the basin amid greater tax pressures. A merger would create a company with output of more than 110,000 barrels of oil equivalent per day, making it one of the largest producers in the ageing basin. Repsol and NEO Energy declined to comment.
Jordan Bardella, the fresh-faced 28-year-old who could be the first French prime minister for Marine Le Pen’s hard-Right National Rally party, has designs on EU cash.
The GPU leader's huge success opens it up to the risk of a regulatory crackdown.