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Factbox: What global banks forecast for Fed rate hikes in 2022

Feb 11 (Reuters) – Major investment banks have pencilled in a strong run of interest rate hikes for 2022 after hotter-than-expected inflation data ramped up pressure on the Federal Reserve.

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Business News Stock Market

Marketplace suspends most NFT sales, citing ‘rampant’ fakes and plagiarism

By Elizabeth Howcroft LONDON (Reuters) -The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content.

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Business News

Over $2-billion rise in currency assets pushes forex reserves to $631.9 billion

During the previous week ended January 28, the foreign exchange, or forex, reserves had recorded a decline of $4.531 billion to reach $629.755 billion, according to RBI data The nation’s.

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Business

Peloton boss John Foley to step down as firm axes 2,800 jobs – report

he co-founder of exercise brand Peloton will step down from the leading the company as it plans to cut thousands of jobs, a report has said. The Wall Street Journal.

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Business News

Toshiba now plans to split into two, bumps up shareholder return targets

TOKYO, Feb 7 – Toshiba Corp (6502.T) said it now aims to break up into two companies instead of three, while also unveiling a big boost to planned shareholder returns in.

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Business

U.S. service businesses grow at slowest pace in 16 months during omicron wave, ISM finds

Jeffry Bartash  ECONOMIC REPORT The numbers:  A barometer of business conditions at service-style companies such as restaurants and retailers slid 2.4 points in January to a 16-month low of 59.9%, ISM.

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Business Economy News

The Great Upgrade: Making the most of The Great Resignation

United States workers are in their strongest bargaining position in decades, but it won’t last forever. By Cinnamon Janzer From restaurants across the country closing early or altogether because of staff.

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Business

NTPC Q3 Profit Rises 19% To 4,626 Crore

NTPC recorded more than 19 per cent jump in its consolidated net profit for the third quarter of the current fiscal, which stood at ₹ 4,626 crore Edited by Animesh Singh New Delhi: .

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Business

Toyota Land Cruiser customers in Japan face four-year wait

The world’s biggest carmaker says the delay is not related to the global chip shortage or the supply chain crisis. However, it refused to comment on the reasons behind the.

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Business

Sensex falls 164 points in opening session, trades at 59,934.35; Nifty at 17,885

The BSE gauge was trading 164.47 points or 0.27 per cent lower at 59,934.35 in early trade. Likewise, the Nifty slipped 52.45 points or 0.29 per cent to 17,885.95. PTI.

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