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Asian Stocks Follow Wall St Lower on Economy Fears

Asian Stocks Follow Wall St Lower on Economy Fears

Asian stock markets followed Wall Street lower Friday on fears global economic activity will be depressed by interest rate hikes to cool inflation. Shanghai, Tokyo, and Sydney fell while Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel. Wall Street’s...

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Will 75 Bps US Fed Rate Hike Trigger Another Market Selloff?

Will 75 Bps US Fed Rate Hike Trigger Another Market Selloff?

As consumer inflation raced to a 41-year high in May, the US Federal Reserve will be determined to increase interest rates by at least 50 basis points at the end of its two-day policy meeting later today. FOMC minutes in May, too, signaled a commitment to raise interest rates, reduce the...

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WPP Appoints Michael Houston as President of Its US Business

WPP Appoints Michael Houston as President of Its US Business

WPP today announces that Michael Houston, Global CEO of Grey, has been appointed as President of WPP’s business in the United States. In this new role, which aligns with WPP’s country leadership structure in other major markets, Michael will represent the company in its largest market...

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U.S. Small-Business Sentiment Dips in May, NFIB Survey Shows

U.S. Small-Business Sentiment Dips in May, NFIB Survey Shows

U.S. small-business confidence edged down in May as worries about high inflation persisted, according to a survey on Tuesday, which also showed demand for labor remained strong despite rising interest rates and tighter financial conditions. The National Federation of Independent Business...

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