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US stocks fall as Fed minutes awaited
The US stock index fell on Wednesday as investors waited minutes from the Federal Reserve's meeting to gauge the health of the economy and pace of interest rate hikes to stamp out spiking inflation. The US stock index fell on Wednesday as investors waited minutes from the Federal Reserve's Federal Reserve's meeting to gauge the health of the economy and pace of interest rate hikes to stamp out spiking inflation. After a brutal selloff in global equity markets in the first half of the year, nervous...
Updated: 07/06/2022
Walmart stock stands tall despite growing risk of recession
Walmart continues to stand tall, despite the growing risk of a recession in the US. Wall Street analysts still believe that the stock's prospects over the long term are supported by Walmart's Tuesday close at $124.25 per share. Walmart continues to stand tall, despite the growing risk of a recession in the US. Wall Street analysts still believe that the stock's prospects over the long term are supported by Walmart 's Tuesday close at $124.25 per share. What is the best way to support the world's...
Updated: 07/06/2022
Over 80% of land earmarked for techno city in Kenya
Over 80 percent of the land on offer for the first phase of the Konza Technopolis has been taken over by investors, sparking interest in the technology city that had a false start. Over 80 percent of the land on offer for the first phase of the Konza Technopolis has been taken over by investors, sparking interest in the technology city that had a false start. In the current fiscal year, ten of the 26 new investors have already been given land lease agreements, according to ICT Principal Secretary...
Updated: 07/06/2022
Yellen, Xi Jinping discuss economic challenges in call
The US Treasury Secretary Janet Yellen and China's Vice Premier Liu He - China's top economic official - had a substantive conversation on a call, according to a statement by the US Treasury. The US Treasury Secretary Janet Yellen and China's Vice Premier Liu He - China's top economic official - had a substantive conversation on a call, according to a statement by the US Treasury. The talks, which readouts from both sides suggest that were initiated by the United States, were described as candid...
Updated: 07/06/2022
Only 5 counties met revenue targets in 2021
For five counties met their revenue targets in the year to June 2021, leading to an under-collection of Sh 19 billion of internally generated funds. Only five counties met their revenue targets in the year to June 2021, leading to an under-collection of Sh 19 billion of internally generated funds. Treasury data submitted to Parliament shows that the 47 county governments collected Sh 34.4 billion against the target of Sh 53.7 billion. Treasury Cabinet Secretary Ukur Yatani said the collection...
Updated: 07/06/2022
Stocks struggle to direction as risk of recession looms
U.S. stocks traded mixed Wednesday morning, with equities struggling for direction as the risk of a recession remained top of mind for many investors. U.S. stocks traded mixed Wednesday morning, with equities struggling for direction as the risk of a recession remained top of mind for many investors. The S&P 500 opened in slightly positive territory after fluctuating between small gains and losses during the pre-market session. The Dow Jones Industrial Average moved slightly higher, and the Nasdaq...
Updated: 07/06/2022
Bank of New York Mellon names Goldman Sachs veteran as chief financial officer
The Bank of New York Mellon Corp. building at 1 Wall St. is seen in New York's financial district. The Bank of New York Mellon Corp. Bank of New York Mellon Corp . building at 1 Wall St. is seen in New York's financial district. The Reuters- Bank of New York Mellon Corp named the chief financial officer Dermot McDonogh , a 25-year veteran of Goldman Sachs Group . McDonogh, 57, will join BNY Mellon in November and assume the CFO mantle in February and replace Emily Portney who will take over...
Updated: 07/06/2022
Jobs report and June will see fewer job openings in June
With the May JOLTs report on Wednesday morning and June jobs report on Friday, investors are gearing up for a busy week of jobs data. With the May JOLTs report on Wednesday morning and June jobs report on Friday, investors are gearing up for a busy week of jobs data. Wall Street expects to have 11 million job openings as of the end of May, down from 11.4 million job openings the previous month, according to consensus estimates from Trading Economics . In June, economists believe that the Labor...
Updated: 07/06/2022
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