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ECB will raise rates until inflation falls back to 2%, Lagarde says

ECB’s President Christine Lagarde said in an interview with Germany’s Funke Mediengruppe published on Friday. The ECB raised…

ByByBizTech Weekly Jul 22, 2022
‘Awful’ Snap Sales Wipe $47 Billion From Social Media Stocks

Snapchat parent Snapchat parent plummeted 27% in the after-hours session. Facebook parent Meta Platforms Inc. and Pinterest Inc…

ByByBizTech Weekly Jul 22, 2022
The ECB reminds everyone who really has the authority

For 4 weeks receive unlimited Premium digital access to the FT’s trusted, award-winning business news. Join FT for…

ByByBizTech Weekly Jul 21, 2022
Baidu unveils new robotaxi it says could halve commuting costs

Baidu Inc unveiled a new version of its self-driving robotaxi that it says costs nearly half as much…

ByByBizTech Weekly Jul 20, 2022
Housing market slows further in June as sales, mortgage demand tumble

Existing-home sales are down 5.4 percent from May but have tumbled 14.2 percent compared with the same month…

ByByBizTech Weekly Jul 20, 2022
Asian shares extend global rally on strong US dollar

Asian shares extended a global rally on Wednesday as strong US corporate earnings and the expected resumption of…

ByByBizTech Weekly Jul 19, 2022
Anthony Scaramucci says ‘no fear of liquidation’ as Skybridge Capital suspends withdrawals in fund with crypto exposure

About 18% of SkyBridge’s Legion Strategies fund, which manages about $250 million, is in crypto-related investments. Scaramucci says…

ByByBizTech Weekly Jul 19, 2022
Analysis: Wall Street can’t take its eyes off Netflix

Netflix’s earnings report will be a make-or-break moment for the company that’s made its name synonymous with streaming…

ByByBizTech Weekly Jul 18, 2022