House Republicans ask Twitter to preserve Elon Musk’s takeover bid records Liz Peek and Kara Frederick weigh in on the war on free speech on ‘Fox Business Tonight.’ Twitter Inc. is in discussions to sell itself to Elon Musk and could finalize a deal as soon as this week, people familiar with the matter said, a dramatic turn of events […]
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The following are some of the healthcare companies that reported quarterly financial results on Wednesday. 1. Abbott (ABT) has reported strong earnings and sales for the first quarter ended March 31, 2022. For the first quarter of 2022, adjusted net earnings increased to $3.08 billion or $1.73 per share on net sales of $11.9 billion. This compares with adjusted earnings […]
Read moreEconomy ‘probably’ already in a recession: Expert Morgan Creek Capital Management Mark Yusko discusses Federal Reserve’s response to inflation. The U.S. economic outlook is dimming and a downturn could be on the horizon as the Federal Reserve moves to tame the hottest inflation in four decades, according to Fannie Mae economists. The mortgage lender said in a new economic and […]
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The World Bank has lowered its forecast for global economic growth this year citing the impact of the war in Ukraine, World Bank President David Malpass said on Monday. The global growth outlook was reduced to 3.2 percent from 4.1 percent, Malpass told reporters in a conference call. The downgrade largely reflects the weaknesses seen in Europe and central Asia, […]
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I am aged 66, retired and have $400,000 in an accumulation fund with VicSuper. My wife is 61 and has $200,000 in accumulation mode at the same super fund. She has a part-time business and is earning about $25,000 a year. Our assets are well below the age pension limit. How can we maximise the pension when I reach 67 […]
Read moreInflation, bird flu impact U.S. bakeries ahead of Easter 2022 Inflation, supply chain issues, and the avian flu are to blame for high egg prices. When you go to buy some treats for an Easter celebration, expect fewer options at some bakeries and a higher bill to go with it. Easter 2022 is just days away, and the price of […]
Read moreUS mining association calls out Chinese involvement: ‘It needs to happen here’ FOX Business White House correspondent Edward Lawrence speaks to National Mining Association CEO Rich Nolan about the push to have rare earth minerals made in the USA. Semiconductors, electric vehicles, 5G, fighter jets and magnets all require rare earth minerals for production. One American mining association is raising […]
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The European Central Bank left its key interest rates unchanged, as expected, on Thursday and reaffirmed that it is set to end asset purchases in the third quarter. The Governing Council, led by ECB President Christine Lagarde, left the main refinancing rate at zero, the deposit rate at -0.50 percent and the marginal lending rate at 0.25 percent. “Looking ahead, […]
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After yesterday’s report showing a jump in U.S. consumer prices, the Labor Department released a report on Wednesday showing U.S. producer prices also surged in the month of March. The Labor Department said its producer price index for final demand shot up by 1.4 percent in March after advancing by an upwardly revised 0.9 percent in February. Economists had expected […]
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