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Eurozone Inflation Hits New High, Pressuring ECB to Raise Key Rate More Forcefully

The eurozone’s annual rate of inflation accelerated to a fresh record high in June, increasing the pressure on policy makers at the European Central Bank to move more aggressively after they start raising their key interest rate later this month.The European Union’s statistics agency said Friday that consumer prices were 8.6% higher than a year earlier, a pickup from the 8.1% rate of inflation recorded in May and the highest since records began in early 1997. The eurozone’s annual rate of inflation accelerated to a…

Companies Raise Less Capital as Markets Drop, Interest Rates Rise

Battling high inflation, rising interest rates and economic uncertainty, companies raised less capital in the markets during the first half of the year compared with the first six months of 2021, when inflation wasn’t as high and many businesses tapped cheap funding to replace higher-priced debt.The Federal Reserve, looking to curb persistent inflation, this year has raised interest rates three times, most recently in June when it increased its benchmark rate by 0.75 percentage point, the biggest such move since 1994.…

CEO Stock Sales Raise Questions About Insider Trading

One week later, the company started releasing a string of negative announcements. Over three months, the stock price dropped 60%. $25.25 a share | December 2020 | January 2021 | April 2021 | December 2020 | January 2021 | April 2021 One week later, the company started releasing a string of negative announcements. Over three months, the stock price dropped 60%. $25.25 a share | December 2020 | January 2021 | April 2021…

Sony’s InZone gaming headsets raise the bar for PS5 audio

Along with new gaming monitors, Sony has launched new InZone gaming headsets, designed to help take you to victory in your PC and PlayStation games. The range includes the flagship H9, the mid-range H7, and the budget-friendly H3. The headsets are priced at $300, $230, and $100, respectively. At the core of these new headsets for PC and PlayStation 5 are three different things: sound, comfort, and noise cancellation. The H9, as the flagship headset, offers these at the highest level. They feature digital noise…

Chinese electric vehicle maker Li Auto to raise $2B in US stock offering

The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021.Costfoto | Barcroft Media | Getty ImagesChinese electric vehicle maker Li Auto said Tuesday that it plans to raise $2 billion from U.S. investors through an "at-the-market" stock offering, in which share prices are determined at the time they're sold.The funds will be spent to develop new technologies, including for autonomous driving, and for the development of future models, the Beijing-based…

Central Banks Should Raise Rates Sharply or Risk High-Inflation Era, BIS Warns

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/central-banks-should-raise-rates-sharply-or-risk-high-inflation-era-bis-warns-11656234002 This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our…

Tesla, Ford and GM Raise EV Prices as Costs, Demand Grow

Auto makers are marking up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher gas prices. Auto makers are marking up electric vehicles to offset rising battery-material costs and capitalize on the interest caused by higher gas prices. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All…

Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out…

Tracy Wang / CoinDesk: Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi shareholders — FTX's $250 million credit facility offer - if inked as initially proposed - stood to effectively wipe out all BlockFi shareholders … Tracy Wang / CoinDesk: Leaked investor call: BlockFi backer Morgan Creek Digital aims to raise $250M to counter FTX's BlockFi bailout, since it could wipe out BlockFi…

AT&T, Verizon Raise Prices and Test Consumer Budgets

The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans. The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you…

Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from troubled crypto lender Celsius in the event…

Tracy Wang / CoinDesk: Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from troubled crypto lender Celsius in the event of a bankruptcy — The Wall Street firm is seeking $2 billion in commitments from investors to buy distressed assets at steep discounts if the crypto lender goes bankrupt. Tracy Wang / CoinDesk: Sources: Goldman Sachs is looking to raise $2B from investors to buy up distressed assets from troubled crypto lender Celsius in the event of a…