Rise

Another strong inflation reading in April is likely to keep pressure on the Federal Reserve to continue raising rates in half-percentage-point increments at the central bank’s next two policy meetings and possibly beyond that.The rapid pace of U.S. inflation stayed strong last month, offering little reassurance to the Fed even though the year-over-year rate of growth slowed. On a monthly basis, the consumer price index rose a seasonally adjusted 0.3% in April, according to a Labor Department report on Wednesday. Inflation…

Travelers wait in line at Newark Liberty International Airport (EWR) in Newark, New Jersey, on Monday, Jan. 3, 2022.Christopher Occhicone | Bloomberg | Getty ImagesPacked planes and more expensive tickets drove down customer satisfaction with airlines for the first time in a decade over the past year, according to a J.D. Power survey published Wednesday."Customer satisfaction with North American airlines climbed to unprecedented highs for all of the wrong reasons during the past two years," said Michael Taylor, travel…

During the Monster Hunter Rise: Sunbreak digital event, Capcom showed off a brand-new trailer featuring older monsters and new ones. The clip included the expansion’s flagship dragon, Malzeno. Malzeno is a vampiric elder dragon that captures monsters and steals their life force. It also has the ability to inflict the Bloodblight status, which causes hunters to slowly lose their HP in a tug-of-war fashion with it. In order for hunters to regain lost HP due to Bloodblight, it seems like they’ll have to keep attacking…

Elevated and persistent inflation, coupled with a sharp rise in interest rates, are among the greatest near-term risks to the U.S. economic system, the Federal Reserve said Monday, while warning that Russia’s invasion of Ukraine could also affect financial stability. “Further adverse surprises in inflation and interest rates, particularly if accompanied by a decline in economic activity, could negatively affect the financial system,” the central bank said in its latest semiannual…

The coast of Antarctica’s Princess Elizabeth, near where the ice sheet meets the sea. Newly discovered Lake Snow Eagle lies a few hundred miles inland, under the same ice sheet. Credit: Shuai Yan/UT Jackson School of Geosciences Scientists investigating the underside of the world's largest ice sheet in East Antarctica have discovered a city-size lake whose sediments might contain a history of the ice sheet since its earliest…

Nigerian stocks advanced for the thirty-first day on Monday as the benchmark index jumped by 1.9 per cent, strengthening the positive sentiment that has seen a great deal of investors’ cash chase equities for a number of weeks. Consumer goods shares were the toast of investors as heavyweights like Nigerian Breweries, International Breweries and Presco as well as MTN drove gains. “We anticipate a calm atmosphere in the domestic equities space, as investors are likely to revert to…

Editor's Note: The following excerpt has been taken from the book Chandra Shekhar: The Last Icon of Ideological Politics written by Rajya Sabha deputy chairman Harivansh and writer Ravi Dutt Bajpai. The book was launched on Wednesday by Prime Minister Narendra Modi, and chronicles the journey of former PM Chandra Shekhar from his humble lower middle-class background to becoming one of the most prominent political icons of India. During the launch of the book, Modi lashed out at the Congress stating that…

A 0.5 percentage points interest rate hike announced by the United States’ Federal Reserve on Wednesday is expected to reverberate around the globe and spur Nigeria and other economies to hike rates in the coming weeks. The U.S. Fed raised its benchmark interest rate to a target rate range of between 0.75% and 1% on Wednesday, the largest hike in 22 years. The decision follows a 0.25 percentage point increase in March, the first increase since December 2018. Analysts say that rate rises…

Nigerian stocks appreciated for the 28th day in a row on Thursday as the benchmark index expanded by 1.4 per cent and more cash chased a couple of heavyweight equities including MTNN, Guinness, Nigerian Breweries, Presco, Okomu Oil and Airtel Africa. Transaction volume fell by 31 per cent compared to previous session’s, but turnover improved by 39 per cent. Market breadth, an indicator of investors’ sentiment towards trade, closed positive as 32 gainers emerged, relative to 22 losers. The…

Transnational Corporation Plc, (Transcorp Group) has reported impressive returns in all its major financial indices for the first quarter ended March 31. Its unaudited results filed with the Nigeria Exchange Limited, showed that the conglomerate with interests in the power, hospitality, and energy sectors recorded a profit after tax of N5.0 billion, rising 147 per cent from N2 billion recorded in the first quarter of 2021; while profit before tax which stood at N2.5 billion last year,…