Business

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The Philippines hikes interest rates by 0.5%Tencent shares buoyant as tech giant talks up new revenue channels Even though Tencent posted its first revenue decline for the second quarter this year on Thursday, the company's shares traded in the black by 3.1% on Thursday.Pau said there are other upsides, which included Tencent's plans to harness…

Today American policymakers face a stark choice. Either, they can fight inflation by continuing to hike interest rates to generate unemployment and bring down aggregate demand. Or, they can employ a surgical approach that reins in the price increases that have been driving inflation, while encouraging investments to overcome chronic supply chain…

U.S. equity futures traded lower ahead of a key report on retail sales and earnings reports from major retailers.The major futures indexes suggest a decline of 0.5% when the opening bell rings on Wall Street.Oil prices bounced around on Wednesday, after hitting a six-month low the previous day.West Texas Intermediate (WTI) crude futures traded…

(Maurie Backman) Will Social Security's next cost-of-living adjustment (COLA) make 2022's seem negligible? There's reason to believe it might.Granted, it's too soon to land on a solid estimate because we need third quarter data from the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W)…

The price of Bitcoin BTC has struggled to hold above $24,700 against Tether (USDT) after being rejected from that region.  Bitcoin in recent times has shown bullish signs after rallying to the $24,000 mark, with many investors speculating this could be the start of the bull run. The price of BTC was rejected from $25,200 and has struggled to…

Elevate.Money adds a new property to its portfolio and user base growsNEWPORT BEACH, Calif., Aug. 17, 2022 /PRNewswire/ -- Elevate.Money (Elevate), the real estate investing app for millennials which offers fractional investments in a portfolio of income producing commercial properties, has purchased a Shell branded fuel station and Pops Mart…

A customer pushes a shopping cart towards the entrance of a Lowe's store in Concord, California, on Tuesday, Feb. 23, 2021.David Paul Morris | Bloomberg | Getty ImagesLowe's on Wednesday reported second-quarter earnings that beat analysts' expectations as the company said improved operations offset lower-than-expected sales that were hurt by a…

In the midst of the pandemic the government gave unemployment benefits to the incarcerated, the imaginary and the dead. It sent money to “farms” that turned out to be front yards. It paid people who were on the government’s “Do Not Pay List.” It gave loans to 342 people who said their name was “N/A.”As the virus shuttered businesses and forced…

Precedence ResearchAccording to Precedence Research, the global wheelchair market size is projected to be worth around USD 14.7 billion by 2030 from valued at USD 6.5 billion in 2021 and growing at a CAGR of 9.49% from 2022 to 2030.Ottawa, Aug. 16, 2022 (GLOBE NEWSWIRE) -- The global wheelchair market size was valued at USD 7.12 billion in 2022.…