COST Financial News
15.06 / 01:55
COST
UPS
wholesale
A Key Inflation Reading Capturing Wholesale Prices Rose Again in May
U.S. suppliers’ prices rose in May amid higher food and energy costs, adding to pressure on inflation.
14.06 / 18:27
COST
Fallout
Dame Meg Hillier: ‘Whitehall struggles to implement more than a slogan’
Energy bills are soaring. A cost of living crisis threatens millions of households. The government’s coffers are still depleted from Covid-19 lockdowns. The Ukraine war and the fallout from Brexit are piling even more pressure on public finances.
14.06 / 15:45
14.06 / 12:19
COST
Digital
Landmark
Warning
'Profit recession' warning as markets wait for aggressive central bank moves
Global stock markets diverged on Tuesday after a worldwide sell-off in the previous session, as analysts assessed the longevity of the bear market and risk of recession.
14.06 / 02:09
COST
Fallout
Dame Meg Hillier: ‘Whitehall struggles to implement more than a slogan’
Energy bills are soaring. A cost of living crisis threatens millions of households. The government’s coffers are still depleted from Covid-19 lockdowns. The Ukraine war and the fallout from Brexit are piling even more pressure on public finances.
13.06 / 19:39
COST
Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down
PARIS—For decades, European industry relied on Russia to supply low-cost oil and natural gas that kept the continent’s factories humming.
13.06 / 15:25
COST
UPS
Striking Truckers Stall South Korean Economy
SEOUL—A weeklong trucker strike in South Korea over fuel costs and wages is tying up supply chains in one of Asia’s export powerhouses.
13.06 / 01:47
COST
UPS
Action
How Avalanche’s [AVAX] partnership with Chainlink [LINK] cost it over 25%
Although the development is supposed to be a positive trigger for Avalanche [AVAX], it has been subdued by the broader market’s bearish cues that have already wiped out more than $137 billion from the crypto market.
12.06 / 16:49
COST
Provident
Time
Gasoline Prices Reach $5 a Gallon Nationwide for the First Time
The average price of a gallon of regular unleaded gas in the U.S. hit $5 Friday night, and the rise in fuel costs is expected to persist throughout the busy summer driving season.
11.06 / 18:27
COST
UPS
Costs
Food Prices to Keep Going Up, as Costs Surge
Some of the nation’s biggest food suppliers and restaurants, including Kraft Heinz Co. and some McDonald ’s Corp. franchisees, said they would continue to raise prices as they face starkly higher costs.
11.06 / 13:41
COST
CEO
Warning
Costs
Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
Credit Suisse chief executive Thomas Gottstein said the bank has "firepower" to cut costs in frontline staff, and will scale back on some planned investments after it flagged another potential loss in the second quarter of 2022.
11.06 / 01:31
COST
CEO
Warning
Costs
Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
Credit Suisse chief executive Thomas Gottstein said the bank has "firepower" to cut costs in frontline staff, and will scale back on some planned investments after it flagged another potential loss in the second quarter of 2022.
10.06 / 14:47
COST
UPS
Rapid Pace of U.S. Inflation Held Steady in May, Economists Estimate
Price pressures that have driven U.S. inflation to a four-decade high likely remained elevated in May, pushed up by rising energy and food costs, economists say.
10.06 / 11:31
COST
Target
ECB Plans July Rate Increase as Inflation Problem Deepens
FRANKFURT—The European Central Bank laid out plans to increase interest rates for the first time in more than a decade, joining many of its peers in raising borrowing costs to tackle persistent inflation that is spreading far beyond the U.S.
10.06 / 02:21
COST
Yellen Sees High Gasoline Prices Persisting
WASHINGTON—Treasury Secretary Janet Yellen said elevated gasoline prices—near $5 a gallon—are likely to persist, but she doesn’t see a slowing U.S. economy slipping into recession.
09.06 / 20:13
09.06 / 19:55
COST
UPS
Ripple
businesses
Costs
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner of business, with signs emerging that the rising expenses are beginning to alter consumer behavior.
09.06 / 18:31
COST
UPS
Ripple
businesses
Record Gas Prices Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner of business, with signs emerging that the rising expenses are beginning to alter consumer behavior.
09.06 / 18:11
Blockchain
COST
Ethereum
Digital
NOT
To Ethereum or not? Here’s what the ApeCoin community is deciding
On 2 May, ApeCoin DAO, a governance system that protects ApeCoin holders’ democratic rights — a digital asset linked to the Bored Ape Yacht Club ecosystem — published an official proposal. It discussed whether the asset should stay on Ethereum, migrate to a layer-2 alternative, or consider chain migration.
09.06 / 14:05
COST
CEO
Warning
Costs
Credit Suisse CEO Gottstein says he has ‘firepower’ to cut costs amid profit warning
Credit Suisse chief executive Thomas Gottstein said the bank has "firepower" to cut costs in front line staff, and will scale back on some planned investments after it flagged another potential loss in the second quarter of 2022.
08.06 / 11:31
COST
Twitter
Target
Bitcoin
valuations
Money 20/20 EU: Stripe's John Collison on crypto and fintech valuations
Stripe’s original proposition, to enable payments in minutes with a few lines of code, means it is often one of the first tools used by new Internet businesses. First, they fix Internet payments with Stripe, then they run into the next blocker - tax for example, or cashflow - Stripe is looking to use its position to help in all of these inter-connected areas.But is crypto part of that mix, and does it remove or add friction?According to Collison the problem with crypto is, “it is a movement as much as a technology. And that bothers crypto sceptics".
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