Britain’s Liz Truss to hold emergency talks with budget watchdog

Britain’s Prime Minister Liz Truss and Britain’s Chancellor of the Exchequer Kwasi Kwarteng. Dylan Martinez | Afp | Getty Images The OBR had prepared a general economic forecast ahead of the mini-budget on Sept. 23, but the U.K. Treasury opted not to publish it, according to the BBC. Kwarteng said a full forecast would be … Read more

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 30th September 2022

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Apple, CarMax, Bed Bath & Beyond and more

Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relatively well in a down market, but it expects a negative impact on the company from weakening consumer demand. CarMax (KMX) – … Read more

UK’s mini budget leads to market turmoil forcing intervention from Bank of England – Expert Ajay Bagga analyses action

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Pension fund panic led to Bank of England’s emergency intervention

The Bank of England on Wednesday launched a historic intervention in the U.K. bond market in order to shore up financial stability, with markets in disarray following the new government’s fiscal policy announcements. Bloomberg | Bloomberg | Getty Images LONDON – The Bank of England launched a historic intervention to stabilize the U.K. economy, announcing … Read more

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 29th September 2022

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Biogen, Thor Industries, Lyft and more

Check out the companies making headlines before the bell: Biogen (BIIB) – Biogen soared 45.6% in premarket trading after Biogen and Japanese partner Eisai said their experimental Alzheimer’s drug dramatically slowed the disease’s progression in a study, reducing cognitive and functional decline by 27%. Thor Industries (THO) – Thor Industries gained 3.6% in the premarket … Read more

Biden looks to win over Pacific Island leaders at summit

WASHINGTON — President Joe Biden is set to host Pacific Island leaders for a two-day summit as the U.S. looks to counter China’s military and economic influence in the region. Pacific Island leaders, meanwhile, see an even more pressing concern: climate change. On Wednesday, Secretary of State Antony Blinken planned to kick off the summit … Read more

Hertz, Ford, Keurig Dr Pepper and more

Check out the companies making the biggest moves midday: Hertz — Shares of the rental rental company jumped 1.9% after the company announced a partnership with BP’s electric vehicle charging unit that will put thousands of charging stations at Hertz locations. Many of the stations will be used to charge Hertz’s growing fleet of electric … Read more

Zee Business Stock, Trading Guide: Things to Know Before Market Opens on 28th September 2022

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