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Bringing down inflation will take time, more rate hikes: Fed officials
Bringing down inflation will take time, more rate hikes: Fed officials
by  AFP

The United States will require further interest rate hikes in order to cool the world's largest economy and rein in high prices, Federal Reserve Governor Lisa Cook said Thursday. "Restoring price stability likely will require ongoing rate hikes and then keeping policy restrictive for some time until we are confident that inflation is firmly on the path toward our two percent goal," Cook said.

Musk asks court to halt upcoming Twitter trial
Musk asks court to halt upcoming Twitter trial
by  AFP

Elon Musk asked a US judge Thursday to halt an upcoming trial over his troubled bid to take over Twitter, after the embattled social media company balked at the Tesla's chief's demand to freeze the litigation. Analysts say the litigation provides leverage to Twitter against the risk of another shift by Musk.

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