Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

News

U.S. Fed Reserve raises interest rates, hikes may be ending

Published

on

Jerome Powell has admitted a pause may be coming

Jerome Powell has announced interest rates in the U.S. will be going up by a quarter of a per cent.

The move will see rates move closer to the 4.75-5 per cent range.

The Fed has been raising rates since the middle of last year to try and get inflation down to a controlled level of two per cent.

Meanwhile, during the announcement, Powell acknowledged the central bank’s hikes may be coming to an end.

It follows a turbulent few weeks in the banking sector.

“We have to bring down inflation down to 2%,” he said. “There are real costs to bringing it down to 2% but the costs of failing are much higher.

“My colleagues and I are acutely aware that high inflation imposes significant hardship as it erodes purchasing power, especially for those least able to meet higher costs of essentials.

“We believe however that events in the banking system over the past two weeks are likely to result in tighter credit conditions for households and businesses which would in turn affect economic outcomes,” Powell said.

Continue Reading

News

Prayer app Hallow takes #1 spot on Apple App Store

Published

on

A new Catholic prayer app recently beat out major social media apps in global downloads.

The company says, Hallow passed 10-million downloads and 225-million prayers prayed around the globe, becoming the largest prayer app in the world.

Hallow has also become the first faith-based app to ever crack the top 10 apps in the App Store coming in at #3 overall–and beating Netflix, Spotify, Instagram, Amazon, Tiktok, and YouTube.

The Cofounder and CTO of Hallow Erich Kerekes joins Veronica Dudo to discuss. #IN AMERICA TODAY #featured #apps #prayerapp #socialmedia #Applestore #business

Continue Reading

News

Google’s take on AI search to shake market direction

Published

on

Search Generative Experience (SGE), is the latest innovation from Google Labs

This cutting-edge feature, recently announced by Google, is set to transform search results for a select subset of queries and a small portion of U.S. search traffic.

With SGE, instead of the traditional top-10 results, users may encounter AI-generated responses prominently displayed at the top of the page.

This shift has significant implications, as it pushes both ads and organic results further down the page. Stay tuned for updates on this groundbreaking development in search technology.

Continue Reading

News

The battery set to change Electric Vehicles and Tesla’s market share

Published

on

The world’s biggest battery maker announced this week they’re working with Tesla to making cheaper batteries.

Recent developments in the electric vehicle (EV) market raise essential questions about its trajectory.

Cost cuts by the world’s largest battery maker could impact EV prices, potentially boosting their competitiveness. Meanwhile, advancements in mileage, power, and charging times are driving increased adoption.

However, considerations about downsides like battery disposal and resource extraction are pertinent. Nonetheless, the broader implications for climate change efforts and the automotive industry underscore the transformative potential of EVs in creating a more sustainable future.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2024 The Ticker Company