Chinese New Year slows Volvo Cars’ sales growth in January By Reuters

[ad_1] © Reuters. FILE PHOTO: An employee at a Volvo car dealer, wearing a protective mask is seen in a showroom, in Brussels, Belgium, May 28, 2020. REUTERS/Yves Herman STOCKHOLM (Reuters) -Sweden-based Volvo Car AB said on Friday its sales increased by 2% year-on-year in January to 48,520 cars, but tumbled in China due to … Read more

US Stocks Surge as the Fed Slows Its Pace of Interest Rate Hikes

[ad_1] US stocks surged yesterday and look set for fifth consecutive weeks of gains after the Fed slowed down its pace of interest rate hikes and announced a 25 basis point rate hike. In the December meeting, the Fed raised rates by 50-basis points. Prior to that, the US central bank had raised rates by … Read more