ECONOMY & MARKETS

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

In a more hawkish speech, the Fed chair warned against "head fakes" from inflation.

War in the Middle East has shaken up regional energy markets, as Israel's natural gas facilities hang in limbo and Egypt's energy grid struggles to stay online.

Tom Barkin said the economy is still to show impacts of higher rates, while Michelle Bowman said the current rate appears to be "restrictive."

The port will partly be owned by India's Adani Ports & Special Economic Zones Limited (APSEZ).

The four-week average rose to the highest level since mid-September.

India is the third-biggest oil importer and consumer in the world. More than 85% of its requirement is dependent on imports, and crude oil makes up about one-third of the country's overall imports by value.

Brazil has quickly emerged as Latin America's leading source of renewable energy—as well as its largest fossil fuel producer.

The Federal Reserve chair didn't discuss the economy or interest rates in his speech.

Applications for mortgages rose as lenders tried to take advantage of lower rates.

The new narrative that renewed the interest of traders and investors on both debt and equities was floated by Chicago Fed President Austan Goolsbee in a CNBC interview on Tuesday morning.

A New York Fed study showed that the annual gain in credit card debt reached a record.

A viral video of a JetBlue passenger's mobile device spontaneously combusting made headlines last week. This may still be just the beginning of lithium-related explosions.

The company, which has locations in 37 countries, said the process only involves U.S. and Canada units.

The company's forecast for bookings and adjusted Ebtida in the fourth quarter is above analysts' estimates.

Both companies are undervalued when the EVA growth of the two companies is compared to the growth in their market capitalization.

The cuts are part of the bank's reorganization plan, CNBC said.

The S&P 500 ended at 4,358, up 4.8 % for the week; the Dow Jones at 34,061, up 4% and the tech-heavy Nasdaq at 13,478, up 5.1%.

In politics, there will be a new debate of Republican presidential candidates; Donald Trump takes the stand in the civil trial against his family and company.

Canadian group Restaurant Brands said the conflict in the Middle East could have a negative impact on its businesses.

The two countries have strengthened their ties over the last few years and are working to expand their non-oil bilateral trade.

The numbers for September and August were lower than previously reported, reinforcing that the job market is less heated.

NRF says in its survey that consumers will be looking for deals and discounts.

The world's most valuable lithium company posted meager returns in its third quarter earnings statement.

The increase may indicate that the labor market in the U.S. is softening.

U.S. stocks staged a strong rebound on Wednesday afternoon, following a sharp drop in bond yields. The rebound continued in pre-market trade on Thursday.

The company opened more than 800 stores in the last quarter, increasing traffic and sales.

The Bank of England was expected Thursday to keep its interest rate on hold for a second successive meeting, as Britain battles stubbornly high inflation and weak economic growth.

The company said the economy and geopolitics may impact travel in the fourth quarter.