Interest rates to remain higher for longer, Fed indicates; anger as Shell beats profit forecasts – business live

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Interest rates to remain higher for longer, Fed indicates; anger as Shell beats profit forecasts – business live - short news

Rolling coverage of the latest economic and financial news

US Federal Reserve holds interest rates steady as inflation ticks up

Energy giant Shell has beaten City expectations this morning by reporting adjusted earnings of $7.7bn for the first quarter of 2024.

Shell’s earnings were lower than a year ago – it made a bumper $9.6bn in Q1 2023 – but well above analyst predictions of $6.5bn.

“Shell delivered another quarter of strong operational and financial..

Read more on The Guardian

source: The Guardian - 02.05.2024