Wall Street Today | Fed officials preparing to lift interest rates by another 0.75 percentage point

Federal Reserve officials have signaled they are likely to raise interest rates by 0.75 percentage point later this month, for the second straight meeting, as part of an aggressive effort to combat high inflation. Fed Chairman Jerome Powell has said he can't guarantee the central bank will be able to bring down inflation without a recession.
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Of the 7% of $標普500指數 (.SPX.US)$ companies that have reported so far, 60% have beaten earnings expectations, below the average of 77% over the past five years, according to FactSet. Since the end of March, analysts have lowered their quarterly profit growth estimates to 4.2% from 5.9%.
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Before the $特斯拉 (TSLA.US)$ CEO's billion-dollar battle over $Twitter (Delisted) (TWTR.US)$, another fight broke out over how his charitable giving should be managed. Ex-professional gambler Igor Kurganov became a top Musk adviser on giving his fortune away. Jared Birchall, his wealth manager and key player in financing the bid for Twitter, wanted him out.

$波音 (BA.US)$ commercial airplanes chief Stan Deal said Sunday the manufacturer was "very close" to resuming 787 Dreamliner deliveries after a nearly two-year pause. Mr. Deal said the regulatory process to win approval for resolving various production defects with the wide-body jets was close to finished.

$星巴克 (SBUX.US)$ has asked its adviser Houlihan Lokey to assess interest for its UK operations, the Times reported Saturday. A Starbucks spokesperson told Bloomberg it "is not in a formal sale process for the company's UK business."