EU Plans to Tighten Scrutiny of Banks' Loan Provisioning Standards
The EU's banking watchdog warned on Friday that banks would face challenges from regulators for their improper use of an accounting regulation.
Nov 17, 2023 10:30 AM EST
Burberry's Luxury Charm Wanes as Shares Sink 9% Reflecting Spending Slowdown
As a result of the British luxury apparel retailer Burberry's warning that full-year operating profit will come in at the low end of estimates due to a global slowdown in luxury spending, the company's shares fell 9% on Thursday.
Biden Signs Stopgap Funding Bill, Buying Time for Long-Term Spending Agreement
President Biden has signed the bipartisan short-term funding package, which will keep the government running and functioning until early 2024.
GM and UAW Reach Tentative Agreement, Averting Strike and Ensuring Labor Peace
Members of the United Auto Workers union have voted in favor of a new contract that might put an end to a protracted labor battle and a string of severe strikes.
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Inflation Eases as Supply Chains Smooth, Workforce Expands and Housing Market Cools
Inflation in the United States may be slowly returning to pre-pandemic levels. Long beyond its unpleasant peak, inflation in the United States may be slowly returning to pre-pandemic levels, without the need for further Federal Reserve interest rate rises.
Nov 15, 2023 8:50 PM EST
Truth Social On the Brink of Collapse as Losses Mount
The statement also included a warning that Trump Media's own management is concerned about the firm's capacity to pay for its liabilities and to satisfy its responsibilities to lenders.
Nov 15, 2023 7:29 AM EST
Disney's $40 Billion Impact in Florida Faces Uncertainty Amidst Legal Battle
Disney issued a report on Tuesday that estimated its economic effect in Florida at $40.3 billion, as the business battles Florida Gov. Ron DeSantis and his appointees
Nov 14, 2023 9:25 PM EST
US Treasure Secretary Yellen Urges APEC Finance Ministers to Embrace Sustainable Growth Strategies
U.S. Treasury Secretary Janet Yellen urged the finance ministers of the Pacific Rim to increase their economies' potential for productivity.
Nov 14, 2023 6:40 AM EST
David Cameron's Return Stirs up Memories of Greensill Financial Controversy
Dive into the Greensill financial scandal, encompassing David Cameron's involvement, the collapse of Greensill Capital, Credit Suisse's losses, GFG Alliance's loan, and ongoing investigations, revealing the intricate fallout and controversies.
Nov 14, 2023 5:45 AM EST
JP Morgan ESG Head Urges Governments to Do More to Support Green Tech
Umunna also stated that the transition to a greener, lower-carbon economy presents a big opportunity for banks like JP Morgan.
Nov 13, 2023 7:50 PM EST
Emirates Makes Massive Aircraft Purchase from Boeing, Boosting U.S. Jobs
Emirates kicked off the Dubai Air Show, demonstrating how aviation has recovered from the coronavirus epidemic despite Israel's conflict with Hamas casting a shadow over regional stability.
Nov 13, 2023 10:30 AM EST
Zelle Finally Reimburses Customers for Imposter Scams
Banks using the payment app Zelle have started compensating victims of imposter frauds in response to worries about consumer protection expressed by US politicians and the federal consumer watchdog.
Nov 13, 2023 10:05 AM EST
EU Makes Significant Financial Commitment to COP28 Climate Damage Fund
The European Union would contribute financially in a "substantial" amount to a new worldwide fund that addresses the devastation brought about by climate change.
Nov 13, 2023 8:01 AM EST
New Poll Shows More Than 57% Americans Are Not Tipping Enough
According to a recent survey, a large number of Americans undertip their waiters. According to a recent survey, a large number of Americans undertip their waiters.
Nov 13, 2023 12:01 AM EST
Cybersecurity Disruption: ICBC's U.S. Arm Faces Ransomware Attack, Temporarily Affects Treasury Market
ICBC, China's largest commercial lender, faces a ransomware attack that disrupts the U.S. Treasury market.
Nov 11, 2023 11:03 AM EST
Cleveland Fed President Loretta Mester Announces Retirement in 2024, Marking Shift in Leadership Dynamics at the Federal Reserve
Cleveland Fed President Loretta Mester, set to retire in 2024. Renowned for her unwavering stance on inflation, Mester leaves a significant imprint on the Federal Reserve's approach to monetary policy.
Nov 11, 2023 10:54 AM EST
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