Monetary policy in the United States continues to be appropriate, and interest rates will need to remain at current levels in order to "durably" reduce inflation, the International
The European Union's securities watchdog said on Thursday it had ordered top rating agencies to take action to ensure that their ratings of collateralised loan obligations (CLOs)
Global investment banks see the yuan facing continued downside pressure in the first half of 2024 before turning around over the following six months on views that the U.S.
Slowing trend growth in China means there are better investment opportunities in emerging markets outside the world's number two economy, senior executives at BlackRock Investment
Ex Millennium trader and founder of hedge fund Kintbury Capital, Chris Dale says he is short the British telecommunications company, BT.
A top U.S. banking regulator on Wednesday warned banks to manage the risks to consumers posed by increasingly popular "buy now, pay later" financing for retail spending, saying the service
Wall Street bank bosses warned lawmakers on the Senate Banking Committee on Wednesday that capital hikes and other new regulations being contemplated by U.S. bank regulators
U.S. private payrolls increased less than expected in November as the labor market gradually cools.
British businesses and households are coping so far with higher interest rates but there are risks ahead for the financial sector from higher borrowing costs and changes to
Global hedge funds sold more than bought equities for a third consecutive week last week, dumping shares mainly in consumer staples and financials, a BofA Securities note about
U.S. bank chiefs expressed more confidence in the economic outlook for 2024 after consumers and businesses showed surprising strength this year.
The U.S. services sector picked up in November amid an increase in business activity, although new orders remained flat and a gauge of input inflation dipped as the lagged effects of
Swedish pension fund Alecta said on Tuesday it had been appointed by a U.S. court to lead a class action against First Republic Bank aimed at recovering as much capital as
A look at the day ahead in U.S. and global markets from Mike Dolan As the S&P500 stalled on Monday at its high for the year, taking a breather from last week's 'peak rates' rally, smaller U.S. stocks
Jefferies Financial Group said on Monday it has set up an investment banking and capital markets unit in Canada, sticking to its plans to pursue an international expansion even as some of
Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com and Wall Street banks including Goldman Sachs to slash thousands of jobs in
German exports unexpectedly fell in October, edging down 0.2% on the previous month as demand in the European Union slumped, data from the federal statistics office showed on Monday
The benchmark S&P 500 index closed at its highest level of the year on Friday amid growing optimism the Federal Reserve was done raising U.S. interest rates and could begin to cut
The labels "dove" and "hawk" have long been used by central bank watchers to describe the monetary policy leanings of policymakers, with a dove more focused on risks to the labor market
Norway's $1.5 trillion sovereign wealth fund, the world's largest, said on Friday it has been appointed by a U.S. court to co-lead an ongoing U.S. securities class action relating to
Chicago Federal Reserve President Austan Goolsbee said on Friday he believes inflation is "on track" to reaching the U.S. central bank's 2% target, driven in coming months by what he
BNY Mellon will increase its minimum wage next year to $22.50 an hour from $20 and expand mental health benefits for employees, the bank said in a statement on Friday.
U.S. equity funds witnessed outflows in the week to Nov. 29, as investors booked profits after a strong rally and were cautious ahead of some key economic reports and earnings results.
Bank of Montreal reported a fall in its fourth-quarter profit on Friday, as higher provisions for potential credit defaults offset gains from a rise in its interest income.
Ex-Jaguars worker who stole $22M from team sues FanDuel, saying it preyed on his gambling addiction
October’s annular solar eclipse will create a ‘ring of fire’ over parts of South America
Latest CNN ‘Road to 270’ map sees small but consequential move in Harris’ direction
Christmas starts in Venezuela, but the festive mood is nowhere to be found
Cambodia says it would welcome US Navy at port expanded with China's help
Pope Francis, ahead of Vatican summit, asks pardon for abuse, treatment of women
Webb telescope reveals surprising details of Pluto's moon Charon
OpenAI introduces new tools for developers to fast-track building of AI models
Frank Fritz of the reality TV Show 'American Pickers' dies at 60
John Amos, star of ‘Good Times’ and ‘Roots,’ dead at 84
‘American Pickers’ star Frank Fritz dead at 60