Markets
Warsh’s Fed Tenure: Independence Under Scrutiny
Kevin Warsh's confirmation as Federal Reserve chair was marked by controversy, raising questions about his independence from President Trump.
Markets
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Finance
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Finance
Claude AI: Strengths and Weaknesses for Financial Professionals
AI chatbot Claude outlines its capabilities and limitations for financial professionals, emphasizing its utility in data transformation and stress-testing, while cautioning against...
Finance
Judge Signals Approval for Visa, Mastercard $38 Billion Swipe Fee Deal
A judge has granted preliminary approval to Visa and Mastercard's $38 billion settlement, potentially ending a two-decade dispute over swipe fees.
Finance
Wells Fargo CFO Projects NII Growth, Confirms $50 Billion Goal
Wells Fargo CFO Mike Santomassimo forecasts a Q2 net interest income increase and reaffirms the bank's full-year NII target of $50 billion,...
Finance
US Home Sales Rebound Despite Higher Rates, Record Prices
Sales of previously occupied U.S. homes accelerated in May to their fastest pace this year, marking a sharp turnaround despite rising mortgage...
Finance
Big Banks Explore AI Compute Trading Market
Goldman Sachs and JPMorgan are investigating entry into the nascent compute trading market, focusing on GPU rental price futures.
Finance
Bank Workforce Unease Deepens as CEOs Discuss AI Cuts
Bank workers, including those in higher-level roles, feel increasingly "unmoored" by CEO discussions of AI-related job cuts, according to a recent Bloomberg...
Stocks
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Stocks
Skillsoft Projects $388M-$406M Revenue for FY2027
Skillsoft outlines FY2027 revenue projections of $388M-$406M, emphasizing Global Knowledge divestiture and debt refinancing.
Stocks
Apotex IPO Raises C$1.3 Billion, Canada’s Largest Since 2021
Apotex Health Corp. and its backers secured C$1.3 billion ($932 million) in a Toronto IPO, pricing shares at the top end of...
Stocks
Designer Brands Foresees Q2 Sales Stability, Full-Year EPS Optimism
Designer Brands Inc. anticipates Q2 sales to be flat to slightly up, with full-year EPS trending towards the high end of its...
Stocks
Anfield Energy Stock Hits Oversold Territory, RSI at 27.7
Anfield Energy Inc. (AEC) shares entered oversold territory on Tuesday, with its Relative Strength Index (RSI) hitting 27.7, signaling potential selling exhaustion.
Economy
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Economy
Strait of Hormuz Standoff: Who Blinks First?
A dangerous game of endurance is unfolding in the Strait of Hormuz, with Iran betting on its sanctions-hardened economy and the US facing rising oil prices and inflation.
World Business
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World Business
Russia’s Gold Output Claims Contested by Independent Market Data
Official Russian statements on record gold production diverge sharply from independent estimates, raising questions about transparency in the sector post-sanctions.
World Business
EU Agrees to Ratify US Trade Deal Amid Trump Tariff Threat
The EU Parliament and Council have agreed to ratify a US trade pact after five-hour talks, responding to President Trump's threat of...
World Business
India Deepens Venezuela Oil Ties, Modi Meets Rodriguez
Indian Prime Minister Narendra Modi met Venezuela's acting President Delcy Rodriguez to strengthen energy cooperation, making Venezuela India's third-largest crude supplier.
World Business
Eurogroup Chief Urges Multilateralism After G7 Talks
Eurogroup President Kyriakos Pierrakakis emphasized a multilateral approach as essential for Europe and the 21-member euro area following G7 finance meetings in...
World Business
UK Regulator Freezes Euro Exchange Securities on Financial Crime Fears
The UK's FCA has blocked Euro Exchange Securities from providing payment services, citing serious concerns over financial crime risks and systemic weaknesses.
World Business
G7 Ministers Confront Global Economic Headwinds in Paris
G7 finance ministers and central bankers convene in Paris amidst escalating global economic threats, including the US-Iran conflict, bond market volatility, and...
Investing
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Investing
Widow Distressed by Nine-Month Pension Delay
A widow is experiencing significant distress due to a nine-month delay in receiving her late husband's civil service pension, administered by Capita.
Investing
Social Security Fund Faces 2032 Depletion, 22% Benefit Cut Looms
Social Security's trust fund is projected to run out by 2032, potentially triggering a 22% automatic cut in monthly benefits if Congress...
Investing
From NBA Draft Hopeful to ‘Money Whisperer’ for Athletes
Joe McLean, MAI Capital's sports & entertainment managing partner, details his pivot from a basketball career to managing finances for top athletes.
Investing
VeriSilicon Boosts AV2 Adoption in New Video, Streaming Tech
VeriSilicon's VC9800D VPU IP now supports AV2 decoding, enhancing video compression for next-gen applications and driving commercial adoption.