Economy
Stock Market Soars as Consumer Mood Sinks: Not a Paradox
The S&P 500 hits all-time highs while consumer sentiment plummets. This apparent contradiction is explained by equity ownership disparity and market-cap weighting.
The Editorial Team 1080 articles
World Business
US Sanctions China Refinery, 40 Shippers Over Iranian Oil
The Trump administration has sanctioned a major China-based oil refinery, Hengli Petrochemical, and 40 shipping companies for transporting Iranian crude, escalating economic...
Investing
US Ends Russian, Iranian Oil Waivers Amid Geopolitical Tensions
Treasury Secretary Scott Bessent confirms the U.S. will not renew waivers for Russian oil at sea or Iranian oil, citing a blockade...
Investing
Activist Investor TCIM Urges Voya Financial to Explore Sale
Hedge fund Toms Capital Investment Management (TCIM) is reportedly pressing Voya Financial to consider selling its pension and insurance products business, according...
Investing
Mexinol Breaks Ground on Low-Carbon Methanol Hub in Topolobampo
The Pacífico Mexinol project has begun its pre-construction phase with a symbolic groundbreaking in Topolobampo, Mexico, marking a major investment in blue...
Stocks
Union Pacific Profit Rises 5% as Merger Case Builds
Union Pacific's first-quarter earnings climbed 5% to $1.7 billion, as the railroad bolsters its case for an $85 billion acquisition of Norfolk...
Investing
US Treasury: Better Identity is Key to Smarter AML
The US Treasury Department is emphasizing enhanced digital identity verification as crucial for modernizing anti-money laundering (AML) efforts, aiming to cut through...
Finance
US Mortgage Rates Decline for Third Consecutive Week
Average long-term U.S. mortgage rates have fallen for the third week in a row, reaching 6.23%. This easing of borrowing costs coincides...
World Business
Fraudsters Exploit Trust Signals in Digital Identity Attacks
Cybercriminals are shifting tactics from faking documents to manipulating the data signals financial institutions rely on for identity verification, forcing a rethink...