Banking
- Stock Market
Risk of government shutdown soars as House Republicans leave town in disarray amid hard-right revolt
WASHINGTON — With House Speaker Kevin McCarthy’s latest funding plan in ruins and lawmakers leaving town for the weekend, there’s no endgame…
Read More » - Stock Market
Zelensky returns to Washington — where some Republicans have turned against aiding Ukraine’s effort to expel Russian invading force
WASHINGTON (AP) — Ukrainian President Volodymyr Zelensky returns to Washington on Thursday for a whirlwind single-day visit, this time to…
Read More » - Stock Market
Block’s stock has been a laggard lately. Will management shakeup provide a needed jolt?
Block Inc.’s stock has been a sizable laggard this year, and now it’s losing the leader of a critical business…
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Why the Fed’s next decisions on rates could lead to a wave of commercial-debt defaults
Getting staff back to the office is only part of the battle. Regional banks that went big lending on office…
Read More » - Europe
Société Générale to halve oil and gas production by 2025
In addition to the 2025 target, the bank said it plans to cut its upstream oil and gas exposure by…
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Powell could still hammer U.S. stocks on Wednesday even if the Fed doesn’t hike interest rates
The past six weeks have left investors with more questions than answers about the outlook for U.S. monetary policy and,…
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Paid off your mortgage? Be careful — you’re at risk of title theft.
Homeowners may be thrilled when they finally pay off their mortgage, but the accomplishment comes with risks. Retirement Tip of…
Read More » - Stock Market
Household income rose in just 5 states last year. Is your state one of them?
American workers are feeling the pinch. The median annual household income in the U.S. was $74,755 in 2022, a 0.8%…
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Stocks are trapped in a trading range. Something’s got to give.
The U.S. stock market, as measured by the S&P 500 Index SPX, is trapped in a trading range, and volatility…
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When will inflation cool to the Fed’s 2% target? By late next year, says JP Morgan strategist.
Inflation is likely to fall below the Federal Reserve’s 2% annual target by late next year, according to David Kelly,…
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