Finance & Economics - page 13

News

Big Banks Sue Fed Over Annual Stress Tests

In the United States, a group of banks and business groups are suing the Federal Reserve as part of an annual banking stress test.

News

S&P 500 Rises 1% on Christmas Eve

In the United States, the stock market experienced an upward dynamic on Christmas Eve.

News

Retailer Party City Files for Bankruptcy

Retailer Party City, which has been facing difficulties since the coronavirus pandemic, filed for Chapter 11 bankruptcy protection in the United States last weekend for the second time in two years.

News

Nordstrom to Go Private

Nordstrom, the luxury department store chain, announced on Monday, December 23, that it would become a private company after it agreed to a buyout deal valued at approximately $6.25 billion from Nordstrom’s founding family and Mexican department store El Puerto de Liverpool.

News

Fed’s Beth Hammack Says Economic Strength Argues Against Rate Cut

Federal Reserve Bank of Cleveland President Beth Hammack said this week she voted against cutting interest rates by the United States financial regulator, as the strengthening of the US economy and inflation outlook do not indicate expediency of further easing of monetary policy.

News

China Keeps Benchmark Lending Rates Steady

Last Friday, December 20, the People’s Bank of China decided to keep its main benchmark lending rates at the same level, as the Asian country is currently facing the challenge of bolstering economic growth while backstopping the weakening yuan.

News

Wells Fargo Leaves Climate-Banking Group

Wells Fargo & Co., one of the largest financial institutions in the United States, has announced that it is leaving the world’s largest banking climate alliance.

News

Morgan Stanley Reportedly Predicts Favorable Environment for Lenders in 2025

The media published information according to which Morgan Stanley upgraded its rating and price targets for shares of several credit card companies and lenders.

News

Bank of England Holds Rates

The Bank of England on Thursday, December 19, as part of its last monetary policy meeting this year, decided to keep interest rates at the same level.

News

Indian Startups Raise 6% More This Year, With Funding Rounds Getting Scarcer

In 2024, Indian startups experienced a 32% decline in funding rounds compared to the previous year, although the aggregate funding amount itself grew by 6%.

News

India’s GDP Growth Slumps to 5,4%

Indian economy is experiencing a noticeable decline, with economic growth falling to a seven-quarter low level.

News

UniCredit Raises Stake in Commerzbank

Italian UniCredit SpA increased its holding in German Commerzbank AG to about 28%.

News

Fed Cuts Interest Rates by Quarter Point

On Wednesday, December 18, Federal Reserve officials made the third decision in the current year to cut their benchmark interest rate, but at the same time decreased the scale of expectations for continued monetary easing next year.

News

UK Inflation Demonstrates Growth

In the United Kingdom, inflation showed an increase in November, reaching 2.6%.

Articles

FXGiants, a CFD Broker, Expands Trading Accounts to Include Zero-Commission, Zero-Spread Options

In a recent announcement, FXGiants, a known CFD broker in the field, has introduced a notable update for its clients. The company has launched new trading account options that come with zero commissions and zero spreads. This move aims to offer both new and experienced traders a cost-effective way to engage with the financial markets. […]

News

US Economy Faces Threat of Negative Scenario Amid Donald Trump’s Tariffs

Jamie Dimon, chief executive officer of JPMorgan Chase, the largest financial institution in the structure of the United States banking sector, has repeatedly made some kind of warning statements over the past year that the US economy faces a high level of risk that a negative stagflation scenario will be implemented in its space, repeating […]

Finance & Economics