Top Fed official proposes higher capital limits for larger banks
Federal Reserve Vice Chair for Supervision Michael Barr said Monday he is proposing stricter bank capital requirements in light of three major US bank failures earlier this year.
2023-07-10 23:28
Modelo tops Bud Light in sales for the second month in a row
Mexican-made Modelo Especial is the top-selling beer in the United States for the second straight month, once again snatching the crown from Bud Light.
2023-07-10 23:15
How the Fed's new instant money program could lead to another regional banking crisis
FedNow is coming...now-ish. And that means money transfers are expected to get a whole lot faster.
2023-07-10 20:26
PGA Tour board member quits over 'serious concerns' with Saudi deal
Former AT&T CEO Randall Stephenson has resigned from his post on the influential policy board of the PGA Tour in protest to the proposed merger with Saudi-backed LIV Golf.
2023-07-10 20:25
Senator Chuck Schumer calls for FDA investigation into high caffeine content of Prime Energy drinks
Senate Majority Leader Chuck Schumer has called on the US Food and Drug Administration to investigate the high caffeine content of Prime Energy drinks, which he claims are being targeted to children as "one of the summer's hottest beverages for kids."
2023-07-10 18:54
How much did Jack Ma's speech cost Ant Group? About $230 billion
Ant Group has announced a share buyback that values it at $78.5 billion, which is about $230 billion or 75% less than the valuation it fetched nearly three years ago, before its IPO was yanked by Chinese regulators.
2023-07-10 18:27
Rheinmetall will build and repair tanks in Ukraine, says CEO
Rheinmetall will open an armored vehicle plant in Ukraine within the next 12 weeks, shrugging off concerns other Western defense companies reportedly have about building a presence in the country while it is at war with Russia.
2023-07-10 17:54
Can AI save commercial real estate in San Francisco?
Tech companies and commercial real estate firms say they see bright spots in San Francisco's economy as AI firms drive office leasing demand.
2023-07-10 16:20
Thames Water secures $962 million from investors but says it will need more
Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government.
2023-07-10 15:51
What to stream this week: 'Asteroid City,' Lukas Nelson, 'Quarterback' and 'Secrets of Playboy'
This week’s new entertainment releases include albums from Lukas Nelson and Kool & The Gang, the return of the silly, witty, Emmy-nominated comedy “What We Do in the Shadows” and Wes Anderson’s stylish and star-studded “Asteroid City” comes to premium video on demand
2023-07-10 00:21
Could the June CPI report change the Fed's rate trajectory?
After the June jobs report showed a cooling but still-hot picture of the labor market, investors are looking to a key inflation report due Wednesday for more clues on the economy's health. But some investors say the results will likely do little to sway the Federal Reserve's interest rate trajectory.
2023-07-09 19:58
Y2K fashion has taken over. And Gen Z is loving it
What comes to mind when you hear the phrase Y2K
2023-07-09 14:29