Economy – Page 67 – ReportWire

McDonald’s closes corporate offices ahead of expected layoffs

[ad_1] McDonald’s closes corporate offices ahead of expected layoffs – CBS News Watch CBS News McDonald’s temporarily closed corporate offices across the U.S. ahead of expected...

World News2 years ago

Carmaker Tesla ordered to pay $3.2m in US racial bias lawsuit

[ad_1] The multimillion-dollar award is significantly less than previously awarded in the case, brought by a former employee. The electric vehicle manufacturer Tesla has been ordered...

Finance2 years ago

Here’s what OPEC’s shock oil production cuts mean for U.S. gas prices

[ad_1] Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries would cut their output of crude oil, potentially pushing...

Business2 years ago

Janet Yellen says OPEC+ production cut is an ‘unconstructive act’

[ad_1] U.S. Secretary of the Treasury Janet Yellen delivers opening remarks during an event highlighting “anti-corruption work as a cornerstone of a fair, accountable, and democratic...

Banking2 years ago

Here’s how banks fail

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email The recent collapse of Silicon Valley Bank, Signature Bank and Credit Suisse...

Banking2 years ago

‘SVB’s failure could and should have been prevented’: Experts argue for better regulation and supervision by the Fed

[ad_1] Like any other trusted institutions, banks are capable of failing. Over 550 banks have collapsed since 2001, according to the Federal Deposit Insurance Corp. Nonetheless,...

Finance2 years ago

Bank survey shows Japan’s businesses turning pessimistic

[ad_1] TOKYO — Business sentiment among big Japanese manufacturers worsened in the first quarter of this year in the fifth straight decline, according to a central...

World News2 years ago

Asia’s prices are rising. In the Philippines, they’re soaring

[ad_1] Manila, Philippines – Emelie Ann Ducabo, 57, a married mother and sales worker in Metro Manila, has been forced to become an expert in pinching...

Real Estate2 years ago

U.S. cities are filling up with luxury apartments despite ‘housing recession’

[ad_1] Scores of luxury homes are coming to major cities across the United States. Analysts at Yardi Matrix projected that more than 400,000 units were completed...

Banking2 years ago

BofA reports inflows into global stocks are on a record-setting pace — and ETFs may be a way to play the hot trade

[ad_1] There’s a corner of the market gaining traction among ETF investors, according to The ETF Store’s Nate Geraci. The firm’s president finds international ETFs are...

World News2 years ago

Sen. Elizabeth Warren says she wants to make banking boring again

[ad_1] Sen. Elizabeth Warren wants banking to be “boring” again following the failures of Silicon Valley Bank and Signature Bank. “What I want to do is...

Banking2 years ago

Inflation looks hard to pull down amid fast wage growth, says BNP’s Yelena Shulyatyeva

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Ethan Harris, head of global economics at Bank of America Global Research...

World News2 years ago

Key Fed inflation gauge rose 0.3% in February, less than expected

[ad_1] An inflation gauge the Federal Reserve follows closely rose slightly less than anticipated in February, providing some hope that interest rate hikes are helping ease...

Banking2 years ago

Inflation is like a marathon and we haven’t hit the hardest mile yet, says Diane Swonk

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Diane Swonk, chief economist at KPMG, joins ‘Squawk on the Street’ to...

Banking2 years ago

Watch CNBC’s full interview with KPMG’s Diane Swonk on state of U.S. economy

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Diane Swonk, chief economist at KPMG, joins ‘Squawk on the Street’ to...

Banking2 years ago

San Francisco Fed leader Daly likely not a major player in SVB saga, officials say

[ad_1] San Francisco Fed President Mary Daly, whose district saw the second-largest bank failure in U.S. history and who has become a target of criticism, would...

Banking2 years ago

It’s the U.S., not Europe’s banking system that’s a concern, top economists say

[ad_1] A cargo barge on the River Rhine near the European Central Bank (ECB) headquarters at sunset in the financial district in Frankfurt, Germany, Bloomberg |...

Banking2 years ago

SVB’s collapse is a symptom of how ‘bubble-prone’ the whole system is, author says

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Sebastian Mallaby, Paul A. Volcker senior fellow for international economics at the...

Banking2 years ago

‘Nationalizing bond markets’ left central banks unprepared for inflation, top HSBC economist says

[ad_1] One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in...

Banking2 years ago

No crisis repeats itself in exactly the same way, professor says

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email George Papaconstantinou, professor and dean at the European University Institute and former...