First Republic hit with 1,000 job cuts after California bank was seized and sold to JPMorgan
About 1,000 employees of First Republic Bank are being let go about a month after it was seized by regulators and acquired by JP Morgan Chase
2023-05-26 23:22
Crash of private Japanese moon lander blamed on software, last-minute location switch
A Tokyo company whose lunar lander slammed into the moon says a software issue and a last-minute switch in the touchdown location led to the crash
2023-05-26 23:18
Euro-Zone Crawl Toward 2% Inflation Keeps ECB in Rate-Hike Mode
Euro-zone inflation data next week will probably show frustratingly slow progress toward the European Central Bank’s 2% target,
2023-05-26 23:15
OpenAI boss downplays fears ChatGPT maker could leave Europe over AI rules
OpenAI CEO Sam Altman is downplaying worries that the ChatGPT maker could exit the European Union if it can’t comply with the bloc’s strict new artificial intelligence rules
2023-05-26 22:59
US Long-Term Inflation Expectations Retreat From 12-Year High
US long-term inflation expectations retreated in May from earlier in the month, but consumer sentiment remained lower amid
2023-05-26 22:52
UK's Treasury chief accepts that recession may be necessary to get inflation down
Britain’s Treasury chief says he would be prepared to see the British economy slip back into recession if further interest rate hikes are necessary to bring down inflation
2023-05-26 21:56
Russian central bank plays down impact of foreign company exits
By Elena Fabrichnaya and Alexander Marrow MOSCOW Only five transactions involving foreign companies selling assets in Russia since
2023-05-26 21:51
Stock market today: Tech lead more gains in early trading on Wall Street
Stocks are opening higher on Wall Street, led by more gains in technology stocks as another chipmaker reported strong demand related to artificial intelligence
2023-05-26 21:48
After yearslong delay, DEA revokes license of wholesale drug distributor over opioid crisis failures
The U.S. Drug Enforcement Administration has stripped one of the nation’s largest pharmaceutical distributors of its license to sell highly addictive painkillers after determining it failed to flag thousands of suspicious, high-volume orders at the height of the opioid crisis
2023-05-26 21:26
Instant view: Stubborn US April PCE inflation revives focus on June Fed hike
NEW YORK U.S. consumer spending increased more than expected in April, boosting the economy's growth prospects for the
2023-05-26 21:16
US core capital goods orders unexpectedly rebound in April
WASHINGTON New orders for key U.S.-manufactured capital goods unexpectedly rebounded in April, raising cautious optimism that business spending
2023-05-26 21:15
Mexican economy grew for sixth consecutive quarter in Q1
Mexico's economy grew for the sixth quarter in a row in the first quarter, data from Latin America's
2023-05-26 21:15