Heads of failed banks questioned on executive pay, how they handled risk at Senate hearing
Executives from two large U.S. banks that failed dramatically in March are appearing in front of the Senate Banking Committee on Tuesday to respond to questions about why their banks went under and what regulators could have done to avoid the calamities
2023-05-16 23:50
Retail sales up 0.4% in April, buoyed by solid job market and declining prices in some areas
Consumers picked up their spending modestly in April from March, particularly in dining out and online, buoyed by a solid job market and easing inflationary pressures
2023-05-16 23:50
Rain-swollen rivers flood some towns in north Italy; Venice prepares to raise mobile dike in lagoon
Rivers swollen by days of downpours have flooded some towns in northern Italy
2023-05-16 23:46
BlackRock to call staff back to office at least four days a week - memo
BlackRock Inc, the world's largest asset manager, has asked its staff to return to office at least four
2023-05-16 23:23
EU countries adopt law banning products which fuel deforestation
The 27 European Union countries have formally endorsed a law that should help the bloc reduce its contribution to global deforestation by regulating the trade in a series of goods
2023-05-16 22:59
ChatGPT's chief testifies before Congress as concerns grow about artificial intelligence risks
The head of the artificial intelligence company that makes ChatGPT is testifying before Congress as lawmakers call for new rules to guide the rapid development of AI technology
2023-05-16 22:56
Stellantis recalls nearly 220,000 Jeep Cherokee SUVs worldwide due to fire risk
Stellantis is telling owners of nearly 220,000 Jeep Cherokee SUVs worldwide to park them outdoors and away from other vehicles because the power liftgates can catch fire even when the engines are off
2023-05-16 21:18
Retail sales up 0.4% in April from March, buoyed by solid job market, easing inflationary pressures
Consumers picked up their spending in April from March, buoyed by a solid job market and easing inflationary pressures
2023-05-16 20:54
Millennial Money: What’s concierge medicine? Is it worth it?
Concierge medicine, a business model in which patients pay a membership fee to have a direct relationship with a doctor — used to feel like something just for the well-to-do
2023-05-16 20:53
Lebanese central bank governor no-show in Paris corruption probe
Lebanon’s embattled central bank governor has failed to appear before French prosecutors in Paris, questioning him in the ongoing European money-laundering and illicit enrichment probe
2023-05-16 20:52
Union for Canada's second biggest airline says pilots issue 72-hour strike notice
The union for Canada’s second biggest airline have issued a 72-hour strike notice to WestJet and they warn the airline could be shut down before the weekend
2023-05-16 20:29
Stock market today: US futures point lower after shaky start to big retail week, sluggish China data
Wall Street is pointing lower after data showed China’s economy is weaker than expected, while Home Depot cut its profit and sales outlook for the year, signaling a pullback in spending by Americans strapped by inflation and anxious about a possible recession
2023-05-16 19:51