US stocks hold steadier after inflation data, even as IBM plunges
NEW YORK (AP) — Stocks are holding steadier Tuesday after a report showed U.S. inflation was not as…
Oil prices jump more than 2% and world shares are mixed
BANGKOK (AP) — Oil prices jumped and world shares were mixed on Monday after the U.S. carried out…
Workers need to labor for 200 years to make what their CEO made in one, AP survey finds
NEW YORK (AP) — The typical CEO compensation package rose nearly 6% in 2025 to $17.7 million, as…
Fed projects one rate cut this year as Powell vows to stay on until DOJ investigation is finished
WASHINGTON (AP) — The Federal Reserve kept its key interest rate unchanged Wednesday and Chair Jerome Powell highlighted…
Why China’s path to ‘financial superpower’ status could begin in Hong Kong
When Wilson Chan Fung-cheung joined Hong Kong’s banking industry as a foreign-exchange trader more than four decades ago,…
Citigroup’s hedge fund clients sold the dollar around Supreme Court tariff ruling
LONDON, Feb 24 (Reuters) – Citigroup’s hedge fund clients sold the dollar around Friday’s U.S. Supreme Court ruling…
China moves to curb auto price wars after sales sink
HONG KONG (AP) — China moved on Thursday to curb a fierce price war among automakers that has…
China expands oversight of major banks amid property sector risks
China has expanded its list of domestic systemically important banks (D-SIBs) – institutions subject to tighter regulatory standards…
As Trump’s deadline for a cap on credit card rates looms, banks have only questions and no answers
NEW YORK (AP) — President Donald Trump a week ago told the credit card industry it had until…
Banks Say U.S. Consumers Remain Resilient Despite Economic Pressures
Bank of America expects further economic growth this year. – Michael Bucher/WSJ American consumers continued to spend and…