ETFs set to overtake mutual funds as passive vehicle of choice
The mutual fund industry is poised to lose its crown as the dominant passive investment vehicle, with the non-active exchange traded fund sector on...
EXCLUSIVE Banker behind report alleging HSBC racism resigns over lack of support
The author of a report alleging institutional racism inside HSBC (HSBA.L) has resigned, citing frustration at its response to some of his criticism and a lack...
Extra unemployment benefits to end for 7.5M workers in September
Millions of Americans are poised to lose their unemployment benefits in one month's time, as the massive safety net that Congress put in place in the...
Biden sets electric vehicle target in drive to cut emissions
Joe Biden ramped up his climate change policies on Thursday by signing an executive order calling for half of all new vehicles sold in...
Key Fed official sees rates liftoff in 2023 as policy debate heats up
The contours of debate within the U.S. central bank over when to dial back support for the economy burst into the open on Wednesday...
How to Set Up a Power of Attorney
When it comes to a power of attorney document, you don't seem to need it – until you suddenly, desperately do.
Designating a power of attorney is...
StanChart restores payouts but income drop signals challenges ahead
Standard Chartered PLC (STAN.L) reported a higher than expected 57% jump in first-half profit and $350 million worth of shareholder payouts, but a fall in revenue...
State exits from unemployment programs help raise $53 billion for infrastructure
States’ early withdrawals from federal unemployment programs in recent weeks are helping Senate lawmakers finance upgrades to the nation’s infrastructure, according to legislative text unveiled Sunday.
Twenty-six states,...
Biden administration extends eviction freeze: What to do if you’re struggling to make payments
The Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA) each announced Friday that their coronavirus pandemic-driven eviction moratoria, which protect homeowners and renters...
Biden wants U.S automakers to pledge 40% electric vehicles by 2030 -sources
The White House has told U.S. automakers it wants them to back a voluntary pledge of at least 40% of new vehicles sales being...