As U.S. inflation hits 31-year high, banks assess risks and opportunities
Wall Street banks are planning for a sustained period of higher inflation, running internal health checks, monitoring whether clients in exposed sectors could pay...
City Investing $1 Billion In 24 Affordable Housing Developments
The projects include a developer who wants to adaptively reuse a former Chicago Public School building for re-entry housing and a project that is...
SEC proposes changes to increase securities lending disclosure
The Securities and Exchange Commission has proposed rule changes designed to increase transparency of securities lending and borrowing transactions.
Under proposed Exchange Act Rule 10c-1,...
Companies with the most bitcoin on their balance sheets
MicroStrategy (MSTR) recently doubled down on bitcoin (BTC-US) by once more adding more of the cryptocurrency to its balance sheet. The analytics platform now...
GLOBAL MARKETS-Global stock benchmark at new high, dollar slips
Big tech shares edged higher on Friday, helping a benchmark world stock index post a sixth consecutive closing high, after a weak U.S. jobs...
Cash-out mortgage refis are back Here’s why it’s not like last time
Using the house as a piggy bank is back in vogue. American homeowners pulled equity from their homes via cash-out refinances in the third...
What labor shortage? Sam’s Club CEO says it has reached full employment
You probably won't be able to find much help shopping at Macy's this holiday season due to the ongoing crippling shortage of retail workers. But if...
Dem committee credits Biden for two-cent drop in gas prices despite year-long surge
The Democratic Congressional Campaign Committee (DCCC) thanked President Joe Biden on social media Thursday for a two cent drop in gas prices, even though...
September jobs report tipping point for economic recovery
September is shaping up to be a critical month for the fate of the U.S. economy as the labor market’s recovery and the Federal Reserve’s tapering...
Ida’s fury hits US oil production, gasoline supplies
U.S. Gulf Coast energy companies began damage reviews at offshore production facilities and started evaluating onshore power losses after Hurricane Ida caused devastation in...