UBS to pay $1.4 billion for selling toxic mortgages prior to the Great Recession
The Justice Department announced on Monday that UBS has agreed to pay $1.4 billion in penalties for allegedly defrauding investors by selling mortgage-backed securities that blew up during the Great Recession.
2023-08-15 01:53
Here Are Javier Milei’s Proposals for Argentina
From ditching the struggling peso to eventually eliminating Argentina’s central bank, outsider presidential candidate Javier Milei has vowed
2023-08-14 23:47
Near-Term Inflation Outlook at Lowest Since 2021 in Fed Survey
US consumers’ near-term inflation expectations declined in July for a fourth month, reaching the lowest level since April
2023-08-14 23:26
PayPal Names Intuit’s Alex Chriss CEO, Replacing Schulman
PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on
2023-08-14 23:23
Argentina to Devalue Peso by 18% to 350 Per Dollar, Official Says
Argentina devalued the official peso about 18%, an admission by the government that it ran out of options
2023-08-14 23:00
Amazon Loses Key Backer Four Years Into Plan to Eliminate Carbon Emissions
Four years into a plan to eliminate its carbon emissions, Amazon.com Inc. has lost a key endorsement from
2023-08-14 22:49
China Passes Greece as Top Shipowning Nation by One Key Metric
China surpassed Greece as the world’s largest shipowner for the first time in one important metric, cementing its
2023-08-14 21:24
Dog-Loving, Central-Bank-Hating Economist Upends Argentine Polls
Javier Milei began and ended his victory speech shouting “Long live freedom, dammit!” and proceeded to thank his
2023-08-14 21:19
Hedge Funds Prepare for Legal Battle With SEC Over Fee Disclosures
Hedge funds and private equity firms are laying the groundwork for a legal clash with the US Securities
2023-08-14 20:57
Schwab Says TD Ameritrade Deal Spurring Retail, Advisory Attrition
Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition
2023-08-14 20:46
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik Target is expected to post its first quarterly drop in revenue in about six years
2023-08-14 20:26
India’s July Trade Gap Widens as Weak Demand Drags Exports
India’s trade deficit widened last month as exports and imports stayed weak on slowing demand. The gap between
2023-08-14 19:56