Inflation has eroded U.S. households' financial security, Fed survey shows
(Reuters) -The inflation wave that crested at a 40-year high last year and remains elevated has eroded U.S. households' sense
2023-05-22 23:21
Economists: US can weather ongoing crises, but recession remains on the table
US business economists are optimistic that the banking and debt ceiling turmoil won't turn into full-blown crises; however, a majority of them also believe a recession is still in the cards — although likely starting later than previously thought, according to a new survey released Monday.
2023-05-22 12:53
Morgan Stanley CEO succession underscores Wall Street's diversity gap
By Ross Kerber and Simon Jessop The absence of women from the slate of potential Morgan Stanley CEO
2023-05-21 19:28
G7 Summit: Africa seeks new role as nations eye its resources
As wealthy nations compete, Africa wants to keep more of the benefits from its natural resources.
2023-05-20 07:53
JPMorgan, ex-executive spar in court over responsibility for Epstein
NEW YORK A federal judge said on Friday he would decide by the end of the month whether
2023-05-20 04:55
Morgan Stanley's Aussie CEO Gorman transformed bank, deal by deal
By Lananh Nguyen NEW YORK When James Gorman made one of the biggest announcements of his career on
2023-05-20 04:55
Disney's fight with DeSantis masks a bigger problem: Its business is struggling
Disney's battle with Florida's Republican governor and soon-to-be presidential contender, Ron DeSantis, is playing out like a reality TV show. And while Disney's tactical maneuvering — most recently, abandoning a $1 billion office project near Orlando — has dominated headlines, that partly overshadows a less-cinematic reality: Disney's business is struggling.
2023-05-20 02:57
Instant view: Morgan Stanley CEO Gorman plans to step down
NEW YORK Morgan Stanley CEO James Gorman told shareholders Friday that the company will likely appoint its next
2023-05-19 21:59
Morgan Stanley CEO Gorman expects succession to occur within the next 12 months
(Removes reference to Chief Operating Officer Jonathan Pruzan, who left the firm) NEW YORK (Reuters) -Morgan Stanley CEO James Gorman
2023-05-19 21:24
Turkey's Erdoğan vows to keep cutting rates to fight inflation if re-elected
Turkey's President Recep Tayyip Erdoğan has promised to continue with his unorthodox policy of cutting interest rates to reduce sky-high inflation if he is re-elected on May 28.
2023-05-19 18:53
Turkish banks restrict credit access amid pre-runoff uncertainty
By Nevzat Devranoglu and Ebru Tuncay ANKARA Turkish banks have restricted access to some individual loans and postponed
2023-05-19 18:22
Turkey's net FX reserves hit 21-year low of $2.3 billion before vote
ANKARA The Turkish central bank's net international reserves dropped some $4.45 billion to a 21-year low of $2.33
2023-05-19 18:17