Allianz US Unit Ordered to Pay $6 Billion in Securities Fraud Case
A New York judge ordered a unit of Allianz SE to pay about $6 billion as punishment for
2023-07-13 03:55
Wall Street Overhauls Euro Calls After Dollar Slide Upends Bets
Wall Street strategists are rejiggering their currency recommendations after the euro rose to its highest against the US
2023-07-13 03:55
Inflation just fell when rate hikes were paused. So why should the Fed keep hiking?
Inflation cooled for the 12th consecutive month in June, moving to 3% from 4% in May, according to the latest Consumer Price Index data from the Labor Department.
2023-07-13 03:52
Biden wants voters to notice inflation drop. Republicans say people are put off by everyday prices
The politics of inflation took a sharp turn with a new report showing consumer prices rose at the slowest pace since the early months of Joe Biden’s presidency
2023-07-13 03:46
Explainer-Auto industry on tenterhooks as UAW kicks off talks with 'Detroit Three'
By Nathan Gomes The United Auto Workers (UAW) union will start contract talks with the Detroit Three automakers
2023-07-13 02:48
What is flood insurance, and why do you need it?
Highlands, New York, was underwater and under a state of emergency as devastating floods swept the area this weekend. Gov. Kathy Hochul warned of "life-threatening flooding," and nearby West Point saw a 1-in-1000-year rainfall on Sunday afternoon, totaling nearly eight inches in six hours. Some drivers swam out of their cars to safety, and 13,000 homes lost power.
2023-07-13 02:30
Fed’s Beige Book Shows Uptick in Economy But Warns of Slowing
The US economy showed an overall increase in activity since late May, though most regions expect the pace
2023-07-13 02:28
Trafigura Proposed Fake Nickel Deals, Says Man It Blames
The man accused by Trafigura Group of being behind a $590 million nickel fraud finally responded to the
2023-07-13 02:26
Options hedges against a break in US stock market calm at record high
By Saqib Iqbal Ahmed NEW YORK Options traders are taking advantage of muted U.S. stock market gyrations to
2023-07-13 02:19
Harris Convenes AI Meeting With Labor, Civil Rights Leaders
Vice President Kamala Harris convened a group of civil rights and labor leaders Wednesday to discuss the field
2023-07-13 02:18
With an Eye on 2024, Biden Touts Successful NATO Summit
President Joe Biden said the fate of democracy would be determined by decisions made by the US and
2023-07-13 02:16
Will cooling inflation help sell Bidenomics?
This weird post-pandemic, inflation-addled economy has been scrambling preconceived notions for years. And it is with that background that anyone should read this unquestionably good economic news: Inflation is unquestionably cooling.
2023-07-13 01:52