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Spotlight

Japanese Manufacturing Sentiment Plummets to Two-Year Low

Japanese manufacturers’ sentiment has decreased for five consecutive quarters, reaching its lowest level in two years due to…

ByByStaff EditorApr 3, 2023

UBS to Cut Up to 30% of Jobs, Tages-Anzeiger Reveals

UBS is reportedly planning to cut 20-30% of its workforce, according to a senior UBS manager cited by…

ByByStaff EditorApr 2, 2023

Lawsuit Investigates JPMorgan’s Connections to Billionaires Sergey Brin and Jeffrey Epstein

Denise George has subpoenaed Sergey Brin and other billionaires in a civil lawsuit concerning JPMorgan Chase & Co’s…

ByByStaff EditorApr 1, 2023

Virgin Orbit Halts Activity, Reduces Workforce

Virgin Orbit, a satellite launch company, has announced that it will cease operations and lay off the majority…

ByByStaff EditorMar 30, 2023

Beijing Warms to Chinese Tech Giants After Trillion-Dollar Rout

Chinese tech giant Alibaba’s major reorganization is seen as a sign that the Chinese government may be easing…

ByByStaff EditorMar 30, 2023

Macy’s CEO Jeff Gennette to Retire After Successful Turnaround Effort

Macy’s CEO Jeff Gennette will retire next year, with Bloomingdale’s CEO Tony Spring taking over the role in…

ByByStaff EditorMar 29, 2023

Twitter’s Value Plummets: Evidence from Leaked Emails

An email leaked by Sky News host Sharri Markson has revealed that Twitter’s value may have decreased by…

ByByStaff EditorMar 28, 2023

Saudi National Bank Chair Resignation Follows Credit Suisse Comments-Induced Sell-Off

Ahmed Al-Khudairy’s resignation as Chairman of Saudi National Bank follows his comments that triggered a selloff in Credit…

ByByStaff EditorMar 27, 2023

Retailers Face Uphill Battle as Food Stamp Benefits for Families are Reduced

The decline in SNAP dollars will put pressure on retailers like Kroger, Walmart and Dollar General, creating yet…

ByByStaff EditorMar 26, 2023
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Consumers Hit Hard by Rising Interest Rates on Mortgage and Car Loans

Rising interest rates have caused loan costs to skyrocket, leaving consumers struggling; however, experts suggest potential relief may…

ByByStaff EditorMar 25, 2023

Hyundai and Kia Recall Over Half Million Vehicles Due to Fire Risk

Hyundai and Kia are recalling over 500k vehicles due to a potential fire hazard caused by the tow…

ByByStaff EditorMar 23, 2023

Celebrities Facing Hefty Price Tag for Disclosure Violations: Lindsay Lohan and Jake Paul Lead the Way

Celebrities Lindsay Lohan and Jake Paul were charged by the Securities and Exchange Commission for violating disclosure rules…

ByByStaff EditorMar 22, 2023

Homebuyers Rush to Take Advantage of Falling Prices for the First Time in 8 Years

The National Association of Realtors has reported a decrease in median housing prices for the first time since…

ByByStaff EditorMar 21, 2023

Asian Equity Markets Surge as Global Banking Concerns Abate

The Asia Pacific stock market experienced a surge on Tuesday as investor worries about the global banking sector…

ByByStaff EditorMar 21, 2023

Rising Stock Futures Boosted by Credit Suisse Buyout

Investors were relieved by the Credit Suisse buyout, but remain anxious about the banking and financial system’s underlying…

ByByStaff EditorMar 19, 2023

UBS Makes $1 Billion Bid for Credit Suisse, Financial Times Reports

UBS has proposed to purchase Credit Suisse for a reported maximum of $1 billion, valuing the company at…

ByByStaff EditorMar 19, 2023

UBS Exploring Acquisition of Credit Suisse: Report

UBS Group AG is reportedly in negotiations to purchase all or parts of Credit Suisse, with both boards…

ByByStaff EditorMar 17, 2023

Exploiting Federal Crisis Lending Opportunities: How Banks Profit

Financial institutions took advantage of the Federal Reserve’s crisis lending programs, receiving approximately $300 billion in short-term loans…

ByByStaff EditorMar 16, 2023