American Express has agreed to pay $230 million in a settlement related to allegations that it engaged in deceptive marketing, bringing an end to a […]
Category: Finance
More Americans File for Unemployment Benefits Last Week, but Layoffs Remain Historically Low
US unemployment claims went up a little in the last week, according to Department of Labor data. However, layoffs remained close to historic lows, indicating […]
Oil Prices Climb Amid Concerns Over Decreasing US Inventories
Oil prices surged Tuesday amid a significant contraction in U.S. crude stocks, new worry over worldwide supply tightness. The surprising pull from reserves plus geopolitical […]
Goldman Sachs CEO Solomon Says IPO Market Is ‘Going to Pick Up’ Along With Dealmaking
Goldman Sachs CEO David Solomon is expecting a better outlook for the IPO market, and perhaps a rebound may be on the horizon. Speaking at […]
S&P 500 Edges Higher, Nasdaq Dips in Choppy Session as Inflation Data Eyed
The S&P 500 modestly advanced on Tuesday during a volatile trading session, while the Nasdaq composite fell as investors await inflation data scheduled to come […]
Bitcoin’s Abrupt Price Drop Triggers Fears of a $3.2 Trillion Crash in Cryptocurrency Market
The world’s largest cryptocurrency, bitcoin, caused a shock on Saturday after seeing a sharp plunge in price. This drastic drop has sent the market into […]
Norwegian Cruise Line Offers Flexible Cancellation Policies Due to California Wildfires
In a bid to offer relief to the travelers who are affected by the devastating wildfires, Norwegian Cruise Line and Princess Cruises have been on […]
The 10-Year Treasury Yield is Nearing 5% Again. Why Stock-Market Investors Are Freaking Out
The 10-year Treasury yield is moving toward the 5% level for the third time this cycle, reigniting stock-market investor fears about what effects such an […]
BlackRock Encountering Fresh Deadline from U.S. Regulator Regarding Bank Investments
BlackRock, the world’s largest asset manager, is coming under increased scrutiny as the US Federal Reserve has enforced a new deadline to resolve its massive […]
Canada Prepared with Counter-Tariffs If Trump Initiates Trade War, Trudeau Says
In a decisive move signaling the country’s preparedness to guard its economic interests, Canadian Prime Minister Justin Trudeau announced yesterday that Canada had set up […]