U.s Banks Catch
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The New York Times - Business
Banking Deal Oversight to Get a Major Revamp
The F.D.I.C. and the Justice Department are changing how they evaluate mergers and acquisitions in the banking industry.Yesterday -
CNBC - Business
Latinas contributed $1.3 trillion to U.S. economy, new report says. That number could be even bigger
A recent report funded by Bank of America revealed that Latinas contributed $1.3 trillion to U.S. GDP in 2021, and some economists think it could be more.Yesterday -
The Wall Street Journal - Business
U.S. Steelmakers Warn of Lower Profits as Manufacturers Slow Factories
Nucor and Steel Dynamics forecast a drop in third-quarter earnings, citing weaker demand and shaky prices.Yesterday -
Inc. - Business
TikTok Faces Tough Questions From Federal Judges in Court Fight to Survive in U.S.
Facing a ban, the social media platform takes its case to court, but gets skeptical reception from the bench.Yesterday - Tiktok -
The New York Times - Sports
The Penguins Kept Sidney Crosby, but There’s a Catch
Crosby’s new contract keeps him in control of his future, a columnist for The Athletic writes.Yesterday -
CNBC - Business
FDIC unveils rule forcing banks to keep fintech customer data in aftermath of Synapse debacle
The rule, aimed at accounts opened by fintech firms that partner with banks, makes the institution maintain records of who owns the account and daily balances.Yesterday -
ABC News - World
Budapest and Poland's Wroclaw reinforce their river banks ahead of more flooding
Soldiers have dropped sandbags from military helicopters to reinforce river embankments and evacuated residents as the worst flooding in years spreads across Central EuropeYesterday -
The New York Times - Business
F.D.I.C. Says Banks Need to Keep a Record of Their Fintech Customers
Banks holding customer funds for money management apps should keep track of customers’ identities and balances, the agency says.Yesterday -
MarketWatch - Business
Industrial production gets short-lived boost from cars, but U.S. manufacturers still depressed
Industrial production rose a stronger-than-expected 0.8% in August, but most of the increase was tied to autos and there was little sign of a rebound in a depressing manufacturing sector.Yesterday -
Financial Times - Business
Lib Dems to press Rachel Reeves to raise taxes on banks and wealthy
Ed Davey wraps up party conference saying rich should pay more to fund transformation of NHS and social careYesterday -
MarketWatch - Business
Retail sales rise again and show U.S. economy still on solid ground ahead of Fed rate cut
Sales at retailers rose slightly in August in a sign of resilience among U.S. households, suggesting the U.S. economy is still on solid footing as the Federal Reserve plots to cut interest rates.Yesterday - Federal Reserve -
NBC News - Top stories
Virus that causes paralyzing illness is spiking in the U.S., wastewater data shows
The enterovirus D68 that sometimes paralyzes children is spreading in the U.S., raising worries about a possible rise in polio-like illnesses.Yesterday -
CBS News - Top stories
Fall is almost here. Map shows foliage forecast across the U.S.
A CBS News map shows where leaf colors are changing, updated regularly.Yesterday -
Financial Times - Business
Traders step up bets on BoE interest rate cut
Markets price in 35% chance of central bank move this week as expectations of large US rate cut have grownYesterday -
MarketWatch - Business
Despite recent volatility, there are 5 reasons to be optimistic on markets, says Deutsche Bank
A traditionally better fourth quarter and Fed rate cuts should support the stock market rally says DeutscheYesterday -
The New York Times - Business
How the Fed Cutting Interest Rates Affects Stocks, Banks and More
For corporate America, this week’s expected interest rate cut carries risks along with rewards.Yesterday - Federal Reserve -
CBS News - Top stories
Russia subs and ships shadowed by U.S. Coast Guard off Alaska
The Russian vessels consisted of two submarines, a frigate and tug boat, the Coast Guard said.Yesterday - Russia -
The New York Times - Business
F.D.I.C. and Justice Dept. May Get Tougher on Bank Deals
The F.D.I.C. is expected to vote on more stringent new rules for takeovers, while the Justice Department plans to overhaul its own guidelines.Yesterday -
MarketWatch - Business
Pret a Manger’s U.S. expansion sees cafe chain’s sales hit $1.5 billion
The coffee seller said one quarter of its overall sales are now generated outside the U.K.Yesterday -
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CNBC - Business
China's ultra-rich population sees 'dramatic' growth in last 10 years, outpacing the U.S., report shows
The world's super rich club saw a significant expansion over the past 10 years, with China leading the charge, a report by Henley & Partners showed.2 days ago - China -
The Wall Street Journal - World
U.S. Officials Jet to Beijing Amid Flood of Cheap Chinese Exports
In the talks, Washington intends to highlight concerns over China’s manufacturing overcapacity.2 days ago - China -
The Guardian - World
Formula One rookies indicate bright future after catching eye on streets of Baku | Giles Richards
Franco Colapinto and Oliver Bearman made impressive cameos away from the drama at the front at Azerbaijan GP. Formula One delivered a gripping contest at the front of the field in the Azerbaijan ...2 days ago -
The Wall Street Journal - Business
Malaysian Glove Makers' Shares Jump as U.S. Plans Higher Tariffs on Chinese Gloves
Malaysian glove stocks surged after the U.S. said it plans to impose higher and earlier tariffs on Chinese gloves, a move likely to ease competition for Southeast Asian manufacturers.2 days ago -
CBS News - Top stories
TikTok in court over U.S. ban: Breaking down the legal arguments
TikTok faced a key court hearing Monday in its lawsuit to block a law that could ban the social media app in the U.S. early next year. CBS News chief legal correspondent Jan Crawford is in ...2 days ago - Tiktok -
CNBC - Business
India's central bank chief plays down fears of a deposit crunch
Reserve Bank of India Governor Shaktikanta Das raised the issue of slowing bank deposits underperforming an expansion in loans in an interview with CNBC.2 days ago