Credit Suisse Fallout and Alibaba S Busy Week
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UBS CEO Ermotti to Steer Credit Suisse Integration
UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.The Wall Street Journal - World -
The Fallout From the Credit Card Swipe Fee Fight
A proposed settlement between Visa and Mastercard and merchants on swipe fees promises savings, but it may also alter the economics of premium credit cards.The New York Times - Business -
UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
S&P Global Cuts Paramount Credit Rating Into Junk Territory
The ratings company cut Paramount Global to BB-plus from BBB-minus, citing continuing cord cutting and elevated investments required to support the buildout of streaming services.The Wall Street Journal - World -
Bridge Collapse Resets U.S. Supply Chains
The shutdown of a major trade corridor through Baltimore has ocean carriers and importers scrambling to contain the business fallout,The Wall Street Journal - World -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
GE Vernova, Solventum to join S&P 500 index next week
Newly minted GE Vernova and Solventum Corp., both soon to be officially spun off from two industrial giants, are hitting it big early: They are joining the S&P 500 index next week.MarketWatch - Business -
Eye on America: Small business tries four-day work week
In Louisiana, we learn how a devastating drought has greatly diminished the area’s crawfish supply. Then in Ohio, we tour a small business that’s seeing promising results from a four-day work week model. Watch these stories and more on Eye on ...CBS News - Top stories -
Pope Francis skips Palm Sunday homily at start of busy Holy Week
Pope Francis has decided at the last minute to skip his homily during Palm Sunday Mass in St. Peter’s SquareABC News - Top stories -
These Small Businesses Adopted 4-Day Workweeks. Here's What They Learned
Founders say productivity rose and burnout dropped.Inc. - Business -
Bridge collapse fallout
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Baltimore bridge collapse roils east coast ports The collapse of the Francis Scott Key bridge in Baltimore has halted vessel ...The Hill - Politics -
Pope skips homily at start of busy Holy Week during Palm Sunday Mass in St. Peter’s Square
ROME — Pope Francis decided at the last minute to skip his homily during Palm Sunday Mass in St.NBC News - Top stories -
How to consolidate credit card debt
Debt consolidation can help you pay off your credit cards faster. Learn more about consolidating your debt here.CBS News - Top stories -
Economic fallout from Key Bridge collapse
In addition to the human toll, the collapse of the Francis Scott Key Bridge will also send ripples throughout the economy far beyond Baltimore. The crumpled bridge is now blocking a key waterway for shipping routes. Ramy Inocencio has more.CBS News - Top stories -
Alibaba scraps IPO of logistics unit Cainiao, says it will take full ownership
Alibaba said Tuesday it is cancelling the proposed initial public offering of its Cainiao smart logistics unit.CNBC - Business -
Alibaba Scraps Logistics Listing as Hong Kong IPO Woes Worsen
The Chinese internet company has abandoned plans to list Cainiao, dealing a blow to Hong Kong’s beleaguered initial public offering market.The Wall Street Journal - World - Hong Kong -
Consumer Credit Lender CURO Files for Bankruptcy Under Heavy Debt Load
Company expects to reduce its debt by roughly $1 billion and save $75 million in annual cash interest payments through restructuring.The Wall Street Journal - World -
Weather tracker: Flood fallout claims at least 20 lives in Brazil
Heavy rainfall brings landslides to country’s south-east. Elsewhere, a wild temperature fluctuation in Iberia. Brazil was hit by devastating floods over the weekend that have so far claimed 20 lives in the resultant landslides and mudslides. There ...The Guardian - World - Brazil -
Royal expert's insights on the fallout from Princess Kate's cancer announcement
CBS News royal contributor Tina Brown joins “CBS Mornings” to talk about Princess Kate's cancer announcement and what it means for the royal family.CBS News - World -
East Coast ports brace for fallout from Baltimore bridge collapse
Eastern seaboard ports are preparing to accept shipments of goods being rerouted from the Port of Baltimore following the collapse of the Francis Scott Key Bridge early Tuesday morning. Port officials and private-sector distributors told The Hill ...The Hill - Politics -
I.R.S. Stepping Up Efforts to Squash Fraud in Tax Credit Program
The Employee Retention Tax Credit continues to be ripe for abuse as Congress mulls shutting the program down.The New York Times - Business -
Should you use a personal loan to pay off credit card debt?
Want to pay off high-interest credit card debt with a personal loan? Find out if that plan makes sense here.CBS News - Top stories -
Visa, Mastercard agree to lower credit-card fees in landmark merchant settlement
Visa and Mastercard agreed to lower and cap credit-card interchange rates as part of a landmark settlement with U.S. merchants.MarketWatch - Business -
Will the Visa-Mastercard swipe-fee settlement impact your credit-card rewards?
The landmark agreement will limit the fees that businesses pay to accept credit cards — but customers aren’t likely to see savings.MarketWatch - Business -
Robinhood’s stock jumps after company launches first credit card
The Robinhood Gold Card is aimed at Robinhood Gold members — a subscription product offering premium services for a fee — and has no annual fee or transaction fees, but comes with a 3% cash back on all categories.MarketWatch - Business -
3 ways to pay off $30,000 in credit card debt
That amount of card debt can be overwhelming, but there are ways to pay it off. Here are a few to consider.CBS News - Top stories -
Carbon Credits Draw Fresh Attention Under SEC's New Climate Rules
Several private-equity firms have entered the carbon-credit market, seeing opportunity in the demand for high-quality credits as new pollution-disclosure rules are expected to bring more transparency to the sector.The Wall Street Journal - World - Climate -
Biden, Fighting for Credit and Raising Cash, Gets Help From Clinton and Obama
A fund-raiser on Thursday intends to raise $25 million to help re-elect the president, who has amassed a roster of achievements, but whose approval ratings are the lowest of the three.The New York Times - Top stories - Joe Biden -
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.
Visa, Mastercard and the largest U.S. credit-card issuing banks agreed to a settlement with merchants over the fees charged for swiping credit cards.The Wall Street Journal - World -
Former Alibaba Chief Daniel Zhang Joins Little-Known Chinese Investment Fund
Former Alibaba Group chief Daniel Zhang Yong has joined a little-known Chinese investment fund after his surprise resignation from the Chinese e-commerce giant last year.The Wall Street Journal - Tech -
Alibaba logistics unit ends IPO plans in further setback for effort to unlock value
Months after calling off a planned spinoff of its cloud-computing unit, Alibaba said its logistics unit will forego initial-public-offering plans as well.MarketWatch - Business -
Alibaba abandoned plans to list its logistics arm, dealing a blow to Hong Kong's beleaguered IPO market.
Alibaba abandoned plans to list its logistics arm, dealing a blow to Hong Kong’s beleaguered IPO market.The Wall Street Journal - World -
Stocks Finish Lower, Led by Nasdaq
U.S. stocks finished lower, with the S&P 500 creeping further from its recent record highs.The Wall Street Journal - World -
Impressive Fallout Nuka Cola Power Armor Brings Sweet Taste Of Society To Wasteland
With the Fallout TV series about to debut next month, fans of Bethesda's post-apocalyptic video game franchise can now get their hands on a brand-new figure set in that irradiated universe. ThreeZero has announced a new run of its sixth-scale T-51 ...GameSpot - Tech -
Fallout 76 Atlantic City Season 16 Update Out Now; File Size And Patch Notes Revealed
Bethesda has released a new update for Fallout 76 that invites players back to Atlantic City to fight formidable foes in post-nuclear New Jersey.. The update, which also kicks off Season 16: Duel with the Devil, has players heading back to ...GameSpot - Tech -
What's News: Business & Finance
What’s News: Business & FinanceThe Wall Street Journal - World -
American Business Stalls in China
Companies are seeing their China trade diminish amid geopolitical tensions and the country’s weak economy.The Wall Street Journal - World - China -
American Business Stalls in China
Companies are seeing their China trade diminish amid geopolitical tensions and the country’s weak economy.The Wall Street Journal - Business - China -
U.S. Consumer Watchdog Turns Focus to Credit Card Rewards, Buy-Now-Pay-Later Companies
The Consumer Financial Protection Bureau, acting on increased complaints, will examine rewards market and deferred payment programs.Inc. - Business -
Here's how much credit card debt Americans have by age—and which generation owes the most
Collectively, Americans owe over $1 trillion on their credit cards. However, when you break down the numbers by age, one generation owes far more than the rest.CNBC - Business