Today: 16. Nov, 2024
The Industrial and Commercial Bank of China’s US unit experienced a significant ransomware attack. The attack caused system disruptions that spilled over into the US Treasury market, potentially sparking a sell-off. With its headquarters in New York, ICBC Financial Services plays a…
As we approach the end of the year, the bond market is exhibiting signs of a significant turnaround, instilling a sense of optimism among investors and analysts alike. This shift comes amidst declining bond yields and a hopeful outlook on inflation rates.…
The U.S. stock market displayed a mixed demeanour, encapsulated by the S&P 500’s narrow triumph, marking its eighth consecutive win—a streak not seen since November 2021. Despite the sparse economic data, the week was buzzed with corporate earnings reports, keeping investors on…
As the United States braces for its presidential election in under a year, investors and financial experts speculate on the potential impact on stocks. With a historical trend of stock market gains during the fourth year of presidential terms, the S&P 500…
The American financial system is grappling with an unexpected snag that has left many citizens needing access to their funds. Federal Reserve officials have stepped forward, calling on banks to actively assist customers facing difficulties due to a recent disruption in the…
As the leaves turn and the air chills, November arrives with a reputation as the harbinger of good tidings for stock market investors. Historically celebrated as the strongest month for stocks, this November is shaping to continue that legacy. “November is typically…
The oil and gas industry could be on the brink of a significant transformation following the recent mega-deals inked by ExxonMobil and Chevron, with ExxonMobil reaching an agreement to acquire Pioneer Natural Resources for $60 billion and Chevron revealing plans to purchase…
The invisible rift between banks and Native American populations has long been overlooked. Dawson Her Many Horses, a proud member of the Rosebud Sioux Tribe of South Dakota, is one of the few to bridge this divide, serving as the head of…
The European Central Bank (ECB) has decided to hold interest rates steady at 4% after ten consecutive hikes in July 2022, bringing rates back into positive territory for the first time since 2011. This decision comes amidst new upside risks to inflation…
In the modern workplace, instant messaging apps such as Slack have taken center stage as the preferred means of communication. However, this trend has faced significant opposition in the banking sector, which must comply with strict regulations. HSBC has taken a step…
