economic service provided by the finance industry
JPMorgan warns of need for ‘reality check’ on phasing out fossil fuels: US bank says higher interest rates, inflation and global conflict have dented outlook for ...
ft.com/content/352b38a7-f298-4b54-adc2-f4cc1b17444b
Quick Glance: JPMorgan warns of Need for 'Reality Check' on Phasing out Fossil Fuels
- JPMorgan warns of setbacks in transitioning to renewable energy due to higher interest rates, inflation, and global conflicts.
- Investment in renewable energy currently offers subpar returns, potentially leading to social unrest.
- JPMorgan forecasts increasing demand for oil and gas until 2030, highlighting challenges in transitioning to renewable energy.
- Wood Mackenzie warns of the impact of higher interest rates on transitioning to a global net-zero economy, especially for renewables and nuclear power.
Google scraps minimum wage, benefits rules for suppliers and staffing firms: Alphabet Inc's Google on Friday said it will roll back requirements that U.S ...
reuters.com/technology/google-scraps-minimum-wage-benefits-rules-suppliers-staffing-firms-2024-04-19/
Quick Glance: Google to Remove Minimum Wage and Benefits Rules for Suppliers and Staffing Firms
- Alphabet Inc's Google will roll back requirements for U.S. suppliers and staffing firms to pay their employees at least $15 an hour and provide health insurance and other benefits.
- These updates are designed to comply with shifting U.S. and global labor regulations related to contingent workers.
- The company is committed to ensuring vendors and staffing firms prioritize safe working conditions and compliance with legal standards.
- This decision follows the U.S. National Labor Relations Board's ruling that Google is considered a 'joint employer' of workers from staffing firm Cognizant Technology Solutions.
Bitcoin price set to drop after the halving, JPMorgan says: "We do not expect bitcoin price increases post halving as it has been already priced in ...
markets.businessinsider.com/news/currencies/bitcoin-halving-price-prediction-miners-crypto-jpmorgan-btc-2024-4
Nigeria Plans to Offer Crude Trading on Bourse for First Time: Nigeria’s commodities exchange plans to offer crude oil and gas trading to deepen access to ...
bloomberg.com/news/articles/2024-04-19/nigeria-plans-to-offer-crude-trading-on-bourse-for-first-time
Paid articlePaid
Pictures of the Day | April 19, 2024: Our top photos of the day.
reuters.com/pictures/photos-of-the-day/pictures-day-april-19-2024-2024-04-19/
Billionaire tycoon Bernard Arnault's 5 children are all nepo babies: Frédéric Arnault was made CEO of TAG Heuer aged just 25, while Alexandre Arnault is an ...
businessinsider.com/bernard-arnault-lvmh-children-delphine-antoine-alexandre-frederic-jean-dior-2023-1
Paid articlePaidQuick Glance: Bernard Arnault: The World's Richest Man
- Bernard Arnault, CEO of LVMH, has brought all his five children into the business.
- Arnault is the world's richest man with a net worth of $221 billion.
- Two of his sons have joined the LVMH board, making four out of five of his children now on the board.
- Arnault has introduced his children into the business and speculation arises about the future leadership of the company.
Linn-Mar’s declining enrollment contributing to $2.5 million budget cuts: School board to consider the district’s budget Monday
thegazette.com/k/linn-mars-declining-enrollment-contributing-to-2-5-million-budget-cuts/
Standard Chartered Offers 10% Deposit Rate in Hong Kong to Draw China Cash: Standard Chartered Plc is offering short-term deposit rates of as high as 10% as the ...
bloomberg.com/news/articles/2024-04-19/stanchart-dangles-10-deposit-rate-in-hk-to-draw-china-cash
Wells Fargo bond saleswoman sues over 'unapologetically sexist' workplace: Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who ...
reuters.com/legal/wells-fargo-bond-saleswoman-sues-over-unapologetically-sexist-workplace-2024-04-19/
Man Group Sees Clients Pull $1.6 Billion in the First Quarter: Man Group Plc reported $1.6 billion of outflows from its funds during the first three months of ...
bloomberg.com/news/articles/2024-04-19/man-group-sees-clients-pull-1-6-billion-in-the-first-quarter
Jane Street loses bid for restraining order against Millennium Management: High-speed trading firm sued hedge fund last week over lucrative options trading ...
ft.com/content/f83e9cdf-fe15-4724-b412-7c1184aed880
Exclusive: India's Ola Cabs plans $500 million IPO, to appoint banks soon, sources say
reuters.com/world/india/indias-ola-cabs-plans-500-mln-ipo-appoint-banks-soon-sources-say-2024-04-19/
Giancarlo Esposito says he was badly broke before ‘BREAKING BAD’ and contemplated arranging his own murder to make sure his children got his life insurance ... Show more
Cybercriminals threaten to leak all 5 million records from stolen database of high-risk individuals
theregister.com/2024/04/19/cybercriminals_threaten_to_leak_all/
Deutsche Bank Has Cut Dozens in Asia Private Banking Overhaul: Deutsche Bank AG trimmed 10 private banking roles in Asia over the past week ...
bloomberg.com/news/articles/2024-04-19/deutsche-bank-has-cut-dozens-in-asia-private-banking-overhaul
Foreign Investment in China Falls With Cloud Over Growth Outlook: Foreign investment into China slowed for a third straight month in March compared to the same ...
bloomberg.com/news/articles/2024-04-19/foreign-investment-in-china-falls-with-cloud-over-growth-outlook
Before 'Breaking Bad,' Giancarlo Esposito considered arranging his own murder for insurance money
nbcnews.com/pop-culture/pop-culture-news/breaking-bad-giancarlo-esposito-considered-arranging-murder-insurance-rcna148542
Quick Glance: Giancarlo Esposito considered orchestrating his murder during financial crisis
- Breaking Bad actor Giancarlo Esposito contemplated having himself killed to secure an insurance payout for his family when he was financially struggling.
- After facing two bankruptcies and a foreclosure, Esposito landed the iconic role of Gustavo Fring in Breaking Bad.
- Despite having worked since the 1980s, it was his role in Breaking Bad that truly brought Esposito into the spotlight.
- Esposito is open to the idea of further involvement in the Breaking Bad universe, expressing interest in a prequel series centered around Gus Fring.
UAW vote at Tennessee plant will test resurgent labor movement: 4,000 workers at the Volkswagen facility are eligible to vote.
abcnews.go.com/Business/uaw-vote-tennessee-plant-test-resurgent-labor-movement/story
Quick Glance: Historic Vote at Volkswagen Plant in Tennessee
- This week, 4,300 hourly workers at a Volkswagen plant in Chattanooga, Tennessee, are voting on whether to join the United Auto Workers union.
- The significance of this vote lies in the potential shift in union dynamics in the South, with the UAW launching a strong campaign to penetrate non-union auto factories in the region.
- The outcome of this vote could either significantly strengthen or hinder the union, with the UAW needing a majority of yes votes to win.
- Southern politicians warn of job losses if unionization occurs in the region, while Volkswagen emphasizes respecting employees' right to choose and its substantial investments in the plant.
Vietnam continues support for bank engulfed in massive fraud, central bank says: Vietnam's central bank said on Friday it had continued providing support to ...
reuters.com/business/finance/vietnam-continues-support-bank-engulfed-massive-fraud-central-bank-says-2024-04-19/
IMF Considers Upping Zambia Funds to Help With Drought Emergency: The International Monetary Fund is in talks with Zambia to boost financing for the country ...
bloomberg.com/news/articles/2024-04-19/imf-considers-upping-zambia-funds-to-help-with-drought-emergency
Vox analysis: Left-wing and older people voted particularly often for the 13th AHV pension
nzz.ch/schweiz/analyse-zur-ahv-abstimmung-linke-aeltere-und-aermere-stimmen-besonders-oft-fuer-hoehere-renten-ld.1827098
Bank of America defeats 'Erica' virtual-assistant trademark case on appeal: Bank of America has convinced a U.S. appeals court that its "Erica" virtual assistant ...
reuters.com/legal/litigation/bank-america-defeats-erica-virtual-assistant-trademark-case-appeal-2024-04-19/
US$1M mobilisation fee paid for two-year rental of power ship - Guyana Chronicle: The contract includes the provision of operational and maintenance services as ...
guyanachronicle.com/2024/04/19/us1m-mobilisation-fee-paid-for-two-year-rental-of-power-ship/
Worsening US debt outlook seen more in gold and bitcoin than in bonds: Concern about the rapidly rising U.S. government debt is partly behind recent surges in ...
reuters.com/markets/us/worsening-us-debt-outlook-seen-more-gold-bitcoin-than-bonds-2024-04-19/
The European Central Bank is poised to order Italy's UniCredit to cut back its business with Russia, sources said, as the regulator exerts pressure to choke ...
reut.rs/4d1UOFE
Morgan Stanley consumer IPO banker Passi leaving the bank, sources say: Morgan Stanley's North America head of consumer and retail equity capital markets (ECM) ...
reuters.com/business/finance/morgan-stanley-consumer-ipo-banker-passi-leaving-bank-sources-say-2024-04-19/
Multi-million funding to ignite growth for UK games studios: The UK Games Fund (UKGF) has allocated over £3 million in government funding to support ...
pocketgamer.biz/news/83835/multi-million-funding-ignites-growth-for-uk-video-games-studios/
‘You’re Never Too Busy For Your Banker’: How Italy’s ’Ndrangheta Mafia Allegedly Infiltrated Canadian Banks - OCCRP
occrp.org/en/investigations/youre-never-too-busy-for-your-banker-how-italys-ndrangheta-mafia-allegedly-infiltrated-canadian-banks
Quick Glance: How Italy’s 'Ndrangheta Mafia Allegedly Infiltrated Canadian Banks
- A Canadian faction of the 'Ndrangheta allegedly had close relationships with employees at two major Canadian banks to facilitate their financial activities.
- Angelo Figliomeni, the suspected mob boss, was at the center of the investigation, indicating that bankers were involved in the money laundering process of the group.
- The investigation revealed that the 'Ndrangheta organization generated income through illegal activities such as gambling and loan sharking, which were used for money laundering by bankers like Martino.
- Police seized assets worth millions of dollars and closed around 500 accounts at the implicated banks. Charges against Figliomeni and his co-defendants were dropped due to procedural errors.
Fed's Bostic: open to a rate hike if inflation progress stalls: Atlanta Federal Reserve Bank President Raphael Bostic on Thursday said that if inflation does not ...
reuters.com/markets/us/feds-bostic-open-rate-hike-if-inflation-progress-stalls-2024-04-18/
Exclusive: JPMorgan dealmakers Lipsky and Lee are leaving the bank, sources say: Two senior JPMorgan Chase dealmakers, Andy Lipsky and Haidee Lee ...
reuters.com/business/finance/jpmorgan-dealmakers-lipsky-lee-are-leaving-bank-sources-say-2024-04-18/
Citigroup, Wall Street’s biggest loser, is at last on the up: Jane Fraser’s unexpected success
economist.com/finance-and-economics/2024/04/18/citigroup-wall-streets-biggest-loser-is-at-last-on-the-up
Ex-Scottish leader Sturgeon's husband charged with embezzling party funds: Former Scottish leader Nicola Sturgeon's husband Peter Murrell has been charged with ...
reuters.com/world/europe/former-scottish-leader-sturgeons-husband-re-arrested-party-finance-probe-bbc-2024-04-18/
Quick Glance: Police Investigation into SNP Finances: Key Updates
- On Thursday, the re-arrest of Peter Murrell, the husband of Nicola Sturgeon, took place as part of the police investigation into the SNP’s finances.
- Murrell, aged 59, was apprehended and underwent interrogation by detectives.
- The arrest occurred slightly more than a year subsequent to the search conducted by Police Scotland officers at the couple’s residence, where a blue tent was set up outside the property, alongside searches at the SNP’s headquarters in Edinburgh.
- In April 2024, Peter Murrell was charged with 'embezzlement' of funds from the SNP.
Fed's rate-cut foot-dragging grates on global peers at IMF meetings: Finance chiefs from economies large and small are scrambling to keep pace with the Federal ...
reuters.com/markets/rates-bonds/feds-rate-cut-foot-dragging-grates-global-peers-imf-meetings-2024-04-19/
RBNZ Must Tame Domestic Inflation Before Cutting New Zealand Rates, ANZ Says: New Zealand’s central bank will only pivot to an easing stance when it is sure it ...
bloomberg.com/news/articles/2024-04-19/rbnz-must-tame-domestic-inflation-before-cutting-rates-anz-says
Paid articlePaid France orders retailers to display shrinkflation: French retailers will have to notify shoppers when products have been reduced in size without a corresponding ...
reuters.com/markets/europe/france-orders-retailers-display-shrinkflation-2024-04-19/
Italy's BPER picks former UniCredit exec Papa as new CEO: BPER Banca said its newly elected board would meet later on Friday to appoint a new chief executive ...
reuters.com/business/finance/italys-bper-picks-former-unicredit-exec-papa-new-ceo-2024-04-19/
What is weighing on CEOs’ minds this earnings season? : Shareholder letters are proving to be bleakly prophetic
economist.com/business/2024/04/18/what-is-weighing-on-ceos-minds-this-earnings-season
Evercore consumer dealmaker Taetle is leaving the bank, sources say: Adam Taetle, a senior managing director at Evercore who advised on several transactions in ...
reuters.com/business/finance/evercore-consumer-dealmaker-taetle-is-leaving-bank-sources-say-2024-04-19/
AmEx surpasses profit estimate; small-business strategy in focus: American Express beat expectations for first-quarter profit thanks to strong spending by ...
reuters.com/business/finance/american-express-beats-profit-estimates-strong-spending-by-wealthy-customers-2024-04-19/
Norway wealth fund backs shareholder proposal to split Goldman CEO, chair roles: Norway's $1.6 trillion sovereign wealth fund, one of the world's largest ...
reuters.com/sustainability/boards-policy-regulation/norway-wealth-fund-backs-shareholder-proposal-split-goldman-ceo-chair-roles-2024-04-19/
Today’s American Dream Is Renting, Not Buying. This Expert Agrees: Some people rent because they can't afford to buy a home. Others do it simply because ...
cnet.com/personal-finance/mortgages/advice/todays-american-dream-is-renting-not-buying-this-expert-agrees/
Tesla Semi charging corridor project is still alive despite Biden admin funding snub
techcrunch.com/2024/04/18/tesla-semi-big-rig-charging-corridor-biden-funding/
Coventry Nears Deal to Buy UK’s Co-Op Bank for £780 Million: Coventry Building Society has agreed to pay £780 million ($971 million) for Co-Operative Bank ...
bloomberg.com/news/articles/2024-04-18/coventry-nears-deal-to-buy-uk-s-co-op-bank-for-780-million
Nigerian court adjourns Binance and executives' tax evasion trial to May 17: A Nigerian court on Friday adjourned a tax evasion trial against cryptocurrency ...
reuters.com/business/finance/nigerian-court-adjourns-binance-executives-tax-evasion-trial-may-17-2024-04-19/
Rent the Runway needs more than AI to go from rags to riches: Inflation-weary consumers are not the only problem for the online clothing rental company
ft.com/content/27a87f54-5514-4af4-aaec-0c62a4595f6b
China's Ant Group in talks to launch Alipay+ in Indonesia, says executive: China's Ant Group is in talks with Indonesia to bring its popular cross-border payment ...
reuters.com/business/finance/chinas-ant-group-talks-launch-alipay-indonesia-says-executive-2024-04-19/
Nissan cuts annual operating profit estimate by 14.5% on lower sales: Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday ...
reuters.com/business/autos-transportation/nissan-cuts-annual-operating-profit-estimate-by-145-lower-sales-2024-04-19/
LVMH's Arnault Has Hopes Xi Visit Will Smooth Paris-Beijing Trade Relations: Billionaire Bernard Arnault said he hopes a planned visit to France next month ...
bloomberg.com/news/articles/2024-04-18/arnault-says-he-hopes-tensions-with-china-on-luxury-quiet-down
Paid articlePaid Europe Car Sales Drop in March as EV Weakness Persists: Passenger-car sales in Europe fell 2.8% in March as automakers including Volkswagen AG and Stellantis NV ...
bloomberg.com/news/articles/2024-04-18/europe-car-sales-drop-in-march-as-ev-weakness-persists
Pa. city looks at adding water park, sandy beach near train station: After fundraising, it's expected to take three years to carry out a community ...
pennlive.com/news/2024/04/pa-city-looks-at-adding-water-park-sandy-beach-near-train-station.html
Tesla stock just hit a new 52-week low after analysts said investors may start 'tossing in the towel'
qz.com/tesla-ev-elon-musk-stock-downgrade-deutsche-analyst-1851419223
Quick Glance: Tesla: Layoffs and Elon Musk's Reality Check
- Tesla is planning a major layoff to prepare for the future.
- Elon Musk's grasp on reality is questioned as Tesla performs mediocre in the automotive industry.
- Tesla experiences a decline in revenue margin compared to other automakers.
- The success of Tesla's future depends on the implementation of autonomous driving technology.
Tesla shares fall as Deutsche Bank flags risks from focus on Robotaxi: Tesla shares fell to their lowest in more than a year on Thursday after Deutsche Bank ...
reuters.com/business/autos-transportation/tesla-shares-fall-deutsche-bank-flags-risks-focus-robotaxi-2024-04-18/
BOJ will raise rates again this year, say two-thirds of economists: The Bank of Japan will raise interest rates again in 2024, according to two-thirds of ...
reuters.com/markets/asia/boj-will-raise-rates-again-this-year-say-two-thirds-economists-2024-04-19/
UK PM Sunak to consult on tougher rules to combat 'sick note culture': British Prime Minister Rishi Sunak will look at tightening the rules for long-term sick ...
reuters.com/world/uk/uk-pm-sunak-consult-tougher-rules-combat-sick-note-culture-2024-04-18/
Dollar's dominant reserve currency status to endure, says Morgan Stanley: The U.S. dollar's dominant reserve currency status is likely to endure partly because ...
reuters.com/markets/currencies/dollars-dominant-reserve-currency-status-endure-says-morgan-stanley-2024-04-18/
AJ Bell posts bumper asset growth, sees improved investor sentiment: AJ Bell reported record assets under administration of 80.3 billion pounds ($100 ...
reuters.com/world/uk/aj-bell-posts-bumper-asset-growth-sees-improved-investor-sentiment-2024-04-18/
Elective surgery wait times almost double in 20 years as patients wait longer in emergency
abc.net.au/news/2024-04-19/elective-surgery-wait-times-almost-double-in-20-years/103742480
US to spend $1 billion on food aid abroad amid global hunger crisis: The U.S. Department of Agriculture and the U.S. Agency for International Development will ...
reuters.com/world/us/us-spend-1-billion-food-aid-abroad-amid-global-hunger-crisis-2024-04-18/
Louis Vuitton holds 'Voyager' fashion show in Shanghai: Louis Vuitton debuted its newly-labelled "Voyager" travelling show in Shanghai on Thursday night ...
reuters.com/lifestyle/louis-vuitton-holds-voyager-fashion-show-shanghai-2024-04-18/
Forecast for 2024: Pensioners pay almost 50 billion euros in taxes: Pensioners also have to pay taxes - the revenue for the tax authorities is significant ...
spiegel.de/wirtschaft/rentner-zahlen-fast-50-milliarden-euro-steuern-prognose-fuer-2024-a-ecf56b33-02c7-492b-99be-5ca085058761
Nordea Posts Record Profit as Interest Rate Boost Continues: Nordea Bank Abp, the largest lender in the Nordic region, reported record profits and net interest ...
bloomberg.com/news/articles/2024-04-18/nordea-again-posts-net-interest-income-growth-beating-estimates
BNP Paribas must face lawsuit over Sudanese genocide, US judge rules: BNP Paribas was ordered by a U.S. judge on Thursday to face a lawsuit accusing the French ...
reuters.com/legal/bnp-paribas-must-face-lawsuit-over-sudanese-genocide-us-judge-rules-2024-04-18/
He needs one more day on the roster for an MLB pension. Can the Braves help?: 67-year-old Gary Cooper of Savannah spent 42 days on the Atlanta Braves roster in ...
gpb.org/news/2024/04/12/he-needs-one-more-day-on-the-roster-for-mlb-pension-can-the-braves-help
Weight-loss drug developer Metsera raises $290 million in funding: Weight-loss drug developer Metsera has raised $290 million in funding, led by biotech investor ...
reuters.com/business/healthcare-pharmaceuticals/weight-loss-drug-developer-metsera-raises-290-million-funding-2024-04-18/
Retire early? Study shows: People who work longer are happier: Staying in work instead of early retirement? A recent study suggests that people who are still ...
hna.de/wirtschaft/frueher-in-rente-studie-zeigt-wer-laenger-arbeitet-ist-gluecklicher-renteneintrittsalter-arbeit-zr-93012102.html
Why the stockmarket is disappearing: Large companies such as ByteDance, OpenAI and Stripe are staying private
economist.com/finance-and-economics/2024/04/18/why-the-stockmarket-is-disappearing
Five Things You Need to Know to Start Your Day: Asia: Good morning. Concerns about private credit. The ongoing selloff in bonds. And a warning from Iran about ...
bloomberg.com/news/newsletters/2024-04-18/five-things-you-need-to-know-to-start-your-day-asia
A man rescues a family from drowning in a submerged car during heavy floods in the United Arab Emirates.
The man was identified as Hazem Suweid ... Show more
U.S. Mortgage Rates Jump Above 7% for the First Time This Year: Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent ...
nytimes.com/2024/04/18/business/mortgage-rates.html
Quick Glance: Mortgage Rates Surge Above 7% in 2024, Posing Major Dilemma for Homebuyers
- US mortgage rates have surged above 7%, increasing costs for homebuyers.
- The rise in mortgage rates impacts monthly costs, limiting purchasing power.
- Uncertainty surrounding rate trends poses a decision dilemma for potential homebuyers.
- Experts anticipate a moderate easing of mortgage rates later in the year.
UnitedHealth unit Change faces issue processing some medical claims: UnitedHealth Group said on Thursday it had resolved an issue that had hampered processing of ...
reuters.com/business/healthcare-pharmaceuticals/unitedhealth-unit-change-healthcare-faces-issue-processing-some-medical-claims-2024-04-18/
How a home-improvement subsidy is wrecking Italy’s public finances: Government largesse is costing taxpayers
economist.com/the-economist-explains/2024/04/17/how-a-home-improvement-subsidy-is-wrecking-italys-public-finances
Wells Fargo has worn its dunce cap long enough: The problem child of U.S. banking has been sitting on the naughty step for six long years ...
reut.rs/3Un0in0
Zach McGuire stars in junior Spring Fling Tournament: Zachary McGuire won two titles at the AXA XL Junior Spring Fling Tennis Tournament ...
royalgazette.com/tennis-squash/sport/article/20240418/zach-mcguire-stars-in-junior-spring-fling-tournament/
Twisted truths and a fundraising boost: How Trump tried to control his first week in court
nbcnews.com/politics/donald-trump/twisted-truths-fundraising-boost-trump-control-first-week-court-rcna148054
Quick Glance: Michael Cohen Criticizes Trump's Barron Graduation Ban Complaint as Ridiculous
- Michael Cohen describes Trump's complaint about a potential ban on attending Barron's graduation ceremony as comical.
- Cohen points out that Trump apparently did not attend the graduation ceremonies of his other children.
- Cohen is expected to be a key witness in Trump's trial, which revolves around allegations of hush money payments to silence an affair with Stormy Daniels.
- HuffPost advocates for making high-quality journalism freely accessible and seeks support to continue to ensure this.
🇬🇧 Britain's PM announces plans to crackdown on 'sick note culture'.www.euronews.com/business/2024/04/19/britains-pm-announces-plans-to-crackdown-on-sick-note-culture
Exclusive: UBS shuts some China private funds, will lay off staff, sources say: UBS is shutting down some of its China private funds business and will lay off ...
reuters.com/business/finance/ubs-shuts-some-china-private-funds-will-lay-off-staff-sources-say-2024-04-18/
Basel Chair urges banks to fully implement capital rules as soon as possible: Basel Committee Chair Pablo Hernandez De Cos on Thursday urged banks to fully ...
reuters.com/business/finance/basel-chair-urges-banks-fully-implement-capital-rules-soon-possible-2024-04-18/
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