Finance
Powell says Fed is ‘not confident’ it has done enough to bring inflation down
Federal Reserve Chairman Jerome Powell said Thursday that he and his fellow policymakers are encouraged by the slowing pace of...
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HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
HSBC is the largest bank in Europe by total assets.Nicolas Economou | Nurphoto | Getty ImagesHSBC on Wednesday announced it...
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Cleveland Fed launches search for new leader after Mester leaves
The Cleveland Federal Reserve launched a search Wednesday for its new leader, after current President Loretta Mester retires in mid-2024.Often...
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Why market timing doesn’t work: S&P 500 is up 14% this year, but just 8 days explain the gains
Visitors around the Charging Bull statue near the New York Stock Exchange, June 29, 2023.Victor J. Blue | Bloomberg |...
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UBS shares rise 3% as market focuses on strong underlying profit
A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | ReutersUBS shares climbed on...
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Fed’s Goolsbee says ‘golden path’ of a huge drop in inflation without a recession is still possible
Chicago Federal Reserve President Austan Goolsbee said Tuesday a soft landing is still on the table as the central bank seeks...
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China’s biggest shopping festival is set for a tepid 2023, survey finds
Workers at an e-commerce logistics industrial park sort parcels on an express delivery line in Lianyungang, East China's Jiangsu Province,...
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Klarna, Europe’s $6.7 billion buy now, pay later firm, sets wheels in motion for eventual IPO
"Buy-now, pay-later" firm Klarna aims to return to profit by summer 2023.Jakub Porzycki | NurPhoto | Getty ImagesBuy now, pay...
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Singapore’s largest bank DBS beats forecast, quarterly profit jumps 17%
DBS branch in Hong Kong.Budrul Chukrut | SOPA Images, LightRocket | Getty ImagesSoutheast Asia's largest lender DBS Group reported a...
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One paycheck not enough: Digital bank Current finds almost half its customers have multiple jobs
The need for second — and often third — incomes is mounting, according to a top digital bank executive.Current CEO...
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