Author: Press Room
Stay informed with free updatesSimply sign up to the US banks myFT Digest — delivered directly to your inbox.The four biggest US banks are on course to capture their largest share of the industry’s profits in almost a decade, a sign of how they are consolidating their dominant market position.JPMorgan Chase, Bank of America, Citigroup and Wells Fargo, the four largest US banks by deposits and assets, collectively reported about $88bn in profits in the first nine months of 2024, according to Financial Times calculations based on figures from industry tracker BankRegData.Together they account for 44 per cent of the…
Investing.com — UBS economists expect the Federal Reserve to deliver the next interest rate cut in June, by 25 basis points (bps), followed by another one in September. The Fed slashed interest rates by 25 bps at its latest FOMC meeting this month, aligning with market expectations. This marks the fourth cut since September, bringing the total reduction to 100 basis points and placing the policy target range at 4.25%-4.5%. However, the updated dot plot presented a more hawkish stance than anticipated. The median projection now reflects only 50 basis points of cuts for 2025, a notable shift from the…
(Reuters) -Xerox Holdings said on Monday it would buy Lexmark International, the maker of printers and printing software, in a$1.5 billion deal. The Lexington, Kentucky-based Lexmark was formed as a spinoff of IBM (NYSE:) in March 1991, according to the company’s website. It caters to customers in more than 170 countries in markets, including manufacturing, retail and financial services. In October, Xerox (NASDAQ:) had said it would buy ITsavvy, an Illinois-based IT products firm, for $400 million, as the office equipment maker looks to expand its IT services business.
Bluberries FlexShopper (NASDAQ:FPAY) announced on Monday the extension of the expiration date of a previously-announced rights offering to 5:00 PM ET on Friday, January 10, 2025. FPAY shares were trading +2.80% pre-market at $1.47. The rights offering allows FlexShopper shareholders of record as
This summer, multiple controversies surrounding ‘It Ends with Us’ overshadowed the film’s press tour.Fans criticized Blake Lively’s promotion methods and speculated her and costar Justin Baldoni had fallen out.Four months later, Lively filed a sexual harassment complaint against Baldoni.The “It Ends With Us” press tour this summer was overshadowed by rumor and speculation.Ahead of the film’s release in August, fans suspected lead star Blake Lively and her costar and director, Justin Baldoni, were feuding. Fans blamed Lively without know what cause their apparent falling out, and criticized her on social media.The film survived the backlash, becoming one of the biggest…
Feature / December 23, 2024 Without a doubt, 2025 is going to be tough—but these visionaries give us hope in this uncertain time. This article appears in the January 2025 issue, with the headline “The 2024 Progressive Honor Roll.” The 2024 election season ended miserably, and the year ahead will be brutal as the Trump administration implements the president-elect’s anti-immigrant, anti-abortion, anti-trans, anti-science, and anti-labor agenda. This year’s Progressive Honor Roll does not deny that there are mean things happening in the land. But there is also hope on the horizon, in the form of progressive leaders and movements, breakthrough…
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0:37Intro. [Recording date: November 26, 2024.]Russ Roberts: Today is November 26th, 2024, and my guest is urbanist Alain Bertaud, a Distinguished Visiting Fellow at the Mercatus Center at George Mason University and a senior research scholar at the NYU [New York University] Marron Institute of Urban Management.This is Alain’s second appearance on the program. He was last here in June of 2019 to discuss his book, Order Without Design: How Markets Shape Cities.Today we’re going to talk about cities generally and all things urban.Alain, welcome back to EconTalk.Alain Bertaud: Thank you. I’m very glad to be back.1:12Russ Roberts: You call…
Jonathan Kanter has stepped down as one of Joe Biden’s top antitrust enforcers, but he is hopeful that the next administration will uphold the crackdown on corporate power that he has helped unleash.“If we revert to a regime of lax antitrust enforcement, that is . . . the prerogative of whoever’s in charge,” Jonathan Kanter, who on Friday resigned as head of the US Department of Justice’s antitrust unit, told the Financial Times in an interview. “But the impact on the public is unmistakable. So my expectation is that if there was a complete U-turn on antitrust, which I don’t expect, that the public…
By Karin Strohecker LONDON (Reuters) – Some World Bank staff have criticised an assessment of Ethiopia’s finances conducted with the International Monetary Fund, questioning whether the analysis that underpins the country’s debt restructuring may be “faulty”. In an internal paper seen by Reuters, World Bank consultant Brian Pinto and its chief economist Indermit Gill assess the Debt Sustainability Analysis (DSA), dated July and prepared by the IMF and staff of the International Development Association (IDA), the World Bank’s fund for poorest nations. The authors suggest that based on the DSA, Ethiopia is facing a short-term liquidity crunch, and not a…