Author: Press Room
Our experts answer readers' banking questions and write unbiased product reviews (here's how we assess banking products). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on this page.Alexandr Dubynin/Getty Images Credit cards can be convenient and appealing, but there are times it makes more sense to use debit. If you can't pay off your credit card balance, consider a debit card while you pay down that debt. You can also use a debit card to control overspending and to withdraw cash. Conventional wisdom is that it is…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The diversity of candidates presented to clients is, according to recruitment agencies, increasingly critical to their credibility — and their ability to continue winning work. “It’s an absolute given that you will be searching high and low to provide as diverse a slate [of candidates] as you possibly can,” says Shami Iqbal, UK managing partner at executive search company Spencer Stuart. “You have to turn up with a diverse team of your own, as well.”The pressure to improve diversity comes, in some cases,…
© Reuters. FILE PHOTO: Federal Reserve Board Chairman Jerome Powell answers a question at a press conference following a closed two-day meeting of the Federal Open Market Committee on interest rate policy at the Federal Reserve in Washington, U.S., November 1, 2023. Traders on Friday moved to price a smaller chance of Federal Reserve interest-rate hike in coming months after a government report showed U.S. employers hired fewer workers last month and the unemployment rate rose, signs tighter policy is slowing growth. The chance of a Fed rate hike by January fell to around 20% after the report, versus about…
© Reuters. FILE PHOTO: The logo of Calgary-based Enbridge, one of North America’s largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo (Reuters) -Pipeline operator Enbridge (NYSE:) on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids. Low U.S. inventory levels and increased exports as buyers sought alternatives to Russian oil since the Ukraine conflict started last year, have boosted demand for oil that kept pipelines running and lifting profits for oil and gas transportation companies. Calgary, Alberta-based Enbridge…
CLLS, KOD and ACXP among pre-market losers
Vice President Kamala Harris was blasted on social media over a video “announcing the country’s first National Strategy to Counter Islamophobia” with most users taking issue with the timing of the post just weeks after the Hamas terrorist attack on Israel. “Taking on hate is a national priority,” Harris posted on X, rolling out the White House plan to “combat a surge of hate in America.”The timing of the post was immediately criticized on social media, and many also pointed out the recent surge in hate crimes against Jewish people.”On the same day Hamas leadership goes on international TV and declares…
SEOUL, SOUTH KOREA – AUGUST 04: South Korean actress and singer Jun Hyo-seong attends the photo call … [+] for “Estee Lauder Lounge” pop-up store opening event at Seongsu Infomal Square on August 04, 2023 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)ImaZins via Getty Images Estee Lauder (NYSE: EL) reported its Q1’24 results earlier this week (the fiscal year ends in June), with revenues meeting and earnings beating the street estimates. However, the stock plunged 19% following the earnings release due to downbeat guidance. The company reported revenue of $3.5 billion and an adjusted loss…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Santander has agreed to hire the former co-head of Credit Suisse’s investment bank, David Miller, who becomes the latest executive to join from the collapsed Swiss lender.Miller will join Santander’s New York office as vice-chair of its corporate and investment bank and report to its head, José Linares, from January, according to people familiar with the appointment.Santander has already hired dozens of former Credit Suisse investment bankers this year and has set aside $250mn to build out its own investment bank over…
© Reuters. U.S. Secretary of State Antony Blinken speaks to reporters about the war between Israel and Hamas and the situation in Gaza as he boards his aircraft to depart Washington on travel to the Middle East and Asia at Joint Base Andrews, Maryland, U.S., Novembe By Joe Bavier, Nellie Peyton and Bhargav Acharya JOHANNESBURG (Reuters) – U.S. President Joe Biden’s administration wants to work with Congress to improve a U.S.-Africa trade pact, not just renew it without changes, U.S. Secretary of State Antony Blinken said on Friday. The African Growth and Opportunity Act (AGOA), a U.S. trade initiative passed…
© Reuters. BofA warns traders: ‘Everyone now expects big year-end rally’ Money market funds continue to attract the majority of inflows, with total inflows reaching an annualized basis of $1.3 trillion, according to BofA equity strategists. In the week ending November 1, cash funds received $64.2 billion in inflows, bonds saw their fourth consecutive week of inflows at $4.5 billion, while $3.4 billion exited equity funds, and $81 million left gold funds, according to the data provided by EPFR Global. The analysts note that the BofA Bull & Bear Indicator has dropped to 1.4, the lowest level since November 2022.…