HSBC, one of the world’s largest banks, finds itself under a glaring spotlight as its green credentials come under fresh scrutiny. Activist shareholders are raising critical questions. They are urging the Asia-focused banking giant to provide clarity on its ambitious plans. These plans involve investing up to $1 trillion in sustainable finance in the coming […]
Following the latest meeting of the Federal Reserve, Chair Jerome Powell hinted at the possibility of interest rate reductions this year. He also acknowledged the persistent threat of inflation during a highly anticipated press conference. Powell’s remarks underscored the central bank’s cautious approach amidst ongoing economic uncertainties. While leaving the door open for potential rate […]
In a highly anticipated decision, the Bank of Canada has opted to keep its key interest rate unchanged, signaling a cautious approach amidst evolving economic conditions. The decision, announced today by Governor Tiff Macklem, comes amid mounting speculation about the central bank’s stance on monetary policy. Interest Rate Status After careful deliberation, policymakers at the […]
Stocks Fall – Stocks and bond yields fell Thursday, pressured by weak corporate earnings reports and economic data reinforcing investors’ recession fears. Major indexes dropped at the opening bell, recovered much of their losses shortly after midday and tumbled again in afternoon trading, snapping a two-day lull when New York-listed shares barely budged. The S&P […]
Home Sales – Sales of previously owned homes fell in March from the prior month as higher mortgage rates slowed buying activity. US existing-home sales, which make up most of the housing market, fell 2.4% in March from the prior month to a seasonally adjusted annual rate of 4.44 million, the National Association of Realtors […]
The cost of raising a child through high school has risen to more than $300,000 because of inflation that is running close to a four-decade high, according to a Brookings Institution estimate. It determined that a married, middle-income couple with two children would spend $310,605—or an average of $18,271 a year—to raise their younger child […]
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