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 […]
In a day marked by anticipation, investors received clarity on Wednesday as the Federal Reserve announced its decision to keep interest rates steady while hinting at the possibility of more flexible monetary policies in the coming year. The news was met with enthusiasm on Wall Street, propelling indices to new historic highs. Wall Street Records […]
The White House has urged House Republicans to “swiftly elect a Speaker,” marking the first official response from the administration following the vote that removed Rep. Kevin McCarthy from his leadership role. Speaker of The House White House press secretary Karine Jean-Pierre stated on Tuesday, “President Biden has consistently shown his willingness to collaborate in […]
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 […]
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