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Is a dairy cabinet product about to spark surge for makers?
NEWS INDUSTRY NEWS JUN 24, 2024
Is a dairy cabinet product about to spark surge for makers?

Ozempic-led obesity-treatment craze boosting demand for other products.

Crypto cracks emerge as Bitcoin suffers second-worst week of 2024
NEWS INDUSTRY NEWS JUN 24, 2024
Crypto cracks emerge as Bitcoin suffers second-worst week of 2024

Fed rates speculation is weakening cryptocurrency market sentiment.

Fed finds chinks in Wall Street banks' living wills
NEWS REGULATION AND LEGISLATION JUN 21, 2024
Fed finds chinks in Wall Street banks' living wills

BofA, Citi, Goldman, and JPMorgan must take remedial action on "shortcomings" in wind-down plans, finds regulators.

SEC actions hint at looming "AI washing" crackdown
INVESTING ESG JUN 21, 2024
SEC actions hint at looming "AI washing" crackdown

Recent moves against issuing firms and money managers show some parallels to the regulator's early crypto focus.

BofA says Nvidia drove $8.7B inflows to tech funds
NEWS INDUSTRY NEWS JUN 21, 2024
BofA says Nvidia drove $8.7B inflows to tech funds

But asset allocators are concerned about concentration.

Boost for bonds as European data suggests rate cuts
NEWS INDUSTRY NEWS JUN 21, 2024
Boost for bonds as European data suggests rate cuts

Traders are expecting the ECB to ease monetary policy.

Former Fed president Bullard is bullish on rate cuts
NEWS INDUSTRY NEWS JUN 21, 2024
Former Fed president Bullard is bullish on rate cuts

James Bullard says CPI data supports September easing.

Citi's wind-down plan doesn’t make the grade, says FDIC
NEWS INDUSTRY NEWS JUN 21, 2024
Citi's wind-down plan doesn’t make the grade, says FDIC

Regulator's board voted that the bank’s plan is deficient.

Supreme Court upholds foreign income tax on US businesses
RETIREMENT TAX JUN 20, 2024
Supreme Court upholds foreign income tax on US businesses

Seven justices ruled in favor of the divisive Trump-era tax measure, potentially setting back calls for a wealth tax.

The AI jobs threat is biggest for banking, says Citi
NEWS INDUSTRY NEWS JUN 20, 2024
The AI jobs threat is biggest for banking, says Citi

Some two-thirds of jobs across the sector could be automated or augmented by the technology.