In this article GS The Starling Bank banking app on a smartphone. Adrian Dennis | AFP via Getty Images British digital bank Starling on Thursday reported its debut annual profit as revenues at the firm almost doubled. The lender swung to a pre-tax profit of £32.1 million ($38.3 million) in its fiscal year ending March
Month: July 2022
In this article NCLH It’s one of the most basic laws of economics: When prices rise, demand falls. But despite rising travel costs and inflation, vacationers aren’t showing much interest in canceling their summer plans. Yet, they certainly appear open to changing them. Nearly 70% of those planning summer vacations said they anticipated making changes
The Consumer Financial Protection Bureau headquarters in Washington, D.C. Joshua Roberts/Bloomberg via Getty Images The Consumer Financial Protection Bureau plans to tighten rules around fraudulent money transfers via services like Zelle by pushing banks to repay more customers harmed by these alleged scams, according to a report published Tuesday in The Wall Street Journal. These
The Asian Development Bank has cut its growth forecast for China due to concerns over the country’s zero-Covid approach and strict lockdowns, which put even more pressure on the real estate sector. Gross domestic product growth for the world’s second largest economy is expected to be at 4% in 2022, down from an earlier estimate
Yesterday’s price action in the crypto space doesn’t mean the bear market is over. #Bitcoin #Ethereum #Alts #Inflation #Equities #Stocks #US #Investing #Trading #NYSE #NASDAQ #$BTC #$ETH
In this article UAL United Airlines on Wednesday notched a key profit milestone in its pandemic recovery, but said it will scale back its growth plans through 2023. United reported its first quarterly profit — $329 million — since the Covid-19 pandemic began without the help of federal payroll aid, which expired almost a year
U.S. President Joe Biden spoke with media on July 20, 2022, after disembarking Air Force One at Joint Base Andrews in Maryland. Brendan Smialowski | Afp | Getty Images BEIJING — U.S. President Joe Biden said he expects to speak with Chinese President Xi Jinping by the end of the month. He did not elaborate
Rep. Kevin Brady, R-Texas. Bloomberg | Bloomberg | Getty Images In response to reports that the Biden administration could soon move to forgive student debt, Republican leaders warned Wednesday of “the perils” of such action. “It’s a giveaway to highly educated college grads,” said Rep. Kevin Brady, R-Texas, ranking member of the House Ways and
Sales of previously owned homes in June fell 5.4% from May, according to a monthly report from the National Association of Realtors, as prices set records and rates surged. The sales count declined to a seasonally adjusted annualized rate of 5.12 million units last month, the group said. Sales were 14.2% lower compared with June
Shoppers explore a mostly empty mall in Columbus, Ohio. Matthew Hatcher | Getty Images Don’t expect the stream of departures from retailers’ C-suites to stop anytime soon. Already this year, Gap and Bed Bath & Beyond abruptly replaced their CEOs as the companies’ sales plunged. GameStop fired its chief financial officer in the middle of
(Click here to subscribe to the Delivering Alpha newsletter.) Even if the economy faces two quarters of contraction — the traditional definition of a recession — Josh Friedman thinks it’s strong enough to withstand a more serious slowdown. Friedman is co-founder, co-chairman, and co-CEO of the $26 billion credit giant, Canyon Partners. He sat down with Leslie
MARK RALSTON | AFP | Getty Images So you didn’t win the $555 million Mega Millions jackpot Tuesday night. The glass half-full view? Phew! You dodged a huge tax bill. Of course, you get another shot in the next drawing to land a windfall — and then give a boatload of it to Uncle Sam.
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