US Bank Deposits Increase for First Time in Almost One Month
Deposits at US commercial banks increased for the first time in almost a month at the end of March, indicating stabilization…
Fed’s Mester Says Too Early to Tell if Rate Hikes Needed
President of the Cleveland Federal Reserve Loretta Mester has said it is too early to tell if the Fed will need to raise…
US Factory Orders Fall for Second Consecutive Month
US factory orders fell for a second consecutive month due to a decline in demand for civilian aircraft, with indications that first-quarter…
Canadian Manufacturing Activity Contracts in March
Manufacturing activity in Canada contracted in March following two months of expansion, with economic uncertainty weighing on output and new orders, dampening…
US Appeals Court Rules Against Musk Over Union Tweet
A US appeals court ruled on Friday that Tesla Inc CEO Elon Musk violated federal labor law by tweeting that…
Adidas Backtracks on Opposition to BLM Trademark
Sportswear giant Adidas has backtracked on its opposition to a trademark application from the Black Lives Matter organization featuring three parallel stripes. Adidas…
Global Hedge Funds Reduce Exposure to US Banking Stocks
Goldman Sachs’ prime services weekly report shows that global hedge funds reduced their exposure to US banking stocks to a near…
Musk Stock Offering Values Twitter at $20bn
Elon Musk, the chief executive officer of Twitter Inc, has offered the social media company’s employees stock grants valued at…
Federal Reserve Returned Less Money to US Treasury in 2022
The Federal Reserve returned less money to the US Treasury in 2022 due to rising interest rates, according to an audited financial…
New Starbucks CEO Says He Wants to Lead “Different Kind of Company”
New Starbucks CEO Laxman Narasimhan has said he wants to lead “a different kind of company” that cares about its frontline employees, prior…