Special Counsel Jack Smith arrives to speak to the press at the US Department of Justice in Washington, DC, on June 9, 2023, announcing the unsealing of the indictment against former US President Donald Trump. Mandel Ngan | AFP | Getty Images Lawyers for Donald Trump were told Thursday by […]
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Regulators unveil sweeping changes to capital rules for banks with $100 billion or more in assets
Michael Barr (L), Vice Chair for Supervision at the Federal Reserve and Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testify about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. (Photo by […]
Trump election probe grand jury arrives in D.C. court as indictment speculation grows
Special Counsel Jack Smith arrives to speak to the press at the US Department of Justice in Washington, DC, on June 9, 2023, announcing the unsealing of the indictment against former US President Donald Trump. Mandel Ngan | AFP | Getty Images The grand jury that could soon vote on […]
Meta stock up 6% after earnings as ‘year of efficiency’ pays off
Facebook CEO Mark Zuckerberg at the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Shares of Meta surged more than 6% in early trading on Thursday, a day after the company posted stronger-than-expected results for the second quarter and gave guidance […]
July is set to be the hottest month on record
25 July 2023, Greece, Gennadi: A relief worker, who has been on duty for days, has laid down on a piece of cardboard by the side of the road to rest, in the background the plume of smoke from a newly erupted forest fire in the village of Gennadi. Mediterranean […]
GDP grew at a 2.4% pace in the second quarter, topping expectations despite recession calls
The U.S. economy showed few signs of recession in the second quarter, as gross domestic product grew at a faster than expected pace during the period, the Commerce Department reported Thursday. GDP, the sum of all goods and services activity, increased at a 2.4% annualized rate for the April-through-June period, […]
Meta stock jumps after earnings as ‘year of efficiency’ appears to be paying off
Facebook CEO Mark Zuckerberg at the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan | Getty Images Shares of Meta surged more than 9% in premarket trading on Thursday, a day after the company posted stronger-than-expected results for the second quarter and gave guidance […]
European Central Bank raises rates by a quarter percentage point, says inflation set to remain ‘too high for too long’
The European Central Bank announced a new rate decision Thursday. Daniel Roland | AFP | Getty Images The European Central Bank on Thursday announced a new rate increase of a quarter percentage point, bringing its main rate to 3.75%. The latest move completes a full year of consecutive rate hikes […]
McDonald’s earnings top estimates as diners flock to U.S. and China restaurants
In an aerial view, a sign is posted in front of a McDonald’s restaurant on April 03, 2023 in San Pablo, California. Justin Sullivan | Getty Images McDonald’s on Thursday reported quarterly earnings and revenue that topped analysts’ expectations as its China sales rebound and mascot Grimace drives U.S. visits. […]
Southwest Airlines shares slide as costs rise, unit revenues slip
Southwest Airlines Boeing 737-700 aircraft as seen landing at dusk time at Ronald Reagan Washington National Airport DCA in Arlington County, Virginia over the Potomac River in the United States of America flying over water and buildings. Nicolas Economou | Nurphoto | Getty Images Southwest Airlines shares slid more than […]