Financial Services

China keeps lending rate unchanged as data show housing market is still struggling
Jun 17, 2024

China keeps lending rate unchanged as data show housing market is still struggling

China has kept a key lending rate unchanged despite signs of continued weakness in the second-largest economy's manufacturing and the property sectors


Fight for control of Yemen's banks between rebels, government threatens to further wreck economy
Jun 16, 2024

Fight for control of Yemen's banks between rebels, government threatens to further wreck economy

Yemen’s Houthi rebels and its internationally recognized government are locked in a fight for control of the country’s banks that experts warn is threatening to further wreck an economy already crippled by nearly a decade of war


Stock market today: Wall Street drifts after mixed economic reports, more AI ebullience
Jun 13, 2024

Stock market today: Wall Street drifts after mixed economic reports, more AI ebullience

U.S. stocks are drifting around their records Thursday following some mixed data on the economy, including the latest encouraging update on inflation


Stock market today: Wall Street drifts, but hopes for AI and rates keep indexes near records
Jun 13, 2024

Stock market today: Wall Street drifts, but hopes for AI and rates keep indexes near records

U.S. stocks are drifting following mixed data on the economy, but hopes for coming cuts to interest rates and Wall Street’s continued frenzy around artificial-intelligence technology are keeping indexes near their records


G7 leaders agree to lend Ukraine billions backed by Russia's frozen assets. Here's how it will work
Jun 13, 2024

G7 leaders agree to lend Ukraine billions backed by Russia's frozen assets. Here's how it will work

The leaders of the Group of Seven wealthy democracies have agreed to set in motion a $50 billion loan to help Ukraine


Stock market today: Wall Street rallies after inflation surprisingly slows
Jun 12, 2024

Stock market today: Wall Street rallies after inflation surprisingly slows

U.S. stocks are rallying following a surprisingly encouraging update on inflation


Stock market today: Wall Street opens lower ahead of Fed meeting
Jun 11, 2024

Stock market today: Wall Street opens lower ahead of Fed meeting

Wall Street is opening lower ahead of several key inflation reports this week and the Federal Reserve’s latest interest rate policy decision


An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO
Jun 10, 2024

An investment firm has taken a $1.9 billion stake in Southwest Airlines and wants to oust the CEO

Activist shareholder Elliott Investment Management has taken a $1.9 billion stake in Southwest Airlines and wants to get rid of the CEO


Coffee, sculptures and financial advice. Banks try to make new branches less intimidating
Jun 10, 2024

Coffee, sculptures and financial advice. Banks try to make new branches less intimidating

After years of closing or mostly neglecting physical bank branches across the U.S., the nation’s largest banks are spending hundreds of millions of dollars on refurbishing old locations or building new ones, and in the process changing the look, feel and purpose of the local bank branch


Norwegian wealth fund to vote against Elon Musk's Tesla pay package
Jun 8, 2024

Norwegian wealth fund to vote against Elon Musk's Tesla pay package

Norway’s sovereign wealth fund managed by Norges Bank Investment Management said Saturday it will vote against Elon Musk’s hefty CEO compensation package during Tesla’s annual meeting on Thursday



The Budget Report

Delivers the latest news of various finance and economic status in the ever-changing world economy to make sure everyone is up-to-date with the current trends.