Financial Services

US stocks fall after jump in wholesale prices last month
Dec 14, 2021

US stocks fall after jump in wholesale prices last month

Stocks fell in afternoon trading Tuesday as traders took in the latest sign that inflation is still running high ahead of the Federal Reserve’s last meeting of the year


Insurer agrees to $800M settlement in Boy Scouts bankruptcy
Dec 14, 2021

Insurer agrees to $800M settlement in Boy Scouts bankruptcy

Attorneys in the Boy Scouts of America bankruptcy case have reached a tentative settlement under which one of the organization’s largest insurers would contribute $800 million into a fund for victims of child sexual abuse


Data indicate omicron is milder, better at evading vaccines
Dec 14, 2021

Data indicate omicron is milder, better at evading vaccines

An analysis of data from South Africa shows the omicron variant appears to cause less severe disease than previous versions of the coronavirus, and the Pfizer vaccine seems to offer less defense against infection from it but still good protection against hospitalization


NATO chief applies for job as Norway's central bank governor
Dec 14, 2021

NATO chief applies for job as Norway's central bank governor

NATO Secretary-General Jens Stoltenberg says he has applied to be the next governor of Norway’s central bank in an appointment that would last for six years if he gets the job


Stocks pull back from records, weighed down by tech, energy
Dec 13, 2021

Stocks pull back from records, weighed down by tech, energy

Stocks pulled back below their recent record levels on Wall Street Monday as the market's momentum slowed down following its best week since February


Turkey's Central Bank intervenes as currency hits record low
Dec 13, 2021

Turkey's Central Bank intervenes as currency hits record low

The Turkish currency has dipped to an all-time low amid another anticipated interest rate cut later this week and after the S&P credit rating agency downgraded its outlook for Turkey


Stocks end higher, closing out best week since February
Dec 10, 2021

Stocks end higher, closing out best week since February

A late wave of buying sent stocks to solid gains on Wall Street Friday, sending the S&P 500 to another record high


Dec 6, 2021

Hedge fund founder Steinhardt will return looted antiquities

The Manhattan district attorney says billionaire hedge fund manager Michael Steinhardt has agreed to turn over $70 million worth of stolen antiquities


Stocks slump after murky jobs report as markets swing
Dec 3, 2021

Stocks slump after murky jobs report as markets swing

Wall Street closed out a bumpy week with more losses on Friday following a mixed reading on U.S. jobs markets that investors said was tough to parse


Dec 3, 2021

Chinese developer warns it may may run out of money

A troubled Chinese developer struggling under $310 billion in debt has warned it may run out of money to “perform its financial obligations."



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.