The Street is patiently waiting for tomorrow’s decision after the Federal Reserve’s two-day meeting and hope for a statement that will help them better guess the central bank’s next move on interest rates.
Tag: Economy
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TOP TREND 2024: BANKS GO BUST
Moody’s is reviewing the financial health of six regional banks and may downgrade their outlook because of their heavy exposure to commercial real estate loans, the ratings service said last week.
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SPOTLIGHT: BIGS GETTING BIGGER
Identity management firm CyberArk Software is acquiring Venafi, whose technology identifies bots and machines on a network, for $1 billion in cash and about $540 million in stock.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Earlier this month, China’s government revealed a plan for state-owned companies to buy some of the millions of unfinished apartments littering the nation and convert them to affordable housing for low- and middle-income households.
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TOP TREND 2024: EV GO FU
President Joe Biden’s 102.5-percent tariffs on Chinese electric vehicles (EVs) entering the U.S. drew headlines earlier this month. What drew less attention but is far more impactful is the tripling of tariffs on EV batteries and parts.
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TOP TREND 2023: OFFICE BUILDING BUST
For the first time since the Great Recession, highly-rated bonds backed by commercial real estate loans are beginning to see losses.
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SPOTLIGHT: BIGS GETTING BIGGER
American International Group (AIG) is selling control of Corebridge Financial, its life insurance and retirement funding division, to Nippon Life Insurance, Japan’s largest insurer, for about $3.8 billion.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Several cities in China are enacting a policy authorized recently by Beijing: buying partially built homes from developers and completing the units as affordable apartments for low- and middle-income families.
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TOP TREND 2024, EV GO FU: STRONG HYBRID SALES HELP ASIAN CARMAKERS SHIFT TO EVs
Thanks to a weak yen and strong U.S. demand for gas-electric hybrid cars, Honda and Toyota reported 2023 as their most profitable year yet.
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SPOTLIGHT: LUXURY INDUSTRY IN TRANSITION
British luxury brand Burberry reported £418 million in adjusted operating profit in fiscal 2024, which ended 30 March. The company had projected a net of £410 million to £460 million.