China Seeking To Reduce Greenhouse Gas Emissions, Increase Use Of Renewable Energy
China is by far the world’s biggest polluting nation
What Is Chime? Mobile Bank Now Most Valuable Consumer Fintech In US
Chime recently became profitable and is adding hundreds of thousands of users each month.
Billions Lost: How The COVID-19 Pandemic Impacted Renters, Mortgage Holders And Student Loan Borrowers
Mortgage holders fared better than renters and student loan borrowers in making payments
Federal Reserve May Extend Bank Dividend, Buyback Limits As It Starts New Round Of Stress Tests
The last stress test from the summer showed large banks were generally well capitalized
Trump Bans Chinese Apps TikTok, WeChat Starting Sunday, Raising Questions About Oracle-ByteDance Deal
The government cited national security and data collection concerns in its order; president may make final decision later Friday.
Treasury, ByteDance, Oracle Agree To TikTok Transaction, But Trump Holds Veto Power
The president and the White House had accused ByteDance of using the app to access the data of U.S. users
Raytheon Technologies To Cut 15,000 Jobs, Pratt & Whitney, Collins Aerospace Units To Be Hit Hard
The downturn in aviation has hammered Raytheon’s businesses
Wall Street’s Love Affair With Snowflake And Cloud Computing Creates Biggest Software IPO In History
Cloud computing companies have flourished during the pandemic.
Trump Expresses Reservations About Oracle-TikTok Deal Since ByteDance Will Retain Majority Stake
The Treasury Department, ByteDance, and Oracle have reached a tentative deal that would allow Oracle to become TikTok's "trusted technology provider," reports say.
Corporate Bankruptcies: US Companies Going Under Due To Ravages Of The Pandemic, Other Issues
Retail, travel, and energy companies have been particularly hurt by bankruptcies
Federal Reserve Suggests Near-Zero Interest Rates Are Here To Stay For The Long Haul
Two FOMC officials, Kaplan and Kashkari, opposed the policy decision
Europe’s Electricity Grid Slated To Be 80% Carbon-Free By End Of Decade, As Renewables Surge
Electricity generation forms important part of EU’s climate change goals.
US Markets Face Near-Term Volatility. Are We Headed For A 'Lost Decade'?
Despite a surge in equity prices this year, the market remains vulnerable to various trends
OECD Projects Global GDP Will Drop By 4.5% In 2020, Which Is Better Than Expected
The 4.5% decline was an improvement over the 6% drop forecast in June
Global Oil Demand Will Drop Even More Than Previously Expected, IEA Predicts
A renewed wave of COVID-19 is expected to further pressure demand
Potential UBS-Credit Suisse Merger Would Face Regulatory Hurdles
The two largest Swiss Banks, like most banks across Europe, are under pressure to cut costs
Federal Reserve Likely To Keep Interest Rates Near Zero Until 2023, Survey Says
The central bank recently announced a new strategy that will allow inflation to run above its 2% target without enacting policy changes
Solar Power: Bright Future For Renewable Energy Source, But Development Is Uneven
California wildfires present a temporary setback to solar power there, but solar energy has made great strides across the world.
China’s Xi Seeks Closer Europe Ties Closer But EU Presses Beijing To Open Markets, Improve Human Rights
China and EU are at loggerheads over a number of issues, including trade, human rights, climate change
Who Is Yoshihide Suga? Japan's New Prime Minister Rose From Humble Origins
Suga is expected to maintain Abe’s economic, trade security programs
UK Housing Prices Set To Plunge By 14% In 2021 As State Support Programs Wane, Trends Change
Housing prices in the U.K. have defied economic realities this year
UK Blasts Nvidia's $40 Billion Deal To Buy Chip Designer Arm Holdings From SoftBank
Arm is regarded as the crown jewel of the British tech sector; thousands of U.K. jobs could be lost, critics say.
Bank Merger Activity Picks Up After Spring Lull But Uncertainties Pose Risks
August saw nine bank mergers, up from six in each of the prior two months.
BP, Equinor Partner To Develop Offshore Wind Projects In US, As Big Oil Moves Deeper Into Renewable Energy
European oil firms are under pressure by governments, environmentalist to develop renewable energy projects
UK Economy Grew By 6.6% In July, But Progress To Recovery Already Slowing Down
The UK economy remains sharply lower compared to pre-pandemic levels
'Historic Moment' As UK Agrees To Post-Brexit Trade Deal With Japan While Talks With EU Flounder
Critics suggest obtaining a trade deal with Europe is of greater urgency
Corporate And High-Yield Bonds Enjoy Issuance Bonanza, But Can It Last?
Since March, investment-grade corporate and high-yield bonds have enjoyed record amount of sales
30-Year Fixed-Rate Mortgage Sinks To New All-Time Low, Fueling New Wave Of Refinancing
Freddie Mac said that the 30-year fixed-rate mortgage has fallen to an average of 2.86%, the lowest rate in history dating back to 1971.
Reliance Industries Denies Report It Will Offer $20 Billion Stake In Retail Unit To Amazon
Should the deal occur, it would turn Bezos and Ambani into allies, rather than adversaries.
ECB Keeps Rate Policy, Stimulus Program Unchanged While Monitoring Low Inflation, Rising Euro Currency
The European Central Bank is worried about a recent spike in COVID-19 infections in Europe.