Articles

Banking: Megabank head count holds nearly steady in second quarter as lenders compete for business

JPMorgan Chase's second-quarter hiring helped keep combined employment at the six major U.S. banks about flat, as four of the banks reduced their numbers.

: ‘I still couldn’t find a place to lay my head’: How to find a job and housing with a criminal record — and why it’s so hard

An estimated 78 million people in the U.S. have a criminal record, restricting their employment and housing opportunities long after an arrest or conviction.

The Ratings Game: Beyond ‘Barbie’: Mattel delivers jolt of reality ahead of rival toy makers’ results

After Barbie maker Mattel’s second-quarter results, analysts are looking ahead to Hasbro and Funko’s respective results.

: House Financial Services Chair McHenry blames Biden administration for sinking stablecoin bill

The leader of the powerful House Financial Services Committee blamed the Biden White House for nixing a bipartisan deal on stablecoin regulations Thursday.

Economic Report: ‘The housing recession is over,’ real-estate group says, as pending home sales tick up for the first time in 4 months

U.S. pending home sales rose in June, the National Association of Realtors said on Thursday.

: Federal prosecutors drop campaign finance charges against big Democratic donor Sam Bankman-Fried

The accused crypto-fraudster had been the second-biggest donor to Democratic campaigns in 2022

Economic Report: U.S. jobless claims drop to the lowest level since February

Initial jobless benefit claims fell by 7,000 to 221,000 in the week ended July 22, the Labor Department said Thursday. That is the lowest level of claims since February.

Economic Report: U.S. durable goods orders climb 4.7% led by Boeing contracts

Orders for long-lasting goods made in America jumped 4.7% in June due to a flush of new contracts for Boeing passenger planes.

: European Central Bank lifts rates by 25 basis points, pledges ‘data-dependent’ approach

The European Central Bank on Thursday delivered a widely expected rate hike, saying inflation remains too high.

Earnings Results: Mastercard earnings bring the latest signal of healthy spending

Mastercard became the latest payments company to call out healthy spending levels as it beat profit expectations for its latest quarter.

Metals Stocks: Gold prices climb after latest Fed rate hike

Gold prices were higher on Thursday, as U.S. Treasury yields and the dollar slipped, a day after the Federal Reserve raised its policy interest rate by 25 basis points while Chairman Jerome Powell delivered a press conference with few surprises.

: New York Community Bancorp’s profit up 148% with boost from Signature Bank acquisition, as stock rises

Profit tops analyst estimates as bank absorbs business from its purchase of Signature Bank in a deal brokered by the Federal Deposit Insurance Co.
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