News

Some NYCB deposits may be a flight risk after Moody’s downgrades ratings again

Moody's slashed one of New York Community Bank's key ratings for the second time in a month.

'Last chance saloon': UK finance minister expected to pledge pre-election tax cuts

Economists expect U.K. Finance Minister Jeremy Hunt to use a small fiscal windfall to deliver a modest package of tax cuts at his Spring Budget on Wednesday.

‘One of the most important innovations in investing’: TMX CEO jumps deeper into ETFs

The Toronto Stock Exchange’s parent company acquired ETF education company VettaFi. According to CEO John McKenzie, it will help with ETF growth worldwide.

Wall Street is worried about NYCB's loan losses and deposit levels as stock sinks below $4

NYCB restated recent quarterly earnings lower by $2.4 billion, formally replaced its CEO and delayed the release of a key annual report.

Shares of NYCB fall 18% after bank discloses 'internal controls' issue, CEO change

The regional bank has been under pressure in recent months, in part due to concerns about its exposure to commercial real estate.

'Ghosting' gets more common in the job market: It’s not a 'passing fad,' report notes

Job applicants and employers are increasingly ghosting each other, data suggests. That behavior may be unwise, according to career experts.

Geely-backed car tech company takes aim at Nvidia's growing auto business

The electric car rush is creating demand for in-vehicle tech that companies from Nvidia to Huawei are chasing.

Paramount falls short of revenue expectations but posts surprise profit, strong streaming results

Paramount+ reached 67.5 million subscribers during the period, a net increase of 4.1 million, and recorded 69% revenue growth year over year.

Online trading platform Webull is set to go public via a $7.3 billion SPAC deal

The New York-based online brokerage will combine with SK Growth Opportunities Corporation in the second half of the year.

In wake of AT&T outage, consumer advocates say you should always ask for money back if there’s a blackout

AT&T says it's issuing account credits automatically due to a service blackout. It generally behooves consumers to ask for such reimbursements proactively.

China doubles down on national security, expanding its state secrets law

Chinese President Xi Jinping on Tuesday signed an order to formally adopt revisions to a law on "Guarding State Secrets," according to state media.

Baylor University outperformed the Ivy League to top university endowment performance rankings. Here’s how

Baylor University’s Chief Investment Officer David Morehead takes an active approach to managing the school’s endowment.
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