US financial system resilient despite challenges, says Fed Governor
Federal Reserve Governor Lisa Cook emphasized the resilience of the U.S. financial system in a speech at Duke University on...
Economy
Cleveland Fed’s Mester to retire next June
Loretta Mester will step down as the president of the Cleveland Federal Reserve in June 2024, the regional Fed bank...
Dubai ruler approves 246.6 billion dirham budget for 2024-2026
DUBAI (Reuters) - Dubai's ruler Sheikh Mohammed bin Rashid al-Maktoum approved a budget of 246.6 billion dirham ($67.14 billion) for...
SolarWinds faces SEC legal action over alleged cybersecurity misrepresentation
The U.S. Securities and Exchange Commission (SEC) initiated legal proceedings against SolarWinds and its Chief Information Security Officer (CISO), Timothy...
Mortgage demand stirs back to life as interest rates plummet
A key measure of home-purchase applications rose for the first time in a month last week as consumer demand stirred...
From oil to crypto, AI chips and interest rates – these are the 13 policymakers who matter in markets
When she was confirmed by the Senate in a close 2022 vote to fill an unexpired term, Fed Governor Lisa...
Fed’s Cook says hopes current policy setting is adequate to settle inflation
WASHINGTON (Reuters) - Federal Reserve Gov. Lisa Cook said she hopes the central bank's current target interest rate is adequate...
CFPB fines Citi $26 million for ‘intentional’ discrimination against Armenian Americans
The Consumer Financial Protection Bureau ordered Citibank to pay $25.9 million in fines and consumer redress for intentional and illegal...
Bank of Canada foresees no further interest rate hikes until April 2024
The Bank of Canada (BoC) anticipates that there will be no additional interest rate hikes in the current cycle, with...
China records lowest foreign investment on record, experts blame new laws for stifling much-needed growth
The Chinese economy recorded the first period of negative foreign direct investment (FDI) in decades, marking another significant and worrying...
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