Tag: Economic Indicators

Big U.S. banks are prepared for credit-card balances to start ticking up again this year as pandemic restrictions ease and stimulus checks stop arriving, setting up the industry for a bump in one of its most profitable businesses.Lenders, including Capital One (COF.N), Citigroup (C.N) and JPMorgan (JPM.N), have been sending out more promotions to enroll…

Here are five things you must know for Monday, May 24:1. — Stock Futures Point Higher Stock futures pointed to gains for Wall Street Monday after equities closed mixed last week amid renewed bouts of volatility.Contracts linked to the Dow Jones Industrial Average rose 127 points, S&P 500 futures gained 18 points and Nasdaq futures were…

Emerging leader in innovative health and wellness beverages and products, BevCanna Enterprises Inc. ( CSE:BEV, Q:BVNNF, FSE:7BC) (” BevCanna” or the ” Company”) is pleased to announce that it has finalized an agreement with leading North American brand and sales management firm Benefit Holdings LLC, dba Benefit Brand Management. The contract will see Benefit distribute…

U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures.Refinitiv Lipper showed U.S. money market funds received a net inflow of $25.34 billion, a four-fold increase over the…

U.S. money market funds lured massive inflows in the week ended May 19 as investors turned risk averse on concerns over higher inflation levels and chances that the Federal Reserve might scale back its monetary support measures.Refinitiv Lipper showed U.S. money market funds received a net inflow of $25.34 billion, a four-fold increase over the…

Credit Suisse (CSGN.S) has appointed UBS’ Italian head of ultra-high net worth clients Gabriele D’Agosta as head of private banking in the country as it seeks to expand in the domestic wealth market, it said on Wednesday.”Gabriele’s drive and experience will help further develop our team in Italy,” Credit Suisse’s European wealth management head Robert…

The number of Americans filing new claims for unemployment benefits dropped further below 500,000 last week, suggesting job growth picked up this month, though companies still are desperate for workers.

© Reuters. By Geoffrey Smith  Investing.com — A fresh Chinese clampdown sends cryptocurrencies tumbling. The Federal Reserve releases the minutes of its latest policy meeting. Inflation data from around the world show price gains accelerating. Target , TJX and Lowe’s (NYSE:LOW) shed more light on domestic retail strength, and oil prices tumble on reports of progress…

The customer is not always right. Credit Suisse (CSGN.S) Chief Executive Thomas Gottstein has a chance to prove as much in the fight over losses from funds linked to collapsed financier Greensill Capital. Clients are understandably aggrieved, but offering to share the pain would be counterproductive.Credit Suisse Asset Management in March froze $10 billion of…

5/5 © Reuters. FILE PHOTO: Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song/File Photo 2/5 By Stella Qiu and Kevin Yao BEIJING (Reuters) -A metal coatings plant in China’s manufacturing hub has been hit by price increases of up to 30% for raw materials including steel, aluminium,…