U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.Read More
U.S. on Track to Add $19 Trillion in New Debt Over 10 Years
Congressional Budget Office projections released on Wednesday suggested rising interest rates and bipartisan spending bills are adding to deficits, amid a partisan fight on fiscal policy.Read More
Gucci’s Owner Needs Some Retail Therapy
One way for Kering to catch up with its main competitor, LVMH, is to shop for new brands. Read More
Glencore Profits Handsomely From Energy Security
The company’s next cash cow is probably copper, but the fortunes for both depend heavily on China.Read More
The U.S. Consumer Bounces Back
The strong labor market, fading pandemic concerns and jump in Social Security benefits helped boost spending last month, and there could be more to come.Read More
SEC Proposes Rule That Could Squeeze Crypto Platforms
Wall Street’s main regulator proposed heightened requirements for businesses that safeguard assets for fund managers.Read More
Biogen Boss Turns Corner on Alzheimer’s Miscues
The biotech company needs to embark on new growth path as former Sanofi CEO Chris Viehbacher takes the helm.Read More
SEC Finalizes Rules to Reduce Risks in Clearance and Settlement
The Securities and Exchange Commission today adopted rule changes to shorten the standard settlement cycle for most broker-dealer transactions in securities from two business days after the trade date (T+2) to one (T+1). The final rule is designed to…Read More
SEC Proposes Enhanced Safeguarding Rule for Registered Investment Advisers
The Securities and Exchange Commission today proposed rule changes to enhance protections of customer assets managed by registered investment advisers. If adopted, the changes would amend and redesignate rule 206(4)-2, the Commission’s custody rule,…Read More
Open Banking Payments Transactions to Grow by $273billion in Just 4 Years
A new study from Juniper Research has found that global open banking payments transaction values will exceed $330billion globally by 2027; up from $57billion in 2023. The report, Open Banking: Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027, predicts that the development of new use cases, such as bill payments via open banking, will drive adoption, […]
