U.S. Bank Profits Dip As Loan Loss Provisions Jump In Response To Global Uncertainty – FDIC
By Pete Schroeder WASHINGTON (Reuters) – U.S. bank profits dropped 6.5% in the first quarter of 2022 to $59.7 billion,…
May 24, 2022
Social media hammered by mounting questions over advertising
Social media has had a rough 2022 with lingering questions about advertising spending, political ads and a $44 billion takeover…
EU Proposes To Make Seizing Assets Easier, Including Of Sanctioned Oligarchs -document
By Francesco Guarascio and Jan Strupczewski BRUSSELS (Reuters) – The European Commission wants to make it easier to confiscate assets…
Best Buy lowers outlook as Q1 results show inflation’s bite
NEW YORK (AP) — Best Buy Co. posted first-quarter results that showed shoppers pulled back on spending, while higher costs…
Kremlin critic Browder urges squeeze on oligarchs’ enablers
DAVOS, Switzerland (AP) — Kremlin critic Bill Browder wants governments to step up efforts to get to the riches squirreled…
Wall St’s Relief Rally Set To Fade On Snap Shock, Growth Fears
By Devik Jain and Anisha Sircar (Reuters) -U.S. stock indexes were set to fall on Tuesday following a strong relief…
Qatar Investment Authority Cannot Exit Russian Market
DOHA (Reuters) – The Qatar Investment Authority cannot exit the Russian market and is waiting to assess its position there…
Stock market slump unsettling Americans eying retirement
Americans on the cusp of retiring are facing a tough choice as they watch their nest eggs shrink: Stay the…
Crypto Markets May Pose Risks To Wider Financial Stability, ECB Warns
By Francesco Canepa and Tom Wilson FRANKFURT (Reuters) -Cryptocurrencies will pose a risk to financial stability if the emerging sector…
Best Buy Sees Bigger Drop In Annual Sales On Inflation Hit
(Reuters) -Electronics retailer Best Buy Co Inc lowered its full-year sales and profit forecasts on Tuesday, as red-hot inflation saps…