BofA CEO: Struggling Americans feel they are in a recession
NEW YORK (AP) — The CEO of Bank of America said the recent debate over whether the U.S. economy is…
August 17, 2022
NZ’s Auckland Airport Predicts Profit In 2023 After Two Years Of Loss
(Reuters) – Auckland International Airport Ltd on Thursday posted a second straight year of loss but said it would return…
Return of the meme stock: Bed Bath & Beyond shares skyrocket
NEW YORK (AP) — After a quiet first half of 2022, the meme stock is back. Beyond and back, in…
Fed Minutes Show More Rate Hikes Coming, But Pace Could Slow
By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials saw “little evidence” late last month that U.S. inflation pressures were…
Bank of America’s overdraft fees down 90% under new policy
NEW YORK (AP) — Bank of America says the revenue it gets from overdrafts has dropped 90% from a year…
Fed saw evidence of a slowing economy at its last meeting
WASHINGTON (AP) — Federal Reserve officials saw signs that the U.S. economy was weakening at their last meeting but still…
Canadian Pension Fund CDPQ Explores Legal Options Over Failed Crypto Firm
By Niket Nishant and Divya Rajagopal (Reuters) -Canada’s second-largest pension fund Caisse de dépôt et placement du Québec (CDPQ) is…
Railroads back plan calling for 24% raises but workers wary
OMAHA, Neb. (AP) — The major freight railroads signaled they’re ready to negotiate a new deal with their workers based…
U.S. Freight Railroads Say Board Wage Recommendations Will Guide Worker Contract Agreement
By Lisa Baertlein and David Shepardson LOS ANGELES (Reuters) -The committee representing U.S. freight railroads in labor talks with their…
Egypt’s central bank governor resigns as economic woes mount
CAIRO (AP) — Egypt’s central bank governor resigned Wednesday as the Middle East’s most populous nation struggles to curb inflation…