The Bank of Canada will soon be allowed to retain some of its earnings to offset financial losses, which could persist for years as the central bank raises rates and reverses its early-pandemic emergency programs, Governor Tiff Macklem said.
Texas Comptroller Glenn Hegar is advocating for an “intellectually honest” conversation with the world’s largest financial institutions on their environmental policies.
Heating oil prices in New York — already at a seasonal record — jumped by 12 cents this week just as a winter storm is about to hit the region with ice and snow.
(Bloomberg) — The Port of Long Beach recorded its second-busiest year, despite a sharp drop in the second half as consumer demand eased and the hub lost business to competing ports on the East and Gulf coasts.
Deribit, the world’s biggest Bitcoin and Ether options exchange, is making plans to relocate to Dubai as soon as the third quarter if authorities in the crypto-friendly emirate provide more clarity on regulations.
Oil and gas companies’ contribution to the S&P 500 Index’s earnings has nearly doubled from a year ago as high commodity prices and spending discipline spur record profits while sectors like technology face recessionary headwinds.
It was probably the happiest commuter crowd New York has ever seen. Sitting shoulder-to-shoulder, riders on the first Long Island Rail Road trip to Grand Central station took selfies, greeted each other and cheered train conductors.
Tesla Inc.’s former chief financial officer told a jury that Elon Musk’s 2018 tweet about taking the company private was at odds with a regulatory preference not to release “material information” in the middle of a trading day.
Ultraconservatives in the House have dominated the public discussion on the US debt ceiling, but Speaker Kevin McCarthy can’t afford to ignore GOP centrists if the country is to avoid a catastrophic payments default later this year.
Last year’s historic slowdown in initial public offerings is leaving a void of earnings data in its wake, hindering investors who want more clarity on the health of the economy and corporate balance sheets.
