Powell stresses message that US job market is cooling, a…

Posted by July 10, 2024

WASHINGTON -- Federal Reserve Chair Jerome Powell on Wednesday reinforced a message that the Fed is paying growing attention to a slowing job market and not onl

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QBE to cut back North American business

Posted by June 18, 2024

The news: Insurance giant QBE has reaffirmed its half-year premium growth guidance despite a decision to start an orderly closure of its North America middle-ma

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World Bank boosts forecast: Strength of US economy will support…

Posted by June 11, 2024

WASHINGTON -- The World Bank upgraded its outlook for the global economy Tuesday, estimating that it will expand 2.6% this year on the strength of sustained gro

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Some grumble, some patient as Atlantic Union Bank absorbs American…

Posted by June 2, 2024

Atlantic Union Bank of Richmond called this week’s takeover of American National Bank & Trust a success.But some former

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Abrupt shutdown of financial middleman Synapse has frozen thousands of…

Posted by May 22, 2024

NEW YORK -- The bank accounts of tens of thousands of U.S. businesses and consumers have been frozen in the aftermath of the abrupt shutdown and bankruptcy of f

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