Every living former British prime minister who has quit politics will be called to give evidence in public to a major new anti-corruption lobbying inquiry sparked by the Greensill Capital scandal. The investigation by MPs on the Public Administration and Constitutional Affairs committee (PACAC) will be the biggest and most wide-ranging public ‘show trial’ into the lobbying of officials and […]
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FILE PHOTO: People passes by the Duomo Cathedral, after Lombardy was downgraded from a red to an orange zone, loosening the coronavirus disease (COVID-19) restrictions including allowing non-essential shops to re-open, in Milan, Italy, April 13, 2021. REUTERS/Flavio Lo ScalzoROME (Reuters) – Italy reported 310 coronavirus-related deaths on Saturday against 429 the day before, the health ministry said, while the […]
Read moreJohn Hussman is again sounding alarm bells, warning that stocks could drop 25-35% in the near-term. His concerns stem from high valuations and the amount of leverage in the market. He also said investors are likely staring down two decades of negative returns from the S&P 500. See more stories on Insider’s business page. Stocks this month have seemed to […]
Read moreApril 16 (Reuters) – A pension fund filed a lawsuit against Credit Suisse Group AG on Friday in a U.S. court, accusing the Swiss bank of misleading investors and mismanaging risk exposure to high-risk clients, including Greensill Capital and Archegos Capital Management. The pension fund, City of St. Clair Shores Police & Fire Retirement System, based in St. Clair Shores, […]
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ARK Invest has been the talk of Wall Street over the last couple of years, outperforming the market and solidifying its place among the big players in the investments world. Cathie Wood is the founder and head of this investment house, and many have compared her rising star to the likes of Warren Buffett. With famous investors and huge brokerage […]
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BUENOS AIRES (Reuters) – Argentines around capital Buenos Aires are rebelling against tightened pandemic restrictions, brought back in this week as daily COVID-19 cases surged to record highs.Healthcare workers move a patient suffering from the coronavirus disease (COVID-19), on a stretcher in an intensive care unit of a hospital on the outskirts of Buenos Aires, Argentina April 16, 2021. REUTERS/Agustin […]
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FILE PHOTO: Janet Yellen speaks during a panel discussion at the American Economic Association/Allied Social Science Association 2019 meeting in Atlanta, Georgia, U.S., January 4, 2019. REUTERS/Christopher Aluka Berry/File PhotoWASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen and Deputy Secretary Wally Adeyemo met with environmental groups on Friday to discuss ways to leverage the corporate tax system to help address […]
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WASHINGTON (Reuters) -Fewer than 200,000 businesses in the United States may have failed during the first year of the COVID-19 pandemic, a lighter toll than initially feared and one that may have had relatively little impact on unemployment, according to Federal Reserve research.FILE PHOTO: A U.S. flag flutters outside the Brookville Hotel, closed permanently due to the coronavirus disease (COVID-19) […]
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NEW YORK (Reuters) – Excess cash in the financial system has pressured overnight interest rates, in some instances pushing them negative, which, analysts said, could prompt the Federal Reserve to lift the short-term rates it manages.FILE PHOTO: The Federal Reserve building is set against a blue sky in Washington, U.S., May 1, 2020. REUTERS/Kevin Lamarque/File PhotoThe overnight repurchase rate, which […]
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