Category Archives:
U.S. Supreme Court to hear Biden’s bid to reinstate student debt plan
By Andrew Chung (Reuters) - The U.S. Supreme Court on Thursday agreed to hear President Joe Biden's bid to reinstate his plan to cancel billions of dollars in student debt after it was blocked by a lo...
Dec 01, 2022
U.S. Fed weighing changes to bank capital rules to better account for unexpected stress -Barr
(Reuters) - The U.S. Federal Reserve's regulatory chief said on Thursday the central bank is exploring adjustments to bank capital requirements, noting the inability of supervisors to predict unexpect...
Dec 01, 2022
Self-portrait of artist who fled Nazis sells for 23 million euros in Germany
BERLIN (Reuters) - A striking self-portrait created by artist Max Beckmann during World War Two after he fled Nazi Germany was sold for 23.2 million euros on Thursday, a record price for a painting au...
Dec 01, 2022
Brazil posts record trade surplus for November boosted by sales to China
BRASILIA (Reuters) - Brazil posted a record trade surplus for November, official data showed on Thursday, driven by booming exports, with emphasis on sales to China. According to the Economy Ministry,...
Dec 01, 2022
Banks in Morton, Springfield to merge
MORTON, Ill. – A bank group based in Morton is acquiring a bank group based in Springfield. Morton Community Bank will merge with Marine Bank in the second quarter of next year. The total assets...
Dec 01, 2022
Chicago Fed hires Austan Goolsbee as new chief as Evans prepares to exit
(Reuters) - The Federal Reserve Bank of Chicago's board of directors hired Austan Goolsbee, a University of Chicago Booth School of Business economist and former White House economic advisor, to lead ...
Dec 01, 2022
Twitter offers advertisers incentives after many marketers left platform – WSJ
(Reuters) - Twitter Inc is offering advertisers incentives to increase their spending on the platform to jump-start its business after Elon Musk's takeover prompted many companies to pull back, the Wa...
Dec 01, 2022
Factbox-Crypto companies crash into bankruptcy
By Dietrich Knauth (Reuters) - 2022 has been a rough year for the crypto industry. The price of bitcoin has dropped 65% since the start of the year, the cryptocurrency Luna suffered a total collapse i...
Dec 01, 2022
Fisker’s cash tied up in bank guarantees, short-seller report says
(Reuters) - Short-seller Fuzzy Panda Research said on Thursday that Fisker Inc's access to its funds is limited by bank guarantees that set a mininum cash balance, sending the electric-vehicle maker's...
Dec 01, 2022
Fed’s Williams: Too high inflation calls for more Fed rate hikes
NEW YORK (Reuters) - New York Federal Reserve leader John Williams reiterated on Thursday in a television interview his belief that more interest rate rises will be needed to bring down overly high le...
Dec 01, 2022
Peoria, IL, USA
55 °F Sunny
