The number of jobless claims has dropped to its lowest point in two months, indicating that the labor market continues to demonstrate resilience despite ongoing trade wars. This […]
Banks
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European Central Bank Cuts Interest Rates Amid Trade Tensions
The European Central Bank (ECB) has cut its main interest rate by 0.25 percentage points, citing escalating trade tensions following US President Donald Trump’s tariffs which have ignited […]
Markets
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Stock Market Fluctuates Amid Reports on Trump and Powell
The Dow experienced a significant drop of 500 points, while the S&P 500 saw a bounce due to reports indicating that President Trump is unlikely to fire Federal […]
Banks
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Global Payments to Acquire Worldpay for $24.25 Billion, Divesting Issuer Solutions Unit
Global Payments is set to acquire Worldpay in a $24.25 billion deal involving Fidelity National Information Services (FIS) and private equity firm GTCR, while simultaneously divesting its Issuer […]
Technology
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Nvidia Stock Gains Amid TSMC Boost Despite Tariff Turmoil
Nvidia’s stock has seen an uptick, attributed partly to a boost from its manufacturing partner TSMC, despite ongoing concerns related to President Trump’s tariff policies. Investors are seeking […]
Banks
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American Express’s Wealthy Cardholders Show Resilience Amid Tariff Concerns
American Express’s affluent cardmembers continue to spend robustly, with younger customers driving growth in first-quarter transaction volumes, according to Chief Financial Officer Christophe Le Caillec. Billed business on […]
Banks
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Global Payments to Acquire Worldpay and Divest Issuer Solutions
Global Payments Inc. has announced definitive agreements to divest its Issuer Solutions business to FIS for $13.5 billion and acquire Worldpay from GTCR and FIS for a net […]
Technology
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Judge Rules Google Holds Illegal Monopolies in Online Ad Tech Markets
A federal judge has ruled that Alphabet’s Google illegally dominated two markets for online advertising technology. U.S. District Judge Leonie Brinkema in Alexandria, Virginia, determined that Google unlawfully […]
Technology
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Trump Administration Halts Construction of Major Offshore Wind Project in New York
The Trump administration has taken a significant step by issuing an order to halt the construction of a major offshore wind project off the coast of New York. […]
Technology
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Zuckerberg Faces Scrutiny in FTC Antitrust Trial
The ongoing FTC antitrust trial against Meta has brought CEO Mark Zuckerberg into the spotlight, revealing key insights into the company’s strategic decisions. Testimonies indicate Meta considered blocking […]