Biden Declares ‘Detroit is back’ as he Lauds Shift to Electric Vehicles
President Joe Biden took a victory lap on Wednesday at the Detroit auto show, highlighting automakers...
California Alleges Amazon.com Stifled Price Competition in Lawsuit
California filed a lawsuit against Amazon.com on Wednesday, alleging that the company violated antitrust...
NYC Homeless Shelters Buckling Under the Weight of a Flood of Migrants Bused in From Texas
New York’s already stressed shelter system is buckling under the weight of thousands of migrants being...
Kuehne Raises Lufthansa Stake to 17.5% as Germany Sells Remaining Shares
BERLIN/ZURICH — Logistics entrepreneur Klaus-Michael Kuehne has increased his stake in Lufthansa to 17.5%...
UBS To Boost Dividend, Sees Buybacks Above 2022 Target
ZURICH — UBS Group plans to increase its dividend by 10 percent and expects 2022 share repurchases to exceed its $5 billion goal, the Swiss bank said, boosting payouts from its strong balance sheet after...
IMF’s Georgieva Says Central Bankers Must Be ‘Stubborn’ in Fighting Inflation
WASHINGTON — Central bankers must be persistent in fighting broad-based inflation, International Monetary Fund chief Kristalina Georgieva said on Wednesday, Sept. 14, conceding that many economists were wrong when they predicted last year that inflation...
Germany, EU Race to Fix Energy Crisis
BERLIN/FRANKFURT — Germany will step up lending to energy firms at risk of being crushed by soaring gas prices, it said on Tuesday, Sept. 13, as Europe readied proposals to help households and industry cope...
Overcoming Artist’s Block Part II – Ensure Your Physical Well-Being
Artist’s block may seem like a mere state of mind. Since creativity is intangible, it's easy to assume that we just need to make some mental space for it to return. However, studies have shown...
Chinese Companies Lay Roots in Mexico to Evade US Tariffs
Mainland Chinese companies are laying down roots in Mexico in order to exploit a loophole around U.S. import tariffs. The issue came to light in a Sept. 13 Bloomberg article, which described the anecdote of...
Stubbornly High Rents, Food Prices Boost US Inflation in August
U.S. consumer prices unexpectedly rose in August and underlying inflation accelerated amid rising costs for rents and healthcare, giving the Federal Reserve ammunition to deliver a third 75 basis points interest rate hike next Wednesday....
Wall Street Tumbles to Biggest Loss in Two Years Following CPI Data
A broad sell-off sent U.S. stocks reeling on Tuesday after a hotter-than-expected inflation report dashed hopes that the Federal Reserve could relent and scale back its policy tightening in the coming months. All three major...
Wells Fargo CFO Says There Will Be Stress as Economy Slows
Wells Fargo & Co is seeing loan growth moderating after strong growth so far this year and witnessing downward pressure on mortgage revenue as consumers feel the effect of higher interest rates, its chief financial...