The world’s largest automaker was forced to suspend operations at all 14 of its assembly plants in Japan last week due to a software glitch.
Category: News
Interest Rates May Rise Again, Fed Warns
The Federal Reserve may need to raise interest rates further to cool down the US economy and bring inflation under control, according to a senior Fed official.
Schwab Capitalizes on Higher Yields with a $2.5 Billion Bond Issue
Charles Schwab Corp. has announced plans to raise up to $2.5 billion through a debt offering, capitalizing on a recent surge in investor interest towards higher yields in the corporate bond market.
BA Owner Raises Profit Forecast as Travel Demand Rebounds
IAG reports a strong rebound in travel demand, reaching 97% of pre-pandemic capacity and expecting higher profit for the year.
US Job Creation Robust Despite Banking Crisis
Despite a banking crisis that threatens the global economy, the US added 253,000 jobs in April and lowered its unemployment rate.
First Republic Bank Faces Possible Government Takeover
First Republic Bank faces mounting losses from the commercial real estate sector, causing concern as it scrambles to avoid a government takeover.
Fox News Settles Lawsuit Over Election Fraud Claims
Fox News settles a defamation lawsuit filed by Dominion Voting Systems for $788 million, one of the largest settlements ever paid by a media company.
Metro Bank Faces Shareholder Revolt Over Executive Pay Hikes
Metro Bank, the UK’s largest challenger bank, is facing a potential shareholder rebellion over its decision to award hefty pay rises to its top executives […]
IMF Warns of “Perilous Phase” & Global Recession Risk in 2023
The International Monetary Fund warned on Tuesday that the world economy was entering a “perilous phase” of low growth and high inflation, and that there […]
Banking Crisis ‘Not Yet Over’, JPMorgan Boss Warns
In his annual letter to shareholders, the chief executive of JPMorgan Chase, one of the world’s largest banks, warned that the banking crisis triggered by […]