Latest Financial services News
A small venture capital player becomes a symbol in the fight over corporate diversity policies
NEW YORK (AP) — A venture capital firm that has backed buzzy new companies like restaurant chain Slutty Vegan and beauty brand Live Tinted has become symbolic of the fight over corporate diversity policies since becoming a target of a lawsuit over a grant program for Black women. ...
Coty, Steelcase rise; Eastern Bankshares, AdaptHealth fall, Wednesday, 9/20/2023
NEW YORK (AP) — Stocks that traded heavily or had substantial price changes on Wednesday: Coty Inc., up 51 cents to $11.98. The owner of CoverGirl and other cosmetics gave investors an encouraging sales forecast. Ford Motor Co., down 20 cents to...
Homeowners face rising insurance rates as climate change makes wildfires, storms more common
NEW YORK (AP) — A growing number of Americans are finding it difficult to afford insurance on their homes, a problem only expected to worsen because insurers and lawmakers have underestimated the impact of climate change, a new report says. A report from First Street Foundation...
Student loans are back. Is it time to consolidate your credit card debt?
The federal student loan payment pause that began in March 2020 is ending. Loans began accruing interest on Sept. 1, and borrowers will start making payments in October. But the restart comes at a tricky time for Americans’ finances. Credit card debt is at a record high — $1...
Movie Review: 'Dumb Money' recalls GameStop squeeze, when regular folk put the screws on Wall Street
The little guy — or at least the little guy with a few hundred bucks to sink into the stock market — gets a movie to cheer with “Dumb Money,” the real story of a very recent financial rebellion that shook Wall Street to its loafers. Paul Dano plays our hero here, Keith Gill,...
Liz Weston: Why retirees may want to buy an immediate annuity now
An immediate annuity is an insurance product that provides guaranteed income: You give an insurer a chunk of money, and the company gives you a stream of payments that can last for life. The payments begin within 12 months of purchase. Now may be a good time for retirees to buy an...
IMF warns Lebanon that the country is still facing enormous challenges, years after a meltdown began
BEIRUT (AP) — Four years after Lebanon’s historic meltdown began, the small nation is still facing “enormous economic challenges,” with a collapsed banking sector, eroding public services, deteriorating infrastructure and worsening poverty, the International Monetary Fund warned Friday. ...
Russia raises key interest rate again as inflation and exchange rate worries continue
MOSCOW (AP) — The Central Bank of Russia raised its key lending rate by one percentage point to 13% on Friday, a month after imposing an even larger hike, as concerns about inflation persist and the ruble continues to struggle against the dollar. The increase comes as annualized...
China economic data show signs slowdown may be easing, as central bank acts to support growth
BEIJING (AP) — China's factories picked up their pace and retail sales also gained momentum in August, the government reported Friday, suggesting the economy may be gradually recovering from its post-pandemic malaise. However, despite busy activity in restaurants and stores, the...
Arm Holdings shares gain nearly 25% in biggest initial public offering since late 2021
NEW YORK (AP) — Shares of U.K. chip designer Arm Holdings rose almost 25% in their stock market debut, in the largest initial public offering of shares in nearly two years. The shares opened at $56.10 on the Nasdaq Thursday after having been priced at $51. They closed at $63.59,...
