Banking analysts assess the possibility of a banking merger in Italy.Bloomberg | Bloomberg | Getty ImagesMILAN, Italy โ European policymakers have longed for bigger banks across the continent.And Italy might be about to give them their wish with a bumper round of M&A, according to analysts.Years after a sovereign debt...
Category: Finance
Consumer giants from Starbucks to General Mills have one big sales problem: China
Pictured here is a McDonald's store in Yichang, Hubei province, China, on July 30, 2024.Nurphoto | Nurphoto | Getty ImagesBEIJING โ A theme emerging in the latest slew of U.S. companies' earnings reports is a drag from the China market.The Chinese economy โ home to more than four times the...
ETF inflows set record high in July, State Street Global Advisors finds
It's a July for the record books.State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm's head of SPDR Americas research notes it is also the second-largest monthly inflow ever."Part of it is just the market," Matt...
Here’s everything you need to know about the Fed decision coming Wednesday
US Federal Reserve Chair Jerome Powell testifies before the Senate Banking, Housing, and Urban Affairs Hearings to examine the Semiannual Monetary Policy Report to Congress at Capitol Hill in Washington, DC, on July 9, 2024. Chris Kleponis | AFP | Getty ImagesThis week's Federal Reserve meeting is not much about the...
Climate change is gentrifying neighborhoods. In Miami, residents fear high prices โ and a lost soul
A development towers over the Lyric Theater in Miami's Overtown neighborhood.Greg IacurciMIAMI โ Nicole Crooks stood in the plaza of the historic Lyric Theater, a royal blue hat shielding her from the midday sun that baked Miami.In its heyday, the theater, in the city's Overtown neighborhood, was an important cultural...