Political/General News
- Market
CDC data show 74% of people who tested positive for the virus in Massachusetts outbreak were fully vaccinated
A federal investigation into a COVID-19 outbreak earlier this month in a Massachusetts county that’s home to Cape Cod found…
Read More » - Market
MacKenzie Scott and Melinda French Gates join forces on $40 million donation to promote gender equality
An initiative from philanthropists Melinda French Gates, MacKenzie Scott and the family foundation of billionaire Lynn Schusterman awarded $40 million…
Read More » - Market
‘It feels like we are getting hit by a train’: Florida’s coronavirus cases jumped 50% this week
FORT LAUDERDALE, Fla. (AP) — Florida’s coronavirus cases jumped 50% this week, the state Health Department reported Friday, continuing a…
Read More » - Market
2-year and 10-year Treasurys in July book largest monthly yield drop since March of 2020
Treasury yields ended lower on Friday, with the 2- and 10-year rates notching their biggest one-month drops in over a…
Read More » - Market
Trump told Justice Department officials to declare election results ‘corrupt’ and ‘leave the rest to me and the [Republican] Congressmen’: contemporaneous notes
WASHINGTON (AP) — President Donald Trump urged senior Justice Department officials to declare the 2020 election results “corrupt” in a…
Read More » - Finance
Monzo faces FCA scrutiny over financial crime controls
Monzo has warned for the second consecutive year that there is “material uncertainty” over whether it can turn a profit…
Read More » - Finance
Freshfields profit per partner gains to almost £2m in wake of Magic Circle pandemic boom
Freshfields Bruckhaus Deringer has become the latest major law firm to report a jump in revenue and profit as the City’s legal sector…
Read More » - Finance
Investors call for vote on companies’ climate change plans
A group of more than 50 asset managers is calling for companies to disclose details of their progress on tackling…
Read More » - Market
Amazon stock falls 6% as pandemic sales boom appears to stall
Amazon.com Inc. sales growth slowed down in the second quarter of the year as bricks-and-mortar stores reopened across the U.S.,…
Read More » - Market
Biden expected to outline requirement for federal workers to get vaccinated or face regular tests in latest push for U.S. vaccine program
President Joe Biden is expected to announce later Thursday a plan to require all federal employees to either get vaccinated…
Read More » - Market
The U.S. grew at a 6.5% pace in the spring, GDP shows, as economy rallied from Covid
The numbers: The U.S. grew at a blistering pace in the spring and repaired much of the damage caused by…
Read More » - Market
Treasury yields inch up ahead of U.S. GDP report, jobless claims
U.S. Treasury yields edged higher on Thursday as fixed-income investors prepped for a report on second quarter economic growth and…
Read More » - Finance
View: Why quashing Tom Hayes’ Libor conviction could spell a new era for the City
Tom Hayes stands within a whisker of rewriting his role in one of the biggest scandals to grip financial markets…
Read More » - Finance
Ex-Lanistar staff allege bullying, sexism, and a ‘loser’s table’ for missing targets
Staff at celebrity-promoted fintech startup Lanistar were routinely sexually harassed and bullied over the past year, according to the accounts…
Read More » - Market
Google delays workers’ return to the office until mid-October, and will require vaccinations
SAN RAMON, Calif. (AP) — Google GOOG, -0.30% is postponing a return to the office for most workers until mid-October…
Read More » - Market
With some GOP support, Senate votes to start work on $1 trillion infrastructure bill
WASHINGTON — The Senate voted Wednesday night to begin work on a nearly $1 trillion national infrastructure plan after President…
Read More » - Market
CDC head takes to the airwaves to sell change on face masks, as delta variant of SARS-COV-2 spreads to 132 countries
The head of the Centers for Disease Control and Prevention took to the airwaves on Wednesday to explain her agency’s…
Read More » - Market
Home Depot uses Bluetooth to prevent stolen items from working and combat organized retail crime
Home Depot Inc. is using Bluetooth to deter organized retail crime, such as coordinated groups that steal from the retailer…
Read More » - Finance
Abrdn boss on why flexible working is here to stay: ‘We’ve proved remote work on a large scale can be effective’
The City is slowly stirring back to life, with the lifting of Covid restrictions in England on 19 July prompting…
Read More » - Finance
FCA looks to force companies to explain board-level diversity
The City watchdog has launched a consultation on changes to its listing rules which would require companies to publish “comply…
Read More » - Market
Deutsche Bank 2Q Profit Beats Estimates Amid Lower Provisions — Update
By Mauro Orru Deutsche Bank AG posted profit ahead of analysts’ expectations for the second quarter as provisions for credit…
Read More » - Market
Feds sell one-of-a-kind Wu-Tang Clan album forfeited by ‘Pharma Bro’ Martin Shkreli
A one-of-a-kind Wu-Tang Clan album that had been owned by jailed pharmaceutical executive Martin Shkreli has been sold by the…
Read More » - Market
U.S. to keep international travel restrictions in place as coronavirus surges
WASHINGTON — The United States served notice Monday that it will keep existing COVID-19 travel restrictions on international travel in…
Read More » - Market
CDC expected to reverse policy on face masks later Tuesday, amid reports of breakthrough infections with delta variant of COVID-19
Reports of breakthrough infections with the delta variant of the coronavirus-borne illness COVID-19 in Americans who are fully vaccinated has…
Read More » - Market
House select committee on Jan. 6 riot at U.S. Capitol convenes first hearing, with police officers set to testify
WASHINGTON (AP) — A committee investigating the Jan. 6 Capitol insurrection opened its first hearing Tuesday with a focus on…
Read More » - Finance
Standard Chartered scraps academic bar in bid to attract diverse apprentice pool
Standard Chartered is offering a route into a front-line investment banking job for those from lower socio-economic backgrounds by scrapping the…
Read More » - Finance
Bankers now face compliance crackdown over Covid rule breaches
Compliance rules have always been a headache for City workers. During the pandemic, they are becoming a nightmare. Texts about…
Read More » - Finance
Redundancies spike ninefold for senior managers in financial services on back of Brexit
A nine-fold increase in senior manager redundancies at financial services firms is down to Brexit, as UK companies restructured in the…
Read More » - Market
Fauci confirms U.S. health officials are taking a fresh look at face masks, as COVID-19 cases continue to spread
The U.S. government’s leading health officials are actively considering recommending that even those individuals who are fully vaccinated against COVID-19…
Read More » - Finance
Criminal Commission to consider report claiming Libor rigger Tom Hayes was innocent
The Criminal Cases Review Commission has confirmed it is considering an academic research that claims convicted Libor rigger Tom Hayes was wrongfully…
Read More » - Market
U.S.-listed China education stocks tumble again as Beijing makes industry crackdown official
Beijing’s crackdown on education got Wall Street’s attention anew on Monday, with more downgrades for U.S.-listed shares as analysts tallied…
Read More » - Market
Sales of new homes slump to the lowest level since start of pandemic. High costs and low selection are to blame
The numbers: Sales of new homes in the U.S. fell in June to the lowest level since the first month…
Read More » - Finance
$30bn merger between Aon and Willis Towers Watson axed
Aon and Willis Towers Watson said they have agreed to terminate their roughly $30bn deal and end litigation with the Justice Department, which alleged…
Read More » - Finance
Central bankers need to be put in their place as their sphere of influence grows
In the Forbes list of the World’s Most Powerful People for 2012, Ben Bernanke, then the chair of the US Federal…
Read More » - Finance
SFO’s boss in spotlight as fraud hunters ask: ‘When are they going to do something?’
Some in the City are wondering how sharp the SFO’s teeth are anymore as the UK agency tasked with investigating…
Read More » - Finance
Credit Suisse settles spying case with former executive Iqbal Khan
Credit Suisse has reached a settlement with former international wealth management head Iqbal Khan and private investigators over a spying…
Read More » - Market
Opinion: This is the tipping point for when people vaccinated against COVID-19 should mask up again indoors
With the highly infectious delta coronavirus variant spreading at an alarming rate, the World Health Organization in late June 2021 urged people to again…
Read More » - Market
U.S. not out of the woods with COVID cases rising in all 50 states, CDC head warns, urges unvaccinated to get their shots
The U.S. is not out of the woods yet as COVID-19 cases are rising in all 50 states, driven by…
Read More » - Market
How to watch the Tokyo Olympics for (mostly) free
It’s been delayed a year, will have almost no fans in attendance and there’s a 13-hour time difference with the…
Read More » - Finance
FCA staff receiving stress-related counselling triples in ‘challenging’ pandemic year
The numbers of Financial Conduct Authority staff receiving counselling for “work or external stress” tripled during the first year of a…
Read More » - Finance
Will a government venture capital fund really help private investors?
It is hard to overstate how far the European venture capital industry has come since the turn of the millennium. Although…
Read More » - Market
More than 1 in 10 Americans invested in crypto this year — here’s how they differ from stock market investors
The stock market has more diverse offerings than the crypto market, but the opposite is true when it comes to…
Read More » - Market
Biden says COVID-19 fast becoming pandemic of unvaccinated, hopes children under 12 can join program ‘within months’
The coronavirus pandemic is fast becoming one for those people who have not yet gotten vaccinated, a frustrated President Joe…
Read More » - Market
U.S. existing home sales rebound in June after four months of declines
The numbers: Existing-home sales rose 1.4% to a seasonally adjusted annual rate of 5.86 million in June, the National Association…
Read More » - Finance
Greensill had ‘extraordinarily privileged’ relationship with government, review finds
A review into Greensill Capital’s lobbying of politicians has found that former Morgan Stanley banker Lex Greensill “had a privileged –…
Read More » - Finance
View: Is Brussels taking dirty money seriously?
Preventing and combating money laundering and terrorist financing has been on the EU’s agenda for more than 30 years. The…
Read More » - Finance
Credit Suisse offers pay hikes to keep senior bankers as more depart in wake of Archegos
Credit Suisse is offering pay rises of up to 30% to retain senior dealmakers who have been offered new jobs…
Read More » - Market
Senate infrastructure test vote fails as Republicans push for more details
A procedural vote on a $1 trillion infrastructure plan failed on Wednesday in the Senate, as Republicans sought more time…
Read More » - Market
Senate infrastructure test vote expected to fail as Republicans push for more details
A procedural vote on a $1 trillion infrastructure plan was expected to fail on Wednesday in the Senate, as Republicans…
Read More » - Market
Delta variant of SARS-CoV-2 is now in 124 countries and will likely be dominant strain globally within months, says WHO
The highly transmissible delta variant of SARS-CoV-2, the coronavirus causing the disease COVID-19, is now present in 124 countries and…
Read More »
