In this article OCBC-SG UOBH-SG DBSM-SG Automated teller machines of the three Singapore-listed banks: OCBC, DBS and UOB. Munshi Ahmed | Bloomberg | Getty Images SINGAPORE — Shares of Singapore’s top three banks rose Thursday after the country’s financial regulator lifted a cap on dividend payouts that was implemented following the Covid-19 pandemic. Singapore’s largest
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The Federal Reserve on Wednesday held its benchmark interest rate near zero and said the economy continues to progress despite concerns over the pandemic spread. As expected, the Federal Open Market Committee concluded its two-day meeting by keeping interest rates in a target range near zero. Along with that, the committee reiterated its view that
U.S. Speaker of the House Rep. Nancy Pelosi arrives at a weekly news conference at the U.S. Capitol July 28, 2021 in Washington, D.C. Alex Wong | Getty Images News | Getty Images House Speaker Nancy Pelosi suggested on Wednesday that people who believe President Joe Biden can forgive student debt on his own are
The families of roughly 60 million children received their first installment of the enhanced Child Tax Credit payments on July 15. We’re here to bust some of the common misconceptions surrounding the payments. 1. You can keep these payments. Many families have expressed concern over keeping the money fearing they’ll have to pay it back
Major credit ratings agencies this week downgraded China’s most indebted property developer Evergrande, as concerns over Asia’s junk bond sector rise. Fitch Ratings on Wednesday downgraded China Evergrande one notch from B to CCC, saying that the negative developments surrounding Evergrande may weaken investor confidence, further pressuring its liquidity. A rating of CCC means there’s
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Gymnastics superstar and defending Olympic champion Simone Biles decided to withdraw from Thursday’s individual all-around competition at the Tokyo Games to focus on her mental health. Biles shared that she was experiencing a mental issue known as the “twisties.” “They saw it a little bit in practice … having a little bit of the twisties,”
In this article FB CEO of Facebook Mark Zuckerberg walks to lunch following a session at the Allen & Company Sun Valley Conference on July 08, 2021 in Sun Valley, Idaho. Kevin Dietsch | Getty Images Facebook is set to report its second-quarter earnings after market close on Wednesday. Here’s what Wall Street is expecting:
Photo Illustration by Pavlo Gonchar SOPA Images | LightRocket | Getty Images Robinhood, whose stock trading app has surged in popularity among retail investors, sold shares in its IPO at $38 a piece, according to a person familiar with the matter. That values the company at about $32 billion. Ahead of its Nasdaq debut on
In this article AMZN Sen. Elizabeth Warren on Wednesday reignited her push for a tax on the wealth of the richest Americans and called out billionaire Amazon founder and nascent space-tourism magnate Jeff Bezos for what she views as his failure to pay his fair share. “I want to see us tax wealth, however your
Yuriko Nakao | Getty Images The U.S. Marshals Service, one of the primary law enforcement agencies of the Department of Justice, has hired custodian Anchorage Digital for cryptocurrency seized or forfeited in various criminal cases. The Marshals Service has spent more than a year seeking a custodian and financial services provider for its stockpile of
People line up outside a newly reopened career center for in-person appointments in Louisville, Kentucky, U.S., April 15, 2021. Amira Karaoud | Reuters There’s good news for some who claimed unemployment benefits in 2020. The IRS is sending another 1.5 million refunds to people who were taxed on unemployment income last year before a portion
The Federal Reserve said Wednesday it will keep its benchmark interest rate near zero despite signs inflation is heating up. While rising prices brought on by supply constraints and a sudden spike in consumer demand are paving the way for the Fed to unwind last year’s bond buying, the central bank said it is sticking with ultra-accommodative
The hottest earnings charts aren’t always what you might think.
A person wears a mask while walking in Grand Central Terminal on July 27, 2021 in New York City. Spencer Platt | Getty Images The Centers for Disease Control and Prevention recommended Tuesday that fully vaccinated Americans start wearing masks indoors again in places with high Covid-19 transmission rates as nationwide infection levels are once again
In this article BA A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020. Karen Ducey | Reuters Boeing reported its first quarterly profit in almost two years on Wednesday, boosted by a surge in deliveries of commercial jetliners as airlines began recovering from the
In this article ATVI A logo outside the Google Store Chelsea in New York, May 28, 2021. Victor J. Blue | Bloomberg | Getty Images Check out the companies making headlines in midday trading. Alphabet — Shares of the Google parent popped more than 3% on the back of the company’s stellar quarterly earnings. Alphabet
In this article GSBD BLK GS Eric Adams, Democratic candidate for New York City Mayor, speaks during a campaign appearance in Brooklyn, New York, June 11, 2021. Brendan McDermid | Reuters Eric Adams may not be the mayor of New York, but he is already starting to privately seek an alliance with several of the
Billionaire businessman Ken Langone told CNBC on Wednesday he expects higher-than-usual inflation to hit the U.S. economy for longer than the Federal Reserve anticipates. In an interview on “Squawk Box,” the Home Depot co-founder said both raw material and labor shortages have caused increased consumer prices during the pandemic economic reopening. Now, the potential for
Palantir Technologies co-founder and chairman Peter Thiel at a Tokyo news conference on Nov. 18, 2019. Kiyoshi Ota | Bloomberg | Getty Images PayPal co-founder Peter Thiel did it. Now, new data shows other investors are doing it, too. Figures released by the Joint Committee on Taxation finds that so-called mega individual retirement accounts, those