News
S&P 500 Heads to Worst First Half in Decades
Stocks fell on Thursday again, as the S&P 500 is nearing its worst first half in more than 50 years....
Supreme Court Limits EPA’s Authority over Power Plants
The U.S. Supreme Court has limited the Environmental Protection Agency’s authority over existing power plants. In a 6-3 ruling on...
OPEC+ Sticks to Planned Oil Production Increase
OPEC+ countries agreed to stick to a planned crude output increase in August. After a virtual meeting on Thursday, the...
The U.S. Economy Shrank 1.6% in the First Quarter
The U.S. economy shrank at a 1.6% annual pace in the first three months of the year, the Bureau of...
Crypto Hedge Fund Three Arrows Capital Falls into Liquidation
Cryptocurrency hedge fund Three Arrows Capital (3AC) has fallen into liquidation, making the biggest casualty of the so-called “crypto winter”...
Bed Bath & Beyond Replaces CEO Mark Tritton
Bed Bath & Beyond is replacing Mark Tritton as the company’s CEO, the Union, New Jersey based company said. According...
U.S. and G7 Allies Ban Russian Gold Imports in New Sanctions
The U.S. Canada, Japan and the U.K will ban imports of Russian gold, the Treasury Department announced. The new sanctions...
EY Fined $100 Million After Employees Cheated on CPA Exams
Ernst & Young was fined $100 million by the U.S. government, after employees cheated on exams for years and the...
New York Fed President John Williams Rules Out Recession
New York Federal Reserve President John Williams said he expects the U.S. economy to avoid recession, despite seeing further interest...
GE’s Chairman, CEO Larry Culp Will Take Aviation Business
General Electric Chairman and CEO Larry Culp will take the company’s aviation business, the company said in a statement. GE’s...
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