Snap Inc. SNAP, has hired Eric Young, a veteran of Alphabet Inc.’s GOOG, +1.01% GOOGL, +1.03% Google, to serve as its senior vice president of engineering. Young will make a $1 million annual salary and get a $500,000 signing bonus, according to a filing with the Securities and Exchange Commission…

The debt-ceiling deal struck by President Joe Biden and House Speaker Kevin McCarthy over the weekend contains many compromises for both Republicans and Democrats. Those include changes to the federal government’s Supplemental Nutrition Assistance Program, also known as the food-stamp program. “The agreement prevents the worst possible crisis, a default,…

Skipping a rate hike in June will put an end to the “frenetic” pace of interest-rate hikes seen over the past 14 months, Philadelphia Fed President Patrick Harker said Wednesday in an interview with MarketWatch. “Think about where we used to be. We would do an increase at every other…

© Reuters. FILE PHOTO: Panasonic Corp’s logo is pictured at Panasonic Center in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/ (Reuters) – Panasonic (OTC:) Holdings plans to expand production of electric vehicle batteries at a factory in Nevada jointly operated with Tesla (NASDAQ:) by 10% within three years, a spokesperson…

By Khanh Vu and Francesco Guarascio HANOI (Reuters) – Vietnam’s rolling power cuts have hit industrial parks in the country’s northern provinces where top global manufacturers such as Foxconn and Samsung (KS:) have factories, officials said on Monday, as a surge in consumption amid a heatwave stretched the power supply…

Investing.com – The U.S. dollar stabilized in early European trading Thursday near a two-month high as traders digested progress in the U.S. debt ceiling bill, comments from a number of Fed speakers, and Chinese manufacturing activity data. At 03:55 ET (07:55 GMT), the , which tracks the greenback against a…

By Angus Berwick (Reuters) – The U.S. Securities and Exchange Commission (SEC) on Monday accused the world’s largest crypto exchange, Binance, and its founder Changpeng Zhao, of operating an “elaborate scheme to evade U.S. federal securities laws.” The SEC charged Binance and Zhao with 13 offences, including operating an unregistered…

Market participants have their eyes on the Federal Open Markets Committee this week to see if its members vote to raise the federal funds rates again. The FOMC has raised rates nine times since March 17, 2022. Because inflation is nowhere near the Federal Reserve’s 2% target rate and due…

Bud Financial uses AI and transactional data in retail banking and wealth management to provide advice and prompts to customers, to measure a customer’s risk and also monitor risk across a financial institution’s portfolio. Based in the UK, Bud Financial takes advantage of open banking regulation to access customer data.…

Electric utilities are not especially popular with bond investors these days. Consider the spread-versus-Treasurys on the ICE BofA U.S. Electric Utility Index. The spread is the amount of additional yield the market demands for owning corporate bonds rather than supposedly default-risk-free U.S. Treasurys. On June 2, 2023, the utilities’ spread…