By Karen Brettell NEW YORK (Reuters) – The dollar fell on Monday on news that the U.S. services sector barely grew in May as new orders slowed, ending an initial rally sparked by strong jobs growth. The Institute for Supply Management (ISM) said its non-manufacturing PMI fell to 50.3 last…

By Marcela Ayres BRASILIA (Reuters) – Brazil’s government will partially reintroduce a federal diesel tax this year to pay for leftist President Luiz Inacio Lula da Silva’s plan to bring down the cost of vehicles, Finance Minister Fernando Haddad said on Friday. The plan offers tax credits to manufacturers who…

PARIS (Reuters) – French unions will stage on Tuesday a 14th day of protests against government plans to raise the retirement age to 64, in what could be a final attempt to pressure lawmakers into scrapping a law that is already on the statute books. President Emmanuel Macron’s decision to…

By Tom Wilson and Hannah Lang LONDON/WASHINGTON(Reuters) -The world’s biggest cryptocurrency exchange Binance and its CEO Changpeng Zhao have been sued by the U.S. Securities and Exchange Commission (SEC), which alleged in a June 5 court filing that the firm operated a “web of deception” that included artificially inflating its…

(Reuters) – The Australian corporate regulator said on Tuesday that it had urged companies to make full disclosures of impact of COVID-19 and rising interest rates on asset valuations in their upcoming full-year and half-year results. The Australian Securities and Investments Commission (ASIC) said in a statement that directors should…

By Trevor Hunnicutt WASHINGTON (Reuters) -The deal to end the United States’ debt limit standoff was classic Joe Biden politics: eke out a narrow compromise from an ugly beginning and declare victory. Biden’s pact with Republican Kevin McCarthy suspends the $31.4 trillion U.S. debt ceiling, avoiding an economic crisis, in…

The Federal Reserve faces many distractions right now, from curbing inflation to keeping a vulnerable mid-size banking sector from roiling the financial system. But there’s one threat on the horizon that dwarfs them all. That’s the threat of a future quantum computer attack on our financial sector. It’s a threat…

Apple unveiled its long-awaited “mixed reality” headset on Monday, in its most anticipated hardware product launch since Steve Jobs revealed the iPad in 2010.The gadget, called Vision Pro, will be available “early next year”. It combines virtual reality with augmented reality, which overlays digital images on top of the real…

I had the honor of appearing at a May 2023 congressional hearing with Chair Elizabeth Warren, Ranking Member John Kennedy, and distinguished members of the Senate Banking, Housing, and Urban Affairs Subcommittee on Economic Policy. My testimony was based on three decades of experience consulting and training professionals at banks…

Commercial real estate loans outstanding have grown slightly over 100% in a decade. CRE borrowers took advantage of the incredibly low interest rates, an economy recovering from the Global Financial Crisis, and banks that in too many cases were less than diligent in underwriting loans. Presently, the amount of commercial…