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American Express and Barclays Plan Thousands of Job Cuts Amid AI-Driven Restructuring
American Express and Barclays have announced plans to cut thousands of jobs as they restructure their operations and increase their use of technology and artificial intelligence.

By The Financial District
4 days ago2 min read


CBS Analysis Finds Many Top Trump Meme Coin Dinner Contenders Used Overseas Crypto Exchanges
More than half of the top cryptocurrency wallets competing for seats at President Donald Trump’s next meme coin dinner have used exchanges that prohibit US customers, suggesting that many of the participants may be based outside the United States.

By The Financial District
Oct 192 min read


U.S. Mortgage Bond Funds See Sharp Outflows as Yields Surge
Investors withdrew money from US mortgage bond funds at one of their fastest rates since the beginning of 2021 as rising interest rates and market volatility weighed on fixed-income investments.

By The Financial District
Oct 162 min read


FTC Asks Judge to Hold “Pharma Bro” Martin Shkreli in Contempt
The US Federal Trade Commission (FTC) and seven states have asked a federal judge to hold Martin Shkreli in contempt of court, alleging that he violated a 2022 order barring him from the pharmaceutical industry.

By The Financial District
Oct 151 min read


U.S. Bank Stocks Slide as Investors Reassess Earnings and Deal Prospects
Shares of major US banks fell sharply in the weeks leading up to third-quarter earnings, challenging the conventional view that higher interest rates necessarily benefit the banking sector.

By The Financial District
Oct 152 min read


U.S. Treasury Fines Bank of America $1.21 Billion Over Suspicious-Activity Reporting Failures
The US Treasury Department and other regulators have fined Bank of America $1.21 billion for failures to detect and report more than $5 billion in suspicious transactions, including approximately $1 billion linked to national-security concerns and other priority illicit-finance risks.

By The Financial District
Oct 152 min read


JPMorgan Misses Profit Estimates Despite Higher Third-Quarter Earnings
JPMorgan Chase reported a 6 percent year-over-year increase in third-quarter profit to $15.3 billion, but its earnings fell short of analysts' estimates as some of its major Wall Street businesses recorded weaker revenue than in the previous quarter.

By The Financial District
Oct 151 min read


Lawmakers Consider Means Testing as Social Security Faces 22% Benefit CutCorrected Article
Social Security faces a major financing shortfall that could result in a 22% reduction in scheduled benefits beginning in late 2032 if Congress does not act, prompting lawmakers and policy groups to consider a range of potential solutions, including means testing for higher-income retirees.

By The Financial District
Oct 92 min read


Ex-CIA Official Pleads Guilty to $194 Million Fraud Involving Gold Bars
Former CIA official David J. Rush pleaded guilty in federal court to wire fraud after admitting that he defrauded the US government of approximately $194 million through schemes involving fictitious government programs, luxury properties and gold bars.

By The Financial District
Oct 81 min read


Bond Market Signals Rising Concern Over U.S. Fiscal Outlook
The US bond market is signaling growing concern about the government's fiscal position as Treasury yields remain elevated and federal borrowing needs compete with strong private-sector demand for capital.

By The Financial District
Oct 72 min read


SNAP Benefits Rise for Millions of Americans
For the millions of people who receive SNAP, grocery budgets will stretch a little further this month.

By The Financial District
Oct 51 min read


Investors Turn More Selective as AI Companies Flood Bond Market
The corporate bond market is showing a growing divide between AI-related issuers and more traditional companies, with investors demanding greater concessions from some technology borrowers as expected debt issuance rises.

By The Financial District
Sep 271 min read


SoftBank Raises $11.1 Billion in Jumbo Bond Sale to Fund AI Investments
SoftBank Group Corp. raised $11.1 billion through dollar- and euro-denominated bonds as the Japanese conglomerate seeks to finance its large investment in artificial intelligence.

By The Financial District
Sep 251 min read


CMS Cancels ACA Enrolments Covering 760,000 People
The Trump administration has canceled Affordable Care Act health-insurance enrollments covering more than 760,000 people as part of a federal crackdown on what officials describe as unauthorized and improper enrollments.

By The Financial District
Sep 242 min read


Saudi Arabia Exits China-Backed mBridge Digital Payment Project
Saudi Arabia has ended its participation in mBridge, a China-backed cross-border payment project involving central bank digital currencies, after completing a planned proof of concept.

By The Financial District
Sep 232 min read


Deutsche Bank Warns Petroyuan Could Challenge Dollar’s Role In Oil Trade
Saudi Arabia’s participation in mBridge was viewed as significant because of the kingdom’s role in global oil markets and the longstanding use of the U.S. dollar in international oil trade.

By The Financial District
Sep 232 min read


EU to Launch Climate Insurance Alliance
The European Union plans to establish a Climate Insurance Alliance to increase insurance coverage for extreme weather events, European Commission President Ursula von der Leyen said as the bloc responds to worsening climate-related risks.

By The Financial District
Sep 212 min read


U.S. 10-Year Treasury Yield Hits Highest Level Since 2007
The 10-year US Treasury yield rose to its highest level since 2007 on Tuesday, reaching 5.02% as investors weighed higher energy prices, inflation risks and rising government borrowing needs.

By The Financial District
Sep 171 min read


Trump Accepts Ethics Rules as CLARITY Act Moves Toward Senate Vote
The CLARITY Act, a major US cryptocurrency market-structure bill that would establish clearer regulatory responsibilities for digital assets, is moving forward after months of deadlock following President Donald Trump’s agreement to new ethics provisions.

By The Financial District
Sep 162 min read


PAGCOR Supports Handog ng Pangulo 2026 Caravan
The Philippine Amusement and Gaming Corporation (PAGCOR) joined the nationwide rollout of the administration’s Handog ng Pangulo 2026 on Monday, Sept. 14, bringing government assistance and frontline services closer to communities across the country.

By The Financial District
Sep 152 min read


Ted Cruz Says Trump’s $5,000 Dividend Should Target Working Taxpayers
Sen. Ted Cruz, R-Texas, said he could support President Donald Trump's proposed $5,000 dividend for American adults if the payments were structured as tax refunds and targeted at people who work and pay taxes.

By The Financial District
Sep 152 min read


Elite Colleges Expand Free-Tuition Aid for Middle-Class Families
A growing number of elite colleges are using expanded financial aid as a way to attract students from middle-income families, with more than 20 private institutions among the top 50 schools on Forbes' list of America's Top Colleges offering tuition-free programs tied to household income.

By The Financial District
Sep 141 min read


RockawayX Seeks $150 Million for New Crypto Investment Fund
RockawayX, an early backer of blockchain network Solana, is seeking $150 million for a new fund focused on "undervalued tokens and crypto-related equities" after acquiring crypto hedge fund Relayer Capital.

By The Financial District
Sep 141 min read


Medicaid Cuts Put More Pressure on 700 Rural Hospitals Already at Risk
US employers are preparing for another significant increase in healthcare costs, while changes to Medicaid under President Donald Trump's 2025 budget reconciliation law are expected to put additional financial pressure on healthcare providers.

By The Financial District
Sep 112 min read
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