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Daily Business Review

US Futures Drop as Rate Decisions Eyed; Bonds Fall

Federal Reserve officials are expected to raise rates by a quarter percentage point on Wednesday, dialing back the size of the increase for a second straight meeting, after recent data suggested the central bank's aggressive campaign to slow inflation is working.
3 minute read

Daily Business Review

888 Shares Plunge After CEO Quits Amid Money Laundering Failures

British gambling group 888 Holdings Plc suspended VIP customer accounts after it found that "know your client" best practices for its highest-value gamblers weren't followed.
3 minute read

Daily Business Review

Even on $100K, More Americans Living Paycheck to Paycheck

The numbers likely reflect growing strain on household budgets after the cost of living surged, wages often failed to keep up, and pandemic savings got drawn down.
3 minute read

Daily Business Review

Federal Reserve Says It Won't Approve Crypto Firm's Membership

Earlier this month, the Federal Reserve, Office of the Comptroller of the Currency and Federal Deposit Insurance Corp. issued a joint warning about the need to stem risks associated with cryptocurrency assets so that they can't affect the broader financial system.
3 minute read

Daily Business Review

Intel Gives One of Its Grimmest Forecasts Ever, Slamming Shares

A post-pandemic downturn for Intel's main business, personal computer chips, has torpedoed efforts to get the company's financial performance back on course.
5 minute read

Daily Business Review

Tech Leads Stock Rebound Amid Fed Downshift Wagers

The Federal Reserve watches long-term views especially closely, as expectations can become self-fulfilling and lead to higher prices.
3 minute read

Daily Business Review

Bed Bath & Beyond Says It Received Default Notice From JPMorgan

Bed Bath & Beyond, the ubiquitous U.S. brand founded in 1971 in Union, New Jersey, was once a staple of going-to-college shopping lists and wedding registries.
4 minute read

Daily Business Review

UK Parliament Seeks Power to Scrutinize Finance Regulators

Britain's financial regulators would face more scrutiny over their policies for consumers and the economy from Parliament under proposals from members of the House of Lords.
3 minute read

Texas Lawyer

Conflict of Interest: Small Houston Law Firm Snared in Dispute Between Oil Magnates

The boutique firm faces a breach-of-fiduciary-duty lawsuit.
5 minute read

Daily Business Review

Vanished $4 Billion Brings Down Century-Old Retailer in a Week

The startling and rapid meltdown has left Brazilians with the prospect of losing a ubiquitous company known for its unmistakable red-and-white logo and holiday sales.
5 minute read

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