Sales of new electric cars will overtake diesel models in the UK for the first time in 2022, but overall new car sales are down to their lowest level in three decades, according to the Society of Motor Manufacturers and…
Investors looking for somewhere to park their money in the new year may want to consider these top stock options, according to Bank of America. The bank announced its 11 favorite names for 2023 in a note to clients on…
The US government has seized – or is in the process of seizing – hundreds of millions of dollars in Robinhood Markets shares as part of a fraud case against Sam Bankman-Fried, the founder of failed crypto firm FTX, lawyers…
US stocks pared gains on Wednesday after minutes of the Federal Reserve’s latest meeting showed officials wanted to see more evidence of cooling inflation and support for a rate hike in 2023. Wall Street’s benchmark S&P 500 index gained 0.8…
Blackstone Vice Chairman Byron Wien predicts that financial markets will come to a halt in mid-2023, followed by a drastic rebound as the Federal Reserve’s fight against inflation will only lead to a mild recession. Wall Street veterans released their…
The New York Department of Financial Services on Wednesday announced a $100 million settlement with Coinbase over failures in its compliance program, which regulators said made the crypto exchange vulnerable to criminal activity ranging from money laundering to drug trafficking.…
Kevin McCarthy is certain to lose in the fourth round of voting to become Speaker of the House, after an eleventh-hour intervention by Donald Trump failed to end the impasse. At least 11 Republicans voted against McCarthy in the fourth…
The new year should bring a boost to clean energy stocks, according to Raymond James. Despite strong fundamentals, the sector faces a bleak 2022 – the worst since the global financial crisis, analyst Pavel Molchanov said in a note on…
A large plume of toxic chemicals produced by plants that produce firefighting foam has seeped through the ground to Lake Michigan’s Green Bay, scientists said Tuesday. The chemicals belong to a family of compounds known as PFAS, or per- and…
Egypt’s pound fell on Wednesday to a record low, the latest sign of the country’s foreign currency crisis two months after Cairo agreed to a $3bn bailout loan from the IMF. The currency fell 6 percent to 26.4 to the…