US

Regulators warned that the number of US problem banks has increased by 18%, while New York Community Bank, led by Steven Mnuchin, former US Treasury Secretary, stabilised itself with a $1bn in capital raised. The recent struggles of NYCB…

Shein will consider London as a backup option for a massive flotation if US authorities block its preferred choice of a New York IPO due to its ties with China. The Singapore-headquartered company has pitched the UK as an alternative…

The Federal Trade Commission filed a lawsuit to stop Kroger from acquiring Albertsons. This would be the largest supermarket merger ever in US history, and is the latest example of Washington's anti-competitive crackdown. The FTC on…

US lender Capital One has agreed to buy rival Discover Financial for $35.3bn, in an all-stock tie-up that is set to unite two of America's largest credit card companies. Capital One's acquisition of Discover values its smaller rival's…

US regulators have brought high-speed traders, some hedge funds and the $26tn Treasury Bond market under direct supervision. This is a measure to improve its stability after a series crises. The Securities and Exchange Commission voted…

A former stand-up comic turned film producer and entrepreneur made a $30 billion bid for Paramount Global. It is one of America's largest entertainment companies. Bloomberg News reports that Byron Allen, 62 years old, founder and CEO of…

Netflix has signed a five-billion dollar deal to stream World Wrestling Entertainment’s flagship Raw program in the US for the next decade. This is the biggest move yet by the company into streaming live events. The streaming service…

Leading British drug companies, together with other pharmaceutical groups are urging an US judge to rule that the evidence plaintiffs' attorneys want to use to support their 72,000 lawsuits alleging that discontinued heartburn drug Zantac…

The American entertainment company that had been backing a 21,500 capacity Sphere venue in East London has dropped the project, claiming it became a "political ball" between the London mayor and the London government. Sphere…

Wall Street stocks began the year with a tech-driven hangover, after the rally which ended in 2023 became cautious. Tech stocks had their worst day for more than two month. The Nasdaq Composite ended the day down by 1.6 percent, its…

The FAANGs were once the five biggest US tech stocks dominating the investment landscape. These included Facebook (now Meta), Amazon (now Alphabet), Apple (now Netflix), and Google (now Alphabet). This picture is no longer relevant.…

BlackRock was sued on Monday by the US state Tennessee. The lawsuit accused the $9.1 trillion New York-based asset management firm of violating consumer laws by ignoring environmental, social, and governance factors when developing its…

Nippon Steel agreed to purchase US Steel for $14.9bn, its largest acquisition ever. The Japanese group is targeting the American market through this deal. The fourth-largest steelmaker in the world by production announced on Monday it…

Federal Reserve chair Jay Powell sent his clearest signal yet on Wednesday that the US central bank was done with two years of tightening monetary policy and would begin cutting rates in 2024, sending Wall Street's benchmark index closer to…

Federal Reserve Chair Jay Powell is facing a difficult balancing act to maintain flexibility within the US central banks policy plans, despite intense pressure from the US government to reveal the date and amount of interest rate cuts…

Investors are increasingly confident that US Federal Reserve will begin cutting interest rates in mid-2024. The dollar has hit a low of three months on Tuesday. US currency fell 0.5 percent against a basket containing six currencies to…