Economic News

Eurozone inflation fell to its lowest level in more than three years this month thanks to falling energy costs, official data showed on Friday, raising expectations of a European Central Bank interest-rate cut. The ECB launched an aggressive rate-hiking campaign in July 2022 to tame red-hot inflation, which peaked at 10.6 percent in October that year as…

As we go to press, all indications are that the Federal Reserve will implement an interest rate cut in September. The released summary of the July meeting of Federal Reserve officials noted, "The vast majority observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting." The Fed's decision to cut…

Those states are western Missouri, Nebraska, Kansas, Oklahoma, Wyoming, Colorado and northern New Mexico. Kauffman, who works out of the Omaha offices, expanded more on Nebraska- related economy. Kauffman said representatives of the 10th District specifically makes trips to communities in Nebraska holding forums so they can hear from the business leaders and…

Bank of America- Pillar 3 U.S. Bank of America- Pillar 3 U.S. These disclosures are required by the Liquidity Coverage Ratio: Public Disclosure Requirements Final Rule published by the Board of Governors of the Federal Reserve System in alignment with the Basel 3 liquidity framework and U.S. Liquidity Coverage Ratio Final Rule.

Bank of America- Pillar 3 U.S. Bank of America- Pillar 3 U.S. These disclosures are required by the Net Stable Funding Ratio: Public Disclosure Requirements Final Rule published by the Board of Governors of the Federal Reserve System in alignment with the Basel 3 liquidity framework and U.S. Net Stable Funding Ratio Final Rule.

Merrill Lynch, Pierce, Fenner& Smith Incorporated and Subsidiaries. Merrill Lynch, Pierce, Fenner& Smith Incorporated and Subsidiaries. Merrill Lynch, Pierce, Fenner& Smith Incorporated, together with its subsidiaries, is registered as a broker-dealer and investment adviser with the U.S. Securities and Exchange Commission, and is a member firm of the Financial…

BofA Securities Prime, Inc. is registered as a broker-dealer with the U.S. Securities and Exchange Commission and is a member firm of the Financial Industry Regulatory Authority. BofAS is a wholly-owned direct subsidiary of NB Holdings Corporation, which is a wholly-owned subsidiary of Bank of America Corporation. The Balance Sheet is presented in U.S….

U.S. stocks rose Friday after a key U.S. government report on inflation bolstered expectations on Wall Street that the Federal Reserve is poised to cut interest rates next month for the first time in more than four years. The Commerce Department said its personal consumption and expenditures report showed prices rose just 0.2% from June to July, up slightly…

The U.S. Securities and Exchange Commission (SEC) approved 12 and 9 Bitcoin and Ether spot exchange-traded funds (ETFs), respectively, this year. Understanding the distinctions between futures and spot cryptocurrency exchange-traded products (ETPs) is crucial for investors to navigate the ever-evolving world of crypto investments. In traditional finance, often called “tradefi,” a crypto spot ETF is designed to […]

—Inflation in the 20 European Union countries that use the euro fell sharply to 2.2% in August, opening the door for the European Central Bank to cut interest rates as the ECB and the U.S. Federal Reserve prepare to lower borrowing costs to support growth and jobs. The August figure was down from 2.6% in July, according to figures Friday from European Union…

As a result, live event revenue in the entertainment and media industry was estimated to reach $68.7 billion in 2024, according to the PwC Global Entertainment& Media Outlook 2023-2027 report. According to the Bureau of Labor Statistics, prices for sports tickets surged 25.1 percent between October 2022 and 2023. Though there's never a guarantee that the…

The rate fell to 6.35% from 6.46% last week, mortgage buyer Freddie Mac said Thursday. A year ago, it averaged 6.55%, Freddie Mac said. Signs of waning inflation and a cooling job market have raised expectations the Federal Reserve will cut its benchmark interest rate next month for the first time in four years.

The Central Bank of Liberia clarifies media reports that a US $20 M cash importation consigned to the Bank of Ghana destined for Liberia is a legitimate transaction. The importation of United States dollars is part of the Bank's normal function, which is required to meet the needs of the economy, including the USD withdrawal demands and needs of the Government…

On August 8, 2024, the Federal Reserve Bank of Philadelphia disclosed that it had entered into a Written Agreement with Customers Bancorp, Inc. of West Reading PA and its wholly owned subsidiary, Customers Bank, regarding deficiencies in compliance policies and practices connected to its digital asset strategy, including an operating platform to allow for…

As a result, live event revenue in the entertainment and media industry was estimated to reach $68.7 billion in 2024, according to the PwC Global Entertainment& Media Outlook 2023-2027 report. According to the Bureau of Labor Statistics, prices for sports tickets surged 25.1 percent between October 2022 and 2023. Though there's never a guarantee that the…

Despite the word "federal" in its name, the Federal Reserve Bank's actions and decisions are not determined by the sometimes shifting political landscape and which president is in power. So stated Michael Chriszt, vice president of regional engagement for the Federal Reserve Bank of Atlanta, in a talk to the Rotary Club of Greeneville on Tuesday.

Sasol Limited is listed on the Johannesburg Stock Exchange operated by the JSE Limited. Sasol is also listed on the New York Stock Exchange for the purpose of registering its American Depositary Receipts with the United States Securities and Exchange Commission. For the period ended 30 June 2024, Sasol applied all the principles of King IV TM as disclosed in…

WEST LAFAYETTE— Three broad-based measures of farmer sentiment improved in July as the Purdue University/ CME Group Ag Economy Barometer index rose 8 points to 113, the Index of Current Conditions increased by 10 points to 100, and the Index of Future Expectations at 119 was 7 points higher than a month earlier. Reflecting the signals from the Federal Reserve…

METRO DETROIT— With inflation reportedly slowing and the Federal Reserve seemingly expected to begin cutting interest rates as early as September, several local real estate professionals believe now is a good time to purchase a home or refinance a mortgage. Dave Petrouleas, a real estate agent with eXp Realty servicing Wayne, Oakland and Macomb counties, said…