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McLean- based Capital One Financial is scheduled to close on its $35.3 billion acquisition of Discover Financial Services on Sunday, finalizing the merger of the credit card giants announced last year. On April 18, Capital One received approval from the Federal Reserve and the Office of the Comptroller of the Currency to purchase Illinois- based Discover.

2025 MAY 16– By a News Reporter-Staff News Editor at Energy Daily News– Investigators discuss new findings in Investment. Our news journalists obtained a quote from the research from Central Bank Corporation,“ In particular, we demonstrate that unexpected increases in oil supply uncertainty lead to higher real oil prices and a drop in inventories.

The average rate on the 30- year fixed-rate mortgage went up seven basis points to 7.01% in the week ending May 15, according to rates provided to NerdWallet by Zillow. Mercurial trade policy has likely contributed to the rise in mortgage rates, along with Federal Reserve monetary policy and ambiguous inflation data. Let's say you can afford to pay $2,300 a month…

This was announced during the quarterly Monetary Policy Committee and Financial Stability Committee press briefing, which reviewed recent global and national economic trends and outlined potential interventions. ALSO READ: Rwanda to add gold to foreign reserves portfolio in next financial year. Speaking to The New Times in an exclusive interview,…

—Wall Street is cruising Friday toward the finish of a strong week as U.S. stocks glide closer to the all-time high they set just a few months earlier, though it may feel like an economic era ago. It’ s on track for a 5.1% rise for the week, which would be its third winning week in the last four, as hopes build that President Donald Trump will lower his tariffs against other…

Last week, U.S. Senator Jerry Moran voiced strong support on the Senate floor for fellow Kansan Michelle "Miki" Bowman, who has been nominated by President Donald Trump to serve as Vice Chair of the Federal Reserve for Supervision. "When President Trump chose Miki to serve as the community bank representative on the Federal Reserve Board of Governors, it was clear…

When the Federal Reserve, the United States' central banking system, hosted its annual Economic Scholars Program earlier this spring in Ohio, a Tennessee Tech University Golden Eagle was front and center. Gavin Edleson, a junior economics major from Pingree Grove, Illinois, was selected for a highly competitive spot to present his research at the April 21…

Most U.S. stocks drifted higher following a mixed set of reports on the U.S. economy. Stocks got a lift from easing Treasury yields in the bond market. They dropped after reports suggested the Federal Reserve may have more room to cut interest rates later this year if the U.S. economy weakens under the weight of President Donald Trump’ s tariffs.

—Most U.S. stocks drifted higher in quiet trading Thursday following a jumble of mixed reports that offered little clarity on how the U.S. economy is managing through President Donald Trump’ s trade war. They fell after the economic reports suggested the Federal Reserve may have more room to cut interest rates later this year to bolster the U.S. economy if it…

The U.S. property/casualty insurance industry reported a net combined ratio of 96.6 in 2024– a year-over-year improvement of 5.1 points and the industry’ s best underwriting performance since 2013, according to the latest report– Insurance Economics and Underwriting Projections: A Forward View– from the Insurance Information Institute and Milliman, a…

The average rate on a 30- year mortgage in the U.S. edged above 6.8% this week, returning to where it was just three weeks ago. Mortgage rates are influenced by several factors, including global demand for U.S. Treasurys, the Federal Reserve’ s interest rate policy decisions and bond market investors’ expectations about the economy and inflation.

Mason Capital Management LLC, a registered investment advisor to funds and accounts owning 2.4% of the minority shares of JBS S.A., today sent a letter to the United States Securities and Exchange Commission urging the SEC to initiate an inquiry into recent proxy advisory recommendations issued by Institutional Shareholder Services Inc. and Glass, Lewis&…
Illustration showing a boat sailing along down a downward slope. GDP-growth-slowing-but-no-recession-in-sight

The Conference Board said this week that the 1.6% projected GDP growth rate is up slightly from the 1.2% growth rate the board predicted in April – when President Donald Trump first announced a broad set of tariffs on trading partners

The U.S. economy finds itself at a curious intersection with mounting uncertainty as we navigate through the second quarter of 2025. Recent data shows encouraging signs of disinflation, but both the Federal Reserve and market participants remain cautious about several looming challenges. Compensation increases have decelerated to levels consistent…

Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, announced today that the Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency have approved Seacoast’ s application with respect to Seacoast’ s previously announced acquisition of Heartland Bancshares, Inc., and Seacoast…

Liquidity Coverage Ratio Disclosures For the quarter ended March 31, 2025 TABLE OF CONTENTS DISCLOSURE MAP 3. LCR REQUIREMENTS AND DISCLOSURES 3. Important Presentation Information 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…

OMAHA, Neb.—- Boston Omaha Corporation announced its financial results for the first quarter ended March 31, 2025, in connection with filing its Quarterly Report on Form 10- Q with the Securities and Exchange Commission. During the first quarter of fiscal 2025, "Net Other Expense" included non-cash losses of $2.3 million from unconsolidated affiliates mainly…