Author: Vorkast

By Chris Prentice, Dawn Kopecki and Isla Binnie WASHINGTON, June 24 (Reuters) – The U.S. Securities and Exchange Commission’s enforcement division is probing funds typically used by private equity firms and other money managers to hold on to assets they either cannot or do not wish to sell, as the agency explores potential issues in…

By Pete Schroeder WASHINGTON, June 24 (Reuters) – Financial markets will gain a fresh glimpse into the overall health of the largest U.S. banks on Wednesday when the Federal ‌Reserve releases the results of its latest stress test. The results will reflect the health of ‌32 banks, including JPMorgan and Bank of America, but will…

Here’s a look at how today’s high-yield savings account rates stack up. The Federal Reserve cut the federal funds rate three times in 2025, which means deposit rates have been steadily declining. So far in 2026, the Fed has left interest rates unchanged. It’s more important than ever to ensure you’re earning the highest rate…

Find out which banks are offering the best money market account rates right now. As interest rates have remained stable due to the Fed leaving rates unchanged so far in 2026, it’s more important than ever to ensure you’re earning a competitive rate on your savings. One option you may want to consider is a…

FRANKFURT, June 24 (Reuters) – Only a small fraction of euro zone firms use artificial intelligence intensely and they tend ‌to be small, young, service-oriented companies, leaving plenty of ‌room for diffusion, a European Central Bank blog post said on Wednesday. The vast ​majority of firms now say they have been using AI but economists…

Stegra has completed a €1.4 billion equity financing round, securing fresh backing from a consortium led by Wallenberg Investments as the company continues construction of its flagship low-carbon steel plant in Boden, northern Sweden. The financing follows an agreement announced in principle in April and marks a significant milestone for one of Europe’s most closely…

Ultra-low-cost international shopping platforms are now a significant force in UK retail, attracting around £4.7bn in annual consumer spending and accounting for 5% of non-food online sales, according to new research by Barclays and Retail Economics. The findings highlight growing competition for established retailers as shoppers increasingly seek lower prices and wider product ranges. The…

Packaging competition is changing. For many years, success in the industry was measured by manufacturing scale, plant capacity and cost efficiency. The companies that could produce the most packs at the lowest cost tended to win the biggest contracts. That model is now shifting. Across global markets, brands are placing greater value on speed. They…

By Heekyong Yang and Hyunjoo Jin SEOUL, June 24 (Reuters) – South Korea’s SK Hynix said on Wednesday it plans to raise up to $29.4 billion through a U.S. stock market listing in what would be among the biggest listings globally, as the Nvidia supplier seeks to ‌capitalise on strong investor appetite for AI stocks….