High grocery prices are creating downstream financial troubles for more Americans. More than a quarter of US working-age adults who used credit cards to cover grocery costs last year struggled to repay their bills in full later on, either making only the minimum payment or missing that threshold entirely, new research from the Urban Institute…
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: Federal Reserve policymakers are “at a crossroads” and may soon need to raise the benchmark interest rate as inflation heats up and persists above the central bank’s 2% target, Fed Governor…
August WTI crude oil (CLQ26) today is up +3.46 (+4.87%), and August RBOB gasoline (RBQ26) is up +0.1036 (+3.47%). Crude oil and gasoline prices are up sharply today amid an escalation of US-Iran hostilities over control of the Strait of Hormuz. Gains in crude oil accelerated today after President Trump said the US was reimposing…
By Nora Eckert DETROIT, July 13 (Reuters) – German auto component and chip maker Bosch is beginning sample production at its first U.S. semiconductor factory, the company said Monday, finalizing a $225 million agreement with the U.S. Commerce Department to strengthen domestic manufacturing of silicon carbide chips. Some automakers and parts suppliers have expanded manufacturing…
July 13 (Reuters) – JPMorgan CEO Jamie Dimon has received a letter from Democratic Senator Elizabeth Warren about whether he lobbied the UK government against a tax on bankers’ bonuses on the advice of Jeffrey Epstein, the Financial Times reported on Monday. The report follows the release of a cache of documents earlier this year…
By Valentina Za MILAN, July 13 (Reuters) – Talks between the European Parliament, European governments and the European Commission on rules for a digital euro begin on Monday, three years after the legislation was first proposed. The negotiations aim to produce a final law by the end of the year, paving the way for the…
Longleaf Partners, managed by Southeastern Asset Management, released its second-quarter 2026 investor letter for its “Partners Fund”. A copy of the letter can be downloaded here. The letter states that the portfolio holdings are attractive now based on both P/V and P/FCF metrics. However, the Fund returned 3.87% in the quarter, significantly lagging the S&P 500’s…
By Pete Schroeder WASHINGTON, July 13 (Reuters) – Banks should be cautious of lending to people not legally authorized to work in the United States, as their income may be less reliable or they may be deported, a pair of U.S. bank regulators cautioned the industry Monday. In new guidance, the Office of the Comptroller…
The combined market capitalization of the world’s stablecoins has fallen by $10 billion U.S. since the end of May, the biggest decline in years. Liquidity in the stablecoin market has decreased as crypto markets have consolidated near their lows for the year. In June, the stablecoin market capitalization fell by $7.7 billion U.S., the largest…
Battered Netflix (NFLX) investors may end up tuning in to another dose of bad news when the company reports earnings on July 16. Quick insight: “Given currency movement and a lack of hit programs, we believe more investors are expecting Netflix to lower full year numbers,” KeyBanc Capital Markets analyst Justin Patterson warned in a…
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