News

U.S. consumers are the most pessimistic they’ve been since early 2021, even as “hard data” still indicates a solid economy.

Following a lawsuit alleging “wrongful use” of 401(k) forfeited funds, the banking giant is now being sued by employees over $2.4 million in plan assets that were invested in an in-house stable-value fund.

Thanks to good trades prior to M&A, credit downgrades, and defaults, the insurers in the top quintile for dealer-network size achieved about 0.84 percentage point higher annual returns on corporate bonds, according to a recent study.

The EU’s countermeasures will apply to U.S. goods exports worth up to €26 billion (US$28.4 billion)—matching the economic scope of the U.S. tariffs.

Canada announced new 25% tariffs on about C$30 billion (US$20.8 billion) of U.S.-made products, including steel, aluminum, computers, and sporting goods.

He downplayed the risk that he might cause a recession through the shifting and unpredictable nature of the current, on-again, off-again trade war.