In a deal worth more than $12 billion, BlackRock is purchasing Global Infrastructure Partners, an independent infrastructure fund manager, in exchange for stock. About 12
Category: US
U.S. bankruptcies rose by 18% in 2023 and may worsen in 2024, triggering recession fears.
Data released on Wednesday indicated that, even though the number of bankruptcy cases filed in the United States increased by 18% in 2023 due to
The US national debt reaches a record of $34 trillion, giving $100,000 per American citizen.
At more than $34 trillion, the federal government’s gross national debt has reached a record high that portends political and economic obstacles to improving America’s
US fintechs capitalize on high interest rates to offer Treasury bills and bonds to retail investors.
U.S. financial technology firms responsible for popularizing amateur stock trading,are venturing into fixed income to capitalize on the increasing interest of ordinary investors, spurred by
U.S. investors exhume confidence in a robust economy as Nvidia, driven by AI, achieved 239% up and a new high for the economy.
In 2023, investors were encouraged by reducing inflation, a robust economy, and the possibility of reduced interest rates. As a result, the S&P 500 ended
Cummins agrees to pay a record-breaking $1.675 billion for environmental pollution.
The U.S. Justice Department announced on Friday that truck engine manufacturer Cummins Inc. has agreed in principle to pay a $1.675 billion fine for placing
US regulators caution against the use of Doraemon toy magnets after seven fatalities.
Following seven fatalities from ingestion of the Chinese vendor Doraemon’s magnetic ball sets due to their loose, dangerous magnets, the U.S. Consumer Protection Unit issued
US defense industry to profit from wars in 2024.
One CEO resisted, stating they did not want to be stuck with a warehouse full of rockets when the fighting stopped when the Pentagon summoned
Blackstone-led investors acquire 20% of the $16.8b real estate portfolio owned by the FDIC-run Signature Bridge Bank.
On Thursday, the Federal Deposit Insurance Corp.-owned Signature Bridge Bank announced that it had sold 20% of its interest in the business, which was keeping
US Big Bank CEOs kick against Basel Endgame and overregulation as harmful to the economy.
The heads of the largest Wall Street banks used their appearance on Capitol Hill on Wednesday to implore senators to halt the Biden administration’s proposed