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Federal Reserve's top regulator Michael Barr announces softer capital requirement rules for major U. S. banks, reducing the proposed increase from 19% to 9%. Changes address industry concerns while maintaining key reforms.
Andrew Ackerman, with over 13 years of experience in financial regulation reporting, is set to cover the Federal Reserve and regulatory policy for The Washington Post, bringing his expertise from the Wall Street Journal.
GLP-1 medications are transforming shopping habits as users slim down. Retailers and food companies are adapting to serve a changing consumer base, while concerns about size inclusivity arise.
Nomura reduces India's FY25 growth projection to 6. 7% following lower-than-expected Q1 GDP growth. Analysts cite election-related spending decline as a factor, while other firms maintain forecasts.
Despite a slowdown in SPAC activity, financial institutions continue to engage with these investment vehicles. Private equity firms may play a crucial role in revitalizing the SPAC model through structural reforms.
Major U. S. companies are modifying their diversity, equity, and inclusion programs in response to conservative criticism. At least six corporations adjusted policies in 2023, with more following suit in 2024.
Vice President Kamala Harris plans to unveil a ban on food price gouging and measures to reduce prescription drug and housing costs, signaling a shift towards economic populism in her campaign.
Mars acquires Kellanova for $36 billion, diversifying its portfolio. The deal faces financing challenges and potential regulatory scrutiny, yet market confidence remains high for the snack industry's largest merger this year.
Chinese demand for offshore investments surges, challenging QDII quota limits. Foreign firms employ creative strategies to manage quotas as investors seek alternatives to sluggish domestic markets.
JPMorgan Chase requests dismissal of its $439. 5 million lawsuit against Russia's VTB Bank, citing coercion from a Russian court injunction. The case highlights complex legal challenges amid international sanctions.
Meta exceeds Q2 revenue expectations, driving 7% stock increase. Company plans continued AI infrastructure investment, forecasting $37-40 billion capital expenditure for 2024.
FTC launches study on targeted pricing products, ordering eight companies to provide information. Concerns raised about "surveillance pricing" and potential exploitation of consumer data.
New York Community Bancorp completes major loan sale to JPMorgan Chase, enhancing liquidity and capital. Additional $200 million sale pending as part of turnaround strategy.