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BlackRock Exits Net Zero Initiative
BlackRock, the world’s largest asset manager with $11.5 trillion under management, has announced its departure from the Net Zero Asset Managers Initiative (NZAMI).
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Wall Street up on Trump trade comments
U.S. markets ended higher as investors evaluated Trump’s trade comments and positive bank earnings eased credit concerns.
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Australia's Macquarie bids $7.5 billion for logistics group Qube
Macquarie Asset Management has made a multi-billion offer to acquire Australia’s logistics giant Qube, pushing its shares to an all-time high.
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Visa, Mastercard to pay $167.5 million in ATM user fee settlement
Visa and Mastercard agreed to a $167.5M settlement tied to claims that ATM access fees were kept artificially high for years.
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Trump sues JPMorgan, CEO Jamie Dimon
Donald Trump has filed a multi-billion-dollar lawsuit against JPMorgan and its CEO, reigniting the political debate around alleged “debanking” practices in the U.S. financial system.
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Gold prices extend decline as dollar strengthens
Gold continued to slide on Wednesday after posting its steepest daily drop since 2020, pressured by a stronger U.S. dollar and profit-taking by investors.
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nvidia overtaces microsoft as the worlds most valuable company
Nvidia has overtaken Microsoft to become the most valuable company in the world by market capitalization, reaching $3.45 trillion.
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Trump Pushes for a One-Year 10% Cap on Credit Card Interest Rates
The U.S. president has renewed calls to temporarily cap credit card interest rates, sparking political debate and concern from banks and industry groups.
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Apple Names John Ternus as Next CEO as Tim Cook Steps Down
Apple has announced a major leadership transition, with Tim Cook stepping down as CEO later this year. John Ternus, a longtime Apple executive, will take over the role.
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British banks to join European rivals in hiking profit targets
Major UK banks are preparing to raise their profitability targets, following a similar move by several European lenders, as strong earnings and favorable market conditions continue to support the sector.
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Bank of Canada cuts interest rate
The Bank of Canada cut its key rate to 2.25%, signaling the end of its easing cycle amid U.S. trade tensions and slowing growth.
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