Financial Industry News
A collection of Financial latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What Nike's Choice for CFO Says About Finance Hiring
This article is for subscribers only. Welcome to CFO Briefing, a newsletter dedicated to corporate finance and what leaders need to know. This week, I take closer look at Nike's choice for CFO and talk to recruiters about Dave Denton's hire. We…
New Fed Chair Kevin Warsh Says There's a Huge Problem With Financial Markets Right Now. His Solution Could Be Bad News For Stock Investors
Kevin Warsh is already having a noticeable impact on the Federal Reserve. The FOMC held its first meeting since Warsh took the position of chairman earlier this month, and there were a few things worth noting. First, the statement released after…
From housing wealth to financial flexibility
Many of the pressures facing homeowners emerge during mid-life, when several financial demands often converge at once. Collison says these can include mortgage repayments, funding renovations, helping children into the property market, starting a…
'Financial pandemic': £1 in every £11 spent on UK public contractors goes to private equity
One pound in every £11 of UK government spending on contractors went to private equity-controlled companies last year, research shows, including key services such as transport, waste management and healthcare. Politicians and economists have…
Tokenization is becoming the financing layer for AI and robotics, Framework bets with $400 million fund
The biggest investment opportunities in blockchain may no longer be in crypto itself, but in how the technology can finance capital-intensive industries such as artificial intelligence (AI), robotics and energy. That's the thesis behind Framework…
Google Caps Meta's Use of Gemini AI, Financial Times Reports
Google has placed limits on Meta Platforms Inc.' s use of its Gemini artificial intelligence models because it could not provide as much computing capacity as the social media company wanted, according to the Financial Times. In the latest sign of…
Hana Financial Group partners with Seobu T&D on Seoul logistics complex project
Hana Financial Group signed a memorandum of understanding (MOU) with real estate developer Seobu T&D to provide financing for an urban high-tech logistics complex in Seoul, the group said Sunday. The agreement establishes a partnership covering…
AI boom risks global financial crash, warn central bankers
London | Debt-fuelled spending on AI is driving up the risk of a global financial crisis, central bankers have warned. The Bank for International Settlements (BIS) said on Sunday (Monday AEST) that “excessive” spending on new AI data…
I Wouldn't Bet Against This Financial Stock in a Recession.
There's no question that a recession could be a problem for Progressive (PGR +4.05%). If that economic downturn led to a bear market, it would be an even heavier burden. However, neither a recession nor a bear market is likely to derail Progressive…
July horoscope will bring 'good fortune and financial success' to 1 star sign
Mercury retrograde began last month and will, unfortunately, be continuing well into July, and it won't be the only planet in retrograde, with three others joining Mercury throughout the month. Astrologer Inbaal Honigman says: 'In July of 2026…
Miles Bridges trade grades: Suns get financial relief at steep cost
The Charlotte Hornets continue to reshape their roster in lieu of LaMelo Ball, trading forward Miles Bridges to the Phoenix Suns in exchange for Grayson Allen, Royce O'Neale and an unprotected 2033 first-round pick. The Suns also receive a less…
Canadian pensions giant courts Brookfield's $3b La Trobe Financial
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
PFC-REC merger approved to create ₹11 lakh crore power financing giant
The Board of Directors of Power Finance Corporation (PFC) and REC (REC) approved the Scheme of Merger (Scheme) for the merger of the two state-run power sector non-banking financial companies (NBFCs). “The Board of Directors of PFC and REC…
My 2 sons moved back in with me, so my expenses have gone up. I'm forced to put off the financial freedom of an empty nest.
My 21-year-old son recently accompanied me to the grocery store. Our list wasn't lengthy. We needed a few items for a cookout with neighbors: hot dogs, brats, buns, some fresh produce, and chicken. On these shared trips, the two of us have taken to…
Could AI downturn lead to faster financial market crash?
What's the story The Bank for International Settlements (BIS), often referred to as the 'bank of central banks,' has warned that an artificial intelligence (AI) downturn could lead to a sharper and faster crash than traditional banking crises. The…
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