Inflation is stubbornly high, and the Federal Reserve has been aggressively raising interest rates in its efforts to bring it down. Since March, the Fed has hiked the benchmark federal funds rate from essentially zero to over 3%, -- the fastest it has boosted rates in decades. One rock-solid fintech that has been caught up in the wave of selling is LendingClub (NYSE: LC).
Goldman Sachs has appointed Hidehiro Imatsu as president of its Japan unit, it said in a release on Thursday. Imatsu, who is based in Hong Kong, will relocate to Tokyo and, as well as serving as president, will retain his current roles as co-head of global interest rates product trading and co-head of the Asia Pacific fixed income, currency and commodities. Imatsu takes the place of Masanori Mochida, who announced he would retire last year after more than 38 years at the investment bank.
With the Supreme Court's blessing, states can set their own laws governing when and under what circumstances abortions are legal. Idaho did that.
The Bute House Agreement brought the Green Party into government for the first time anywhere in the UK
Bitcoin fell 4% in 24 hours, dipping below $65,000 after outflows from Grayscale's exchange-traded fund hit $130m.
Sterling rose versus the dollar and the euro as investors assessed the Bank of England's monetary policy path after recent mixed signals from policymakers. The pound dropped late last week and on Monday versus the greenback as Governor Andrew Bailey said that inflation was broadly declining in line with BoE forecasts, which would indicate that interest rates might fall more quickly than the market currently expects. "With sterling undershooting the move in UK rates and more balanced commentary this week, our bias would be to fade the recent dovishness and for the pound to retrace some of its losses," said Kamal Sharma, forex strategist at BofA.
A £31 billion takeover pursuit and some robust blue-chip updates helped to boost the FTSE 100 index today. Anglo American, whose interests include De Beers and the giant Woodsmith polyhalite project in North Yorkshire, is the target of Australia’s BHP. Meanwhile, shares in Barclays, AstraZeneca and Unilever performed strongly after their first quarter updates.
LEVERKUSEN, Germany (AP) — Jonathan Tah is already a German champion with Bayer Leverkusen. He's hungry for more titles. Tah could yet complete a treble this season in the Europa League — where Leverkusen plays Roma in the semifinals next week — and in the German Cup. Then there's the European Championship with Germany, for which Tah has become a regular starter in central defense alongside Real Madrid's Antonio Rüdiger. Leverkusen's players and coach Xabi Alonso — who Tah showered with beer dur
McGregor will return after a three-year absence from the cage, fighting in the main event of UFC 303
The East London Cloth founder is gearing up to launch new fabric house CC Moulton from her studio on arty Vyner Street
People who complain of the “Disneyfication” of Venice, avert your eyes. The city has just introduced a €5 (£4.30) fee to enter.
Missiles secretly delivered this month have been used to strike Russian targets in Crimea, US media say.
Ryan Gosling has dashed fans' hopes for a sequel to his hit comedy action film The Nice Guys.
Former Post Office head of partnerships Angela van den Bogerd has said she is “truly sorry” for the “devastation” caused to wrongly convicted subpostmasters. Errors in the Post Office’s Horizon IT system meant money appeared to be missing from many branch accounts when, in fact, it was not.
The FlySafair flight made a ‘screeching’ landing back in Johannesburg
Love or loathe them, Miu Miu’s penchant for preppy is taking major style cues from your dad’s wardrobe and the influencers are loving them - read more
Alex Ogden attacked a man in his 50s and subjected him to ‘appalling homophobic abuse’
Peter and Emily Andre are still deciding on a name for their third child. Discover all of their baby name announcements below as they continue to select a moniker...
White House and EPA to release new rules to reduce pollution at power plants, curb fossil fuel emissions scientists say are driving climate change
Taiwan's president-elect has appointed new foreign and defense ministers to join his incoming administration as the island faces continuing military threats and diplomatic isolation from China. Lai Ching-te, who assumes the presidency on May 20, announced Thursday that current Presidential Secretary General Lin Chia-lung will take over as foreign minister.
Rumer posed with her daughter Louetta and her sisters Tallulah and Scout for some cute swimwear snaps posted on Instagram
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