Business

Google settles racial discrimination lawsuit for $50 million

Friday, May 8 by SRN News

Google has reached a settlement with Black employees who alleged systemic racial disparities in hiring, pay, and advancement in a lawsuit filed in 2022. April Curley, a former Google employee, had sued the tech giant for racial discrimination, saying it engages in a "pattern... Read More.

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Friday, May 8 by SRN News

WASHINGTON (AP) - America's employers delivered a surprising 115,000 new jobs last month despite an economic shock from the Iran war. Hiring beat the 65,000 jobs forecasters had expected, though it decelerated from the 185,000 jobs created in March. The unemployment rate remained at a... Read More.

Bank of America taps tech dealmaker Richard Hardegree as vice chair of M&A, memo shows

Friday, May 8 by SRN News

May 8 (Reuters) - Bank of America has hired UBS investment banker Richard Hardegree to serve as the Wall Street titan's vice chair of mergers and acquisitions, according to an internal memo seen by Reuters on Friday. Hardegree, who brings more than 30 years... Read More.

Fed’s Goolsbee tells CNBC that job market is holding in

Friday, May 8 by SRN News

May 8 (Reuters) - Federal Reserve Bank of Chicago President Austan Goolsbee said on Friday that April hiring data shows more stability in the employment sector amid worrisome developments on the inflation front. The job market has been "stable without being good" and "I still... Read More.

Goldman Sachs’ private credit fund cuts value by 3.7%

Friday, May 8 by SRN News

By Matt Tracy May 8 (Reuters) - Goldman Sachs reported a decline in its private credit fund's value for the first quarter, as it saw an increase in unrealized losses and mark-downs in its portfolio, the fund said Friday. Investors have taken a closer look at... Read More.

Jane Street posts big jump in trading revenue for first quarter, with $16.1 billion haul, sources say

Friday, May 8 by SRN News

By Anirban Sen NEW YORK, May 8 (Reuters) - Jane Street reported a big surge in trading profits during the first quarter, as the Wall Street market maker generated net revenues of $16.1 billion, according to people familiar with the matter. (Reporting by Anirban Sen in... Read More.

US says it will revert to higher tariffs on EU goods if Brussels misses July 4 deadline

Friday, May 8 by SRN News

By Andrea Shalal WASHINGTON, May 8 (Reuters) - The U.S. will revert to higher tariffs on European Union goods if Brussels fails to implement trade deal commitments before a July 4 deadline, U.S. Trade Representative Jamieson Greer said on Friday. Greer, speaking on Fox Business Network's... Read More.

Strong US jobs data complicates any Warsh push for lower rates

Friday, May 8 by SRN News

By Michael S. Derby NEW YORK, May 8 (Reuters) - Strong U.S. hiring data in April dealt prospective Federal Reserve Chair Kevin Warsh's hopes of cutting interest rates a setback on Friday, giving officials greater latitude to use monetary policy to tackle increasingly high inflation. The... Read More.

Bank of England’s Bailey sees ‘wrestle’ with US on stablecoin regulation

Friday, May 8 by SRN News

By David Milliken LONDON, May 8 (Reuters) - Bank of England Governor Andrew Bailey said on Friday he expected there to be a "wrestle" between the United States and international regulators on the treatment of stablecoins, a form of cryptocurrency he sees as a potential... Read More.

US consumer sentiment hits record low in early May

Friday, May 8 by SRN News

WASHINGTON, May 8 (Reuters) - U.S. consumer sentiment slumped to a record low in early May as higher gasoline prices weighed on household finances and purchasing power, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index fell... Read More.

Current Weather

Google settles racial discrimination lawsuit for $50 million

US employers defy economic shock from Iran war and add a surprisingly strong 115,000 jobs in April

Bank of America taps tech dealmaker Richard Hardegree as vice chair of M&A, memo shows

Fed’s Goolsbee tells CNBC that job market is holding in

Goldman Sachs’ private credit fund cuts value by 3.7%

Jane Street posts big jump in trading revenue for first quarter, with $16.1 billion haul, sources say

US says it will revert to higher tariffs on EU goods if Brussels misses July 4 deadline

Strong US jobs data complicates any Warsh push for lower rates

Bank of England’s Bailey sees ‘wrestle’ with US on stablecoin regulation

US consumer sentiment hits record low in early May

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