Switzerland’s Financial Market Supervisory Authority (FINMA) conducted an in-depth review of the money laundering risk analyses of over 30 Swiss banks during the spring of this year and found that many did not meet the basic requirements for such an analysis. The Swiss watchdog in a statement explained that it was prompted...
Commuters arrive into the Oculus station and mall in Manhattan, New York, Nov. 17, 2022.Spencer Platt | Getty ImagesThe amount of money most workers want now to accept a job reached a record high this year, a sign that inflation is alive and well at least in the labor...
Season One Super Finals at the Life Time Rancho San Clemente in San Clemente, California. The Seattle Pioneers play the Los Angeles Mad Drops in the Premier League mixed doubles competition.Source: Major League PickleballThere's trouble in pickleball paradise.The Professional Pickleball Association and Major League Pickleball are now at odds...
Occidental Petroleum will acquire Carbon Engineering in a deal valued at more than $1 billion, the latest sign of burgeoning interest among oil majors in companies focused on carbon mitigation. The transaction is expected to close by the end of the year, according to a Tuesday release , and...
Shoppers walk by a Nordstrom sign at Westfield San Francisco Centre in San Francisco, May 11, 2023.Justin Sullivan | Getty ImagesCheck out the companies making the biggest moves midday:Nordstrom — The department store retailer sank 7.73% even after topping fiscal second-quarter earnings and revenue expectations. Earnings came in 40...
The exterior of a Peloton store is seen on February 05, 2022 in Dusseldorf, Germany. Jeremy Moeller | Getty ImagesPeloton on Wednesday reported a wider-than-expected loss and a quarterly drop in new subscribers that it blamed on its recall of its Bike seat post and seasonality, sending shares plunging about...
Nvidia founder, President and CEO Jen-Hsun HuangGetty ImagesNvidia shares climbed 6% in extended trading on Wednesday after the chipmaker beat estimates for its fiscal second quarter and issued optimistic guidance for the current period.Here's how the company did in the quarter ending July 30: Earnings: $2.70 per share, adjusted,...
A Washington, D.C., federal court this week prevented Finra from expelling a brokerage it found to have harmed customers, but the regulator is confident it can defend its enforcement authority in that case and a separate one that was filed earlier this month. Tuesday, the U.S. Court of Appeals for...
Australia's Transport Workers' Union have asked Qantas' CEO to resign over for "empty promises to frustrated passengers" and "announcing more tactics to silence workers and suppress wages."Phil Noble | ReutersAustralia's flagship carrier Qantas Airways reported a record annual profit on Thursday as demand for air travel continues to boom...
Relying on Social Security benefits for a comfortable retirement has never been a good plan, but most Americans today think they may not get anything at all. Research from the Nationwide Retirement Institute has found an increase in the number of those aged 50 and over who think the Social...