WASHINGTON (AP) — The U.S. economy grew last quarter at a healthy 3% annual pace, fueled by strong consumer spending and business investment, the government said Thursday in an upgrade of its initial assessment. The Commerce Department had previously estimated that the nation’s gross domestic product — the total output of goods and services —
At the COP26 summit in 2021, 39 countries and public finance institutions, including Canada, the UK, France, and the European Investment Bank, pledged to end their financing of fossil fuels. A year after the deadline, the signatories appear to have made substantial progress in reducing their funding for oil and gas, according to a new
A growing number of retirement savers are sitting on a cool million or more in their IRAs or 401(k)s. IRA account holders at Fidelity with $1 million or more saved jumped to 398,594 at the end of June, up from 376,275 at the end of the first quarter, according to Fidelity Investments. That nearly 6%
Banking is changing. No longer the sole province of financial specialists and time-honored institutions, it has instead become woven into the digital fabric of wherever we shop and conduct business. Aptly named, embedded finance is playing a crucial role in the financial industry’s digital transformation, turning everyday brands into financial services providers. This shift is
Falcon Oil & Gas Ltd. FALCON OIL & GAS LTD. (“Falcon”) Filing of Interim Financial Statements 29 August 2024 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces that it has filed its Interim Financial Statements for the three and six months ended 30 June 2024 and 2023 and the accompanying Management’s Discussion
UBS initiated coverage on power financiers like REC Ltd. and Power Finance Corp. with a ‘buy’ rating, given India’s high growth in renewable power generation and infrastructure capital expenditure. The brokerage views Power Finance Corp. and REC as financiers of high-growth renewable power generation and infrastructure capex in India and not as traditional power capex
LOS ANGELES (AP) — Nvidia may have exceeded Wall Street estimates as its profit jumped — buffeted by the chipmaking dominance that has cemented Nvidia’s place as the poster child of the artificial intelligence boom — but investors seemed less than impressed. The company reported a net income of to $16.6 billion. Adjusted for one-time
Nvidia (NVDA) reported better-than-expected second quarter results after the market close on Wednesday with forecast for the current quarter that also beat expectations. The chip giant reported adjusted earnings of $0.68 per share compared to the expected $0.64. Revenue was $30.0 billion versus an estimated $28.86 billion. Can the chip-making giant, as well as other
SIOUX FALLS, S.D., August 28, 2024–(BUSINESS WIRE)–Pathward Financial, Inc. (the “Company”) (Nasdaq: CASH) today announced that its wholly owned subsidiary Pathward®, N.A. (“Pathward”), an industry leading financial empowerment company driven by its purpose to power financial inclusion, has entered into a definitive agreement to sell its commercial insurance premium finance business to AFS IBEX Financial
BATON ROUGE, La. (WAFB) – High schoolers across the state are learning something new this year. Students are now required to take a financial literacy course before they graduate. Over at East Ascension High School, Lisa Hoppenstedt is teaching students how to better manage their money. “We just wrapped up the banking unit and we’re