GENEVA (AP) — Swiss pharmaceuticals powerhouse Roche announced Monday it plans to invest $50 billion in the United States over the next five years, creating 12,000 jobs. The Basel-based company, whose array of products includes cancer medicines and multiple sclerosis treatment Ocrevus, said the investment would go toward high-tech research and development sites and new
The founders of women-owned Fortuna Bank aim to help local business owners grow and thrive. Lisa Berger and Ilaria Rawlins had experienced plenty of success in their careers, but a novel idea to start a women-owned bank was an opportunity they couldn’t turn down. Berger and Rawlins met in 2006, when Berger—at the time a
A Financial consultant, Professor Dr Frank Forbes-Menson, has proposed the use of bank guarantees as a viable alternative for financing the country’s national budget. According to him, the use of bank guarantees would help the country address her financial challenges rather than resorting to the International Monetary Fund (IMF). Prof. Dr Forbes-Menson made the proposal
The confidential list of no-go condominiums in Florida has surged to 1,438. In May 2023, just 35 Palm Beach County buildings were on the list. Drone video of Florida condo collapse site in Surfside one year later A condo in Surfside, Florida collapsed on June 24, 2021, ninety-eight people died. This drone video shows the
Chris Gallagher | Contributor The U.S. mortgage market has been on a rollercoaster ride over the past few years, thanks to economic uncertainties, policy shifts, and global financial pressures. As individuals move through 2025, volatility remains a defining characteristic, influencing everything from home affordability to refinancing trends. Joseph Cucchiara (Joe), who is a part of
After holding relatively stable during last week’s global market turmoil, cryptocurrencies have joined the sell-off. Bitcoin, the world’s most popular cryptocurrency dipped below $75,000 Monday morning before seeing a slight rebound. Bitcoin’s prices haven’t been this low since just after President Donald Trump’s Election Day victory last year launched a bull run in crypto prices.
The average rate on a 30-year mortgage in the U.S. edged lower for the second week in a row, a modest but welcome boost for prospective home shoppers in the midst of the spring homebuying season. The rate fell to 6.64% from 6.65% last week, mortgage buyer Freddie Mac said Thursday. A year ago, the
Fannie Mae tightened the screws on every condo association in America after the 2021 Chaplain Towers collapse in Surfside, Florida, where 98 lives were tragically lost. Financial and operational standards must be met, or the association is blacklisted. That’s budgeting, financial reserves, acceptable property maintenance and the like. In industry parlance, these blacklisted associations are
LOS ANGELES — President Donald Trump will hold a Wednesday meeting with aides about possible investors who could buy a stake in TikTok, a deal that could potentially stop the social media site from being banned in the United States. The details of the meeting were confirmed by a person familiar with the situation who
BNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. Banco Santander SA has won a Canadian banking license as it continues its expansion across the Americas. Canada’s banking regulator, the Office of the Superintendent of Financial Institutions, issued an order for Santander Consumer Bank to