Crunchmarkets’s info on the world of finance
Marc Murtra, the chairman of defence company Indra, is set to take the helm at Telefonica, the Spanish telecom behemoth, following the board’s decision. The move comes after the state-owned fund SEPI recommended the change in leadership, replacing current CEO Jose Maria Alvarez-Pallete. The telecom giant’s board convened a special […]
The Consumer Financial Protection Bureau (CFPB) has imposed a $15 million fine on Equifax, one of the leading credit reporting agencies in the U.S. The penalty was levied after the CFPB found that Equifax had not properly investigated disputed consumer information, a revelation made public on Friday. Equifax, along with […]
WASHINGTON (Reuters) – The U.S. Department of Justice announced on Friday that they have initiated a legal suit against Walgreens, a leading pharmacy chain, accusing it of knowingly dispensing numerous prescriptions that lacked a valid medical rationale. Should Walgreens be held accountable, the company, which stands as one of the […]
The imminent presidency of Donald Trump is predicted to boost the value of Bitcoin, according to top executives at BlackRock’s ETF. BlackRock’s Chief Investment Officer for ETF and index instruments, Samara Cohen, believes that relaxed cryptocurrency regulations will spur Bitcoin to another record-breaking year. She anticipates progress in several areas […]
Article by Jonathan Stempel American Express, a leading credit card and travel services company, announced this Thursday its plans to settle U.S. criminal and civil investigations with a payment of approximately $230 million. The investigations centered around accusations of misleading practices in offering credit card and wire transfer products to […]
Despite the imminent announcement of China’s GDP for 2024 and the implementation of broad stimulus plans and interest rates cuts since September, the economic turnaround investors had eagerly anticipated is yet to materialize. This is according to a weekly report by BlackRock Investment Institute, which also highlighted China’s existing structural […]
Headline: Proposed US Regulations Could Restrict Nicotine Levels in Cigarettes The US regulatory authorities are contemplating the introduction of a novel policy, which would limit nicotine content in cigarettes to non-addictive levels. If implemented, this unprecedented initiative could help control tobacco consumption and subsequently impact the profit margins of the […]
Headline: Unveiling Goldman Sachs’ Fourth Quarter Earnings Goldman Sachs, the renowned multinational investment bank, is set to announce its earnings for the fourth quarter of 2024 before the commencement of trading Wednesday. The financial world eagerly awaits these figures, further fueling anticipations for substantial growth in Wall Street transactions. David […]
Authors Nupur Anand, Niket Nishant, and Saeed Azhar recently reported that Jennifer Piepszak, a key contender for the top spot at JPMorgan Chase, has chosen to withdraw her candidacy for the time being. This move has increased the likelihood of three other executives competing for the prestigious Wall Street position. […]
The electric vehicle (EV) sector in China is expected to experience a significant deceleration in 2025, according to expert projections. This could heighten the pressure on enterprises striving to remain profitable in a challenging market. The China Passenger Car Association reported that the sales of new energy vehicles, which include […]
