Category: Economy 1301
Capital One’s $425 Million Depositor Settlement Receives Preliminary Court Approval After Earlier Rejection
A federal judge on Monday granted preliminary approval to Capital One’s revised $425 million class-action settlement with depositors who alleged they were deprived of higher ... Read More
Fitch Says Federal Reserve Independence Is a Key Pillar of the U.S. Sovereign Rating
Fitch Ratings said on Monday that it considers the independence of the Federal Reserve to be a crucial supporting factor for the United States’ AA+ ... Read More
India Considers Requiring Smartphone Makers to Share Source Code in Security Overhaul
India is considering sweeping new security rules that would require smartphone manufacturers to share their source code with the government and implement a series of ... Read More
S&P 500 and Dow Close at Record Highs as Walmart and Tech Stocks Rise
The S&P 500 and the Dow Jones Industrial Average closed at record highs on Monday, supported by gains in technology stocks and shares of retailer ... Read More
Bank of Korea Expected to Hold Rates at 2.50% on January 15, With Next Cut Pushed to 2027
South Korea’s central bank is expected to keep its benchmark interest rate unchanged at 2.50% at its policy meeting on Thursday, as the recent weakness ... Read More
Fed’s Williams Says Monetary Policy Is Well Positioned Amid a Favorable Economic Outlook
Federal Reserve Bank of New York President John Williams said on Monday that he expects the U.S. economy to remain healthy in 2026 and indicated ... Read More
U.S. Consumer Prices Likely Rebounded After Government Shutdown Distortions
U.S. consumer prices are expected to have accelerated in December as distortions linked to the government shutdown, which had artificially restrained inflation in November, began ... Read More