Auto Industry Could Lose $22B If Feds Raise Interest Rates

HOUSTON, TEXAS – JANUARY 04: A Toyota vehicle sits on the sales lot at the Joe Myers Toyota dealership on January 04, 2022 in Houston, Brandon Bell (Getty Images) COVID-19 messed up pretty much everything, and the auto industry was no exception. there have been chip shortages, manufacturing snafus and now, with the near … Read more

All US Trial Convictions in Crisis-Era Libor Rigging Have Now Been Overturned

WASHINGTON—A federal appeals court reversed the convictions of two former Deutsche Bank AG traders found guilty of rigging a global lending benchmark, overturning one of the US government’s highest-profile court victories linked to the 2008 financial crisis. The decision Thursday dealt a blow to the legacy of an investigation into which Washington poured resources after … Read more

Stock Futures Pause After Wild Ride

Stock futures wobbled as investors worried about the speed at which the Federal Reserve would move to lift interest rates, and awaited more earnings from major consumer and technology companies. Futures tied to the S&P 500 wavered between small gains and losses, after declining more than 1% earlier Thursday. Nasdaq-100 futures rose 0.5% and Dow … Read more