Finance

Basel III Endgame will have ‘unintended consequences’ for every corner of the economy, top economist Randall Kroszner warns – Uptrends

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Basel III Endgame will have ‘unintended consequences’ for every corner of the economy, top economist Randall Kroszner warns – Uptrends

  New banking regulations don’t typically generate much interest from the general public. Basel III Endgame (B3E) is a bit different—and it’s not just the catchy, Marvel-esque nickname that’s drawing attention. The nation’s top bankers—as well as numerous conservative lawmakers, industry associations, and lobbyists—have pushed back against B3E, arguing it will be costly for consumers … Read more

Chase Sapphire Preferred review: impressive travel rewards without the high annual cost – Uptrends

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Chase Sapphire Preferred review: impressive travel rewards without the high annual cost – Uptrends

Fortune Recommends™ has partnered with CardRatings for our coverage of credit card products. Fortune Recommends™ and CardRatings may receive a commission from card issuers. Our take: The Chase Sapphire Preferred® Card offers an impressive welcome bonus, bonus value on travel redemptions and several transfer partners. If you’re looking for luxury travel perks, however, the card … Read more

Bank of America CEO on mortgage rates at 7%, inflation, wage hikes – Uptrends

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Bank of America CEO on mortgage rates at 7%, inflation, wage hikes – Uptrends

American consumers are being pulled in two opposite directions right now: by rising prices that threaten consumption on one side, and by low unemployment and rising wages that are fueling growth on the other. But Bank of America predicts that the two forces, with the help of a push from the Fed, will reach an … Read more

Boeing replaces head of 737 Max program, Ed Clark – Uptrends

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Boeing replaces head of 737 Max program, Ed Clark – Uptrends

Boeing Co. ousted the head of its 737 Max program after a midair blowout of a fuselage panel on an Alaska Airlines jet led to withering scrutiny of the manufacturing quality of the planemaker’s most important model. Ed Clark, who helped ramp up 737 production in the aftermath of the Covid pandemic, is stepping down … Read more

When will home prices stop accelerating? Fortune 500 economist calls peak – Uptrends

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When will home prices stop accelerating? Fortune 500 economist calls peak – Uptrends

The housing market has been all but impossible to crack for many buyers the past two years. The coupling of mortgage rates and home prices being on the rise made the thought of buying a house painful—and, for sellers, losing their sub-3% mortgage rates from the pandemic made it nearly unbearable to let go of … Read more

Krogers-Albertsons merger rocked by Colorado AG’s allegation supermarkets illegally colluded not to hire each other’s workers – Uptrends

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Krogers-Albertsons merger rocked by Colorado AG’s allegation supermarkets illegally colluded not to hire each other’s workers – Uptrends

Kroger’s $24.6 billion acquisition of competing grocery chain Albertsons could be in jeopardy after two challenges by state attorneys general—and a claim by Colorado’s top lawyer that the companies colluded to hurt workers and protect their bottom line. Last week, Colorado state attorney general Phil Weiser sued to block the merger of two of the … Read more

‘Space junk’ unicorn backed by Japanese billionaire takes flight from Tokyo – Uptrends

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‘Space junk’ unicorn backed by Japanese billionaire takes flight from Tokyo – Uptrends

For more than a decade, an abandoned piece of a Japanese rocket has been speeding uncontrolled around Earth, at risk of colliding with active satellites and causing havoc in orbit. Now a Tokyo-based startup run by a veteran of McKinsey & Co. and Japan’s Ministry of Finance is sending a spacecraft to inspect the debris, … Read more

Housing crisis hits ski resort towns as Telluride draws down millions in municipal bonds – Uptrends

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Housing crisis hits ski resort towns as Telluride draws down millions in municipal bonds – Uptrends

Telluride, a ski resort destination in Colorado, is the first vacation town to sell municipal bonds for affordable housing this year. It likely won’t be the last. The reason for last week’s sale is immediately apparent by typing “Homes for Sale Telluride Colorado” in an Internet browser. The websites that appear show that anyone wanting to buy … Read more

Semiconductor company and GPU manufacturer Nvidia set to report earnings – Uptrends

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Semiconductor company and GPU manufacturer Nvidia set to report earnings – Uptrends

Nvidia Corp.’s market-leading advance has left even the bulls questioning if an earnings beat will be enough to propel the AI chipmaker’s shares higher. The key now, for Nvidia and the entire market, is ‘whether the company can meet revenue estimates and assure investors that it sees further growth in generative artificial intelligence. Goldman Sachs … Read more

 ‘Not your grandfather’s accounting profession’: 6 certifications addressing skills gaps with domain-specific training – Uptrends

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 ‘Not your grandfather’s accounting profession’: 6 certifications addressing skills gaps with domain-specific training – Uptrends

It should come at no surprise that virtually every successful business has an accounting expert. If someone isn’t tracking the books, it’s likely your business won’t be a business for much longer. Thus, the need for those with the up-to-date financial and business acumen is paramount in today’s fast-moving world. But, there’s a major challenge: … Read more