Finance

Markets, economy, and industry.

  1. Industry

    Federal Reserve Terminates 2023 Cease-and-Desist Order on UBS and Credit Suisse

    The Federal Reserve terminated its July 2023 cease-and-desist order related to the Archegos losses, closing a public enforcement case involving UBS and Credit Suisse.

    · $UBS #creditsuisse #ubs #federalreserve #archegos

  2. Industry

    SEC Moves to Rescind 2024 Climate-Disclosure Rule, Sends Proposal for White House Review

    The SEC submitted a proposed rescission of its 2024 climate-disclosure rule to OIRA on May 4, signaling a formal move to undo the rule and reopen review.

    · #sec #climate #regulation #disclosure

  3. Industry

    Samsung and Union Fail to Reach Deal After Mediation; 18-Day Strike Planned May 21

    Post-mediation talks broke down May 13, raising the risk of an 18‑day strike at Samsung, a key player in global memory-chip supply chains.

    · #samsung #labor #semiconductors #southkorea

  4. Industry

    Toyota posts higher sales and revenue in FY2026, but operating profit falls after U.S. tariffs cut ¥1.4 trillion

    Toyota sold 9.595 million vehicles in FY2026 and revenue rose to ¥50.685 trillion, but operating profit fell after U.S. tariffs cut about ¥1.4 trillion.

    · $TM #toyota #earnings #tariffs #automotive

  5. Industry

    Teamsters launch ULP strike at Breakthru Beverage’s St. Louis distribution center, halting some deliveries

    Teamsters say 100+ Breakthru Beverage drivers and warehouse workers in St. Louis have launched an unfair-labor-practice strike over contract disputes, halting some deliveries.

    · #labor #teamsters #breakthru #stlouis

  6. Industry

    Coinbase to cut about 700 jobs, citing market weakness and an ‘AI era’ restructure

    Coinbase will cut about 700 jobs—roughly 14%—and take $50–60M in restructuring charges amid weak crypto markets and a shift toward AI.

    · $COIN #coinbase #layoffs #crypto #restructuring

  7. Industry

    UK regulator confirms FCA probes into Mastercard, Visa and PayPal over digital wallet funding

    The UK FCA confirmed antitrust investigations of Mastercard, Visa and PayPal over how PayPal’s digital wallet is funded and used; no findings yet.

    · $PYPL $MA $V #antitrust #payments #paypal #visa #mastercard

  8. Industry

    Trump Grants Presidential Permit for Bridger Cross‑Border Pipeline; Project Still Faces Reviews and Legal Challenges

    President Trump granted a permit April 30 for Bridger’s cross-border pipeline into Montana, but federal and state reviews and legal fights remain.

    · #pipeline #energy #montana #environment #infrastructure

  9. Industry

    DHL Teamsters Ratify Four-Year National Contract by 92%, Winning 20% Raises and AI Protections

    Teamsters ratified a four-year national DHL deal, securing a 20% wage increase, higher benefits and explicit safeguards against AI routing and autonomous vehicles.

    · #labor #teamsters #dhl #union #ai

  10. Industry

    Bank of Canada study: Canadian ports' global connectivity fell sharply from 2016 to 2023

    Bank of Canada staff research finds a 28% drop in deadweight tonnage through Canadian ports and a marked fall in maritime network connectivity from 2016–2023.

    · #canada #shipping #trade #bankofcanada #ports

  11. Industry

    After Spirit: which ULCC carries the same balance sheet?

    Spirit's collapse was structural, not unique. Reading the FY2025 10-Ks of JBLU, ULCC and ALGT side by side, Frontier's debt amortisation profile and 2025 cash burn are closest to the pattern.

    · $SAVE $JBLU $ULCC $ALGT #spirit-airlines #jetblue #frontier #allegiant #ulcc #airlines #bankruptcy #sec-analysis #sec-filings #industry

  12. Industry

    Brazil to Bar Bitcoin and Stablecoin Settlement in Regulated eFX Channel from Oct. 1, 2026

    Brazil’s central bank will ban settlement using bitcoin and stablecoins in its regulated eFX cross-border payments channel, effective Oct. 1, 2026.

    · #brazil #cryptocurrency #stablecoins #payments

  13. Industry

    Apple Posts Best March Quarter Ever, Raises Dividend and Authorizes $100 Billion Buyback

    Apple posted its strongest March quarter—$111.2B revenue—fueled by record iPhone and Services sales; dividend raised and $100B buyback authorized.

    · $AAPL #apple #earnings #aapl #technology

  14. Industry

    STB Says It Received Revised Union Pacific–Norfolk Southern Merger Filing; Completeness Comments Due May 8

    Surface Transportation Board received a revised Union Pacific–Norfolk Southern merger filing; comments on completeness are due May 8, 2026.

    · $UNP $NSC #railroads #mergers #transportation #regulation

  15. Industry

    Caterpillar Q1 Sales and Profit Jump 22% as Tariff Costs Trim Margins

    Caterpillar's Q1 sales rose 22% to $17.4B and EPS increased, but higher tariff-related manufacturing costs trimmed profit margins.

    · $CAT #caterpillar #earnings #manufacturing #construction

  16. Industry

    Tether Proposes Merging Twenty One Capital, Strike and Elektron Energy Into One Listed Bitcoin Company

    Tether Investments proposed combining public bitcoin firm Twenty One Capital with Jack Mallers’ Strike and miner Elektron Energy to form a listed crypto company.

    · $XXI #tether #bitcoin #merger #crypto #mining

  17. Industry

    Interior Schedules June 5 ANWR Coastal Plain Lease Sale — First Under 2025 Law

    Interior schedules an ANWR Coastal Plain oil-and-gas lease sale for June 5 — the first required under a 2025 law that mandates repeated auctions despite weak bids and pending litigation.

    · #anwr #alaska #oil #leasing #environment

  18. Industry

    Teamsters picket Amazon delivery sites in Los Angeles and Queens over alleged retaliation

    Teamsters picketed Amazon facilities in Los Angeles and Queens, saying Amazon canceled a DSP contract after drivers unionized; NLRB cases are pending.

    · $AMZN #teamsters #amazon #labor #delivery

  19. Industry

    Japan to Release Second Tranche of National Oil Reserves, Shipments Start May 1

    Japan will release 5.8 million kiloliters — about 20 days of use — from national reserves starting May 1 to steady supplies amid Middle East disruption.

    · #japan #oil #energysecurity #strategicreserves