On Thursday, the U.S. Federal Trade Commission (FTC) announced that it had reached an agreement to allay antitrust concerns regarding the proposed acquisition of data vendor Black Knight by NYSE owner Intercontinental Exchange. The $11.7 billion merger of the two leading mortgage technology suppliers first alarmed the FTC because it would increase costs, stifle innovation, … Read more
The last of the five questions (see here) is about American politics. I’m aware that some CEO Daily readers would prefer if I completely avoided it. Today, neither political party is a good fit for business. As evidenced by the struggles of Disney, AB Inbev, and Target, the Republican right has declared war on “woke” … Read more
Attorneys for the U.S. Virgin Islands told a New York federal judge on Thursday that JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking in a request for summary judgement in a lawsuit seeking $190 million in damages from the banking giant for failing to stop underage sex trafficking for more than ten years. … Read more
The highly anticipated U.S. nonfarm payrolls finally decline on Friday, marking the beginning of a new month, along with a flurry of manufacturing data, capping up a week of conflicting economic news that also featured a positive surprise from China. The Federal Reserve is searching for additional signs of cooling, but not too much cooling, … Read more
The August jobs data, which is due out Friday morning, could reveal that the US labour market’s expansion slowed down even more. According to consensus forecasts provided by Bloomberg, the BLS’s monthly labour report, which will be released at 8:30 a.m. ET, is anticipated to indicate that nonfarm payrolls increased by 170,000 in August while … Read more
Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next month were solidified by monthly inflation rates that were declining. The likelihood of a recession this year was further reduced by the report from the … Read more
As it headed into a crucial monthly U.S. jobs report on Friday, the dollar was on track to end a six-week winning streak against major peers. This data is likely to influence the direction of Federal Reserve policy over the coming months. After a turbulent week in which overall weak economic data dampened expectations for … Read more
In addition to the DOD’s regular, basic budget, the Defence Department’s financial management community achieved an unprecedented feat last year by generating four supplemental budgets with amazing quickness. “The National Defence Strategy outlines our security priorities, defending the homeland, paced to the… growing threat posed by the People’s Republic of China across many domains—from cyber … Read more
Mexico’s central bank increased its economic growth forecast for this year and the following year, indicating that activity is above expectations in large part because of robust trade with the US. According to the central bank’s quarterly report released on Wednesday, Banxico increased its projection for growth in 2023 from 2.3% to 3%. The bank … Read more
the 30th of August 2023 (GLOBE NEWSWIRE) The global desalination technologies market, presently valued at US$16.87 billion, is expected to grow at a high-value CAGR of 11% from 2023 to 2033, according to a recent industry report by Fact.MR, a supplier of market research and competitive intelligence. Desalination technologies are becoming a vital component of … Read more
