Washington Financial News
09.08 / 14:11
UPS
FIVE
McDonald’s
Southern
country
Deal
Australian
Wendy’s cooks up deal with Flynn for 200 Australian stores
Washington | American fast-food chain Wendy’s has inked a deal with the world’s largest food franchisee and the new owner of Pizza Hut in Australia, Flynn Restaurant Group, to build 200 local Wendy’s stores starting in two years’ time.
09.08 / 13:05
Cooper
Fighting
testing
Pentagon eyes missile testing role for Australia
Australia could be a testing ground for US hypersonic and other long-range precision weapons under the AUKUS pact, a top Pentagon official told AFP on Wednesday. US Secretary of the Army Christine Wormuth said Australia's contribution to the three-way AUKUS agreement, which includes Britain, «doesn't always have to be dollars».
09.08 / 12:37
Fox
Platform
Racing
debate
Fox Business to host second Republican debate -RNC
WASHINGTON (Reuters) -Fox Business will hold the second debate of the 2024 Republican presidential contest, the Republican National Committee said on on Wednesday, making the conservative Fox outlets hosts of the party's first two debates.
09.08 / 11:13
Lowe's
Target
BlackRock
Micron
cover
exclusive
U.S. to Ban Some Investments in China
technology companies under an executive order the Biden administration will release Wednesday, escalating Washington’s efforts to prevent Beijing from developing cutting-edge technology for its military. The executive order is expected to cover direct investments in three technology sectors: semiconductors, quantum computing and artificial intelligence. It would prohibit investments in some forms of those technologies, while requiring Americans doing business in China to inform the U.S.
09.08 / 11:11
Adoption
regulation
Investing
International
Hong Kong Aims to Thrive as an International Crypto Hub Despite Global Scrutiny
The first licenses in Hong Kong have been issued to crypto companies under a new regulatory regime, as the city continues its plans to become an international crypto hub. But vital hurdles remain.
09.08 / 10:31
COST
UPS
Provident
star
Courts
Soul Patts checks out Star’s refinancing, courts Mathieson as partner
Washington H Soul Pattinson is one of the parties working on troubled casino operator Star Entertainment’s debt refinancing, and is primed to stand toe-to-toe with a heavyweight consortium led by distressed debt giant Oaktree Capital.
09.08 / 08:23
09.08 / 07:03
UPS
Provident
Entertainment
star
Courts
Soul Patts checks out Star’s refi, courts Bruce Mathieson as partner
Washington H Soul Pattison is one of the parties working on troubled casino operator Star Entertainment Group’s debt refinancing, and is primed to stand toe-to-toe with a heavyweight consortium led by distressed debt giant Oaktree Capital.
09.08 / 05:01
COST
UPS
Provident
FIVE
Manufacturing
country
How America is failing to break up with China
Foxconn, the world’s largest contract manufacturer. This year the Taiwanese giant has built or expanded factories in India, Mexico, Thailand and Vietnam. The Chinese production sites once beloved by Western companies are firmly out of fashion.
09.08 / 05:01
Citi
love
Golden Retriever's playful meeting with burglar caught on camera | WATCH
Washington Post, with a chuckle, the individual pushed the Electra 3-speed bicycle back into the confines of the San Diego garage, propping it against a shelf – a scene that was captured by the city's police department and subsequently shared via surveillance footage. As reported by Washington Post, police have made a plea for assistance from the public in identifying either the individual depicted in the video or the purloined bicycle. The stolen bike, a 2019 model in black, is adorned with "8-ball" caps on its tire valves, features an "8-ball" emblem on its frame, and boasts a black-and-white checkered design on the back wheel frame.
09.08 / 01:11
Target
Cooper
Progressive
Aware
Fighting
Matthews
show
US and Iraq engage in discussions for long-term defence collaboration
Also Read: US Defense chief visits Iraq for talks on troop presence US officials say the arrangement, with Iraqi forces in the lead, since December 2021, has proven successful. US estimates show IS ranks have been cut to fewer than 1,000 fighters in Iraq while the group's leadership in Iraq has likewise been continually degraded by Iraqi forces.
08.08 / 19:19
Target
CEO
Solomonic
Goldman Sachs CEO replaces chief of staff with Blankfein confidant
New York | Goldman Sachs Group is turning to a longtime Lloyd Blankfein confidant as the Wall Street giant grapples with internal bickering and dissatisfaction in the ranks.
08.08 / 18:21
UPS
Career
GILD
social
A 143-Year-Old Portrait Fuels a US Government Turf War
Do you know who Hugh McCulloch was? Don’t feel bad. Almost no one else remembers him either. Yet here in America’s hidebound capital, where power sometimes takes the shape of a rectangular gilded frame, two federal agencies are squabbling over the 143-year-old portrait of a long-dead public servant so obscure he’s more like Who McCulloch to Americans today.
08.08 / 14:53
COST
UPS
Reuters
wholesale
US wholesale inventories revised lower in June
WASHINGTON (Reuters) — U.S. wholesale inventories fell more than initially estimated in June, which could have implications for the second-quarter gross domestic product estimate.
08.08 / 14:11
U.S. regulators
U.S. regulators cite Wells Fargo, BNP Paribas, over recordkeeping
WASHINGTON (Reuters) — U.S. regulators on Tuesday said they had settled with more than a dozen financial firms, including Wells Fargo (NYSE:WFC) and some foreign banks, over charges of widespread recordkeeping failures, including in some cases the use of personal text messages and other messaging apps.
08.08 / 09:47
COST
UPS
Target
Manufacturing
show
US inflation has steadily cooled. Getting it down to the Fed's target rate will be the toughest mile
Over the past year, inflation in the United States has tumbled from 9% all the way to 3%, softening most of the price pressures that have gripped the nation for more than two years
08.08 / 07:49
UPS
Lowe's
electronic
rock
Lynas seeking new mines, leaving nothing to waste
Kalgoorlie | Lynas Rare Earths is looking for acquisitions to capitalise on the needs of its customers, including the US Department of Defense, which are anxious to wean themselves off China products.
08.08 / 03:45
08.08 / 02:21
UPS
Citi
Provident
Aviat
track
country
Power
Thousands of flight cancellations, 1.1 million lose power as strong storms hit eastern US
Rain began falling in the Washington area shortly after 5 p.m., and the skies gradually turned an ominous dark gray, a precursor to the severe weather and mass power outages that were predicted. The National Weather Service issued a tornado watch for the greater D.C. area, lasting until 9 p.m., as well as a flood warning extending through Tuesday morning.
08.08 / 02:21
Aviat
Pool
Southern
track
Washington shuts US government offices due to threatening weather
Washington D.C. area closed early on Monday because of threatening weather as forecasters warned people across the eastern U.S. of possible tornadoes, damaging winds and large hailstones.
08.08 / 01:57
Provident
Target
Reuters
Digital
Discover
Top Russian missile maker's data breached by hackers of North Korea, says report
Also Read: Funds worth ₹215 crore frozen: US targets Indian diamond sellers over alleged Russia connection: Report The cyber-espionage teams to the North Korean government targeted Mashinostroyeniya, a rocket design bureau based in Reutov, a small town on the outskirts of Moscow. The team, secretly called as ScarCruft and Lazarus, installed stealthy digital backdoors into system at NPO Mashinostroyeniya found Reuters' James Pearson and Christopher Bing. Also Read: Ukrainian Naval Drones Attack Russian Black Sea Port Till now, there has been no clarity on wether any data was taken during the intrusion or about the information that was leaked.
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