Finance

Fed officials expressed caution about lowering rates too quickly at last meeting, minutes show

WASHINGTON – Federal Reserve officials indicated at their last meeting that they were in no hurry to cut interest rates…

Here’s why Capital One is buying Discover in the biggest proposed merger of 2024

Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall…

UK posts record budget surplus in January

LONDON — The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures…

HSBC posts record annual profit but misses estimates on China write-down, shares tumble 7%

HSBC‘s full-year 2023 pretax profit missed analysts’ estimates on Wednesday, hit by impairment costs linked to the lender’s stake in…