By Ramsey Al-Rikabi Federal Reserve Governor Michelle Bowman said US banks need better supervision rather than higher capital requirements because they could stunt lending and competition, and she repeated her calls for an independent review of recent bank failures. “We need to consider whether examiners have the appropriate tools and support to identify important issues […]
By Andy Medici – Senior Reporter If CEOs want employees back in the office, they need to think beyond productivity alone. That’s according to Annie Dean, vice president of team anywhere at software tool company Atlassian, who said productivity-focused company mandates to bring workers back to the office remain a tough sell to workers who have now […]
By Abha Bhattarai Business has been so slow at the Corner Bar & Diner that many nights, owner Serena Rice closes her New Underwood, S.D., watering hole at 8 p.m., six hours early. Fewer people are stopping in — and when they do, they’re ordering $3 well whiskeys instead of their usual $5 pours of Crown […]
Hugh F. Kelly For the past couple of years, we have all been urged to “follow the science” in making decisions in a variety of areas of human behavior, from public health to public policy, as though scientific understanding provided a unique and unambiguous guide to what we ought to do. I have argued for […]
By Andy Medici – Senior Reporter, The Playbook, The Business Journals Small-business loans are becoming both harder to get and more expensive — and that combination is expected to get worse. While we previously have written about the tightening credit market — driven in part by the Federal Reserve’s sustained interest rate increases over the last year — […]
The delinquency rate on office building-related mortgage bonds spiked in May, per a report from Trepp, Emily writes. The big picture: Investors have been watching for this to happen since last summer — and May’s move may represent a “tipping point,” the data provider said in a note. State of play: The office space market is in a tough spot […]
Daphne HowlandSenior Reporter After years of marking Pride Month each June, Target in 2023 may have had one of mass-market retail’s boldest efforts yet celebrating the LGBTQ+ community. But amid a backlash to its Pride merchandising, including attacks at some stores, Pride Month commenced at Target with what many see as timidity. Before the commemorative month […]
Josh Schafer – Reporter Wed, May 24, 2023 Wall Street has been waiting for a recession that hasn’t materialized roughly five months into the year. Executives at S&P 500 companies are talking about recessions less on earnings calls for the third straight quarter, per FactSet. S&P Global’s flash US composite PMI showed US economic output reached a 13-month high […]
By: Paul Bubny The Green Street Commercial Property Price Index decreased by 0.1% in April. The index, which tracks the pricing of institutional-quality commercial real estate, has fallen by 15% since property prices peaked a year ago. “Prospective sellers may refuse to accept it, but that doesn’t change the fact that the bid price […]
By Steve Matthews and Matthew Boesler Two Federal Reserve officials signaled they favored pausing interest-rate increases, while a third policymaker said the central bank’s task in subduing inflation was not complete. “We at the Federal Reserve probably have more work to do on our end to try to bring inflation back down,” Minneapolis Fed President […]
