US consumer finance watchdog fines payments firm Block over Cash App operations
(Reuters) -The Consumer Financial Protection Bureau (CFPB) on Thursday ordered payments firm Block to pay a penalty citing fraud and weak security protocols on its mobile payment service Cash App. The regulator said Block, which is led by tech entrepreneur
Gaza ceasefire should take pressure off Israel’s credit rating, Fitch says
By Marc Jones LONDON (Reuters) – A ceasefire in the war in Gaza should be positive for Israel’s under-pressure credit rating, Fitch’s top sovereign rating analyst said on Thursday. Israel’s “A” rating is currently on a downgrade warning, or a “negative outlook”
Fed’s Waller: March can’t be completely ruled out for a rate cut
Investing.com — Federal Reserve Governor Christopher Waller said in an interview with CNBC on Thursday that the December inflation data was very good and that if data persists along the same lines, we may see rate cuts in the first half. “If
New York Fed says as of January reserve levels still abundant
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve Bank of New York released data Thursday that suggest it faces no imminent pressure to stop the process of shrinking the size of its balance sheet. The bank said that
Fed’s Waller: Cuts could come sooner than later if disinflation meets expectations
WASHINGTON (Reuters) – Inflation is likely to continue to ease and possibly allow the Federal Reserve to cut rates sooner and faster than expected, Fed governor Chris Waller said Thursday in comments that pushed against recent market moves that anticipated