Editor’s Note: Ed Mierzwinski is senior director, federal consumer programs, U.S. PIRG, a non-profit consumer group. The views expressed in this commentary are his own. View more opinion on CNN. CNN  —  When untold numbers of Americans looked in their bank accounts last week for their directly deposited paychecks, the money wasn’t there. The Clearing House, the banking association and payments company behind…

NEW YORK, Nov 10 (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs (GS.N) said on Friday, without citing the underlying reasons.”Financials was the most net sold sector on the U.S.prime book this week and saw the largest net selling in seven weeks, driven…

CNN  —  A ransomware attack on a US unit of the powerful Industrial and Commercial Bank of China that may have contributed to a brief market sell-off on Thursday was a significant escalation for cybercriminals that underscored how big hacks can disrupt business for even the best-resourced companies, experts told CNN. The incident immediately sparked concern…

PIX Now Afternoon Edition 11-10-2023 PIX Now Afternoon Edition 11-10-2023 11:26 U.S. Treasury Secretary Janet Yellen said Friday that she and her Chinese counterpart agreed to work toward a “healthy economic relationship,” during two days of talks that she said helped lay the groundwork for a productive meeting next week between President Joe Biden and…

The Roanoke Rapids Sanitary District is now accepting applications for the following position: FINANCE DIRECTOR The Roanoke Rapids Sanitary District is seeking a Finance Director to serve as its next chief financial officer. This position plans, organizes, directs, supervises, advises, and participates in the overall financial management functions of the District. Responsibilities include general accounting,…

The rise of artificial intelligence is already having labor market impacts, as a number of finance leaders recently admitted in a survey that they have already laid workers off because AI made their positions unnecessary. Job hunting support solution ResumeBuilder polled 750 business leaders at companies that currently or plan to use AI in 2024.…

Nov 10, 2023 16:01 3 min read (Updated: Nov 10, 2023 16:03) Fernando Haddad, Brazil’s finance minister, and Diogo Guillen, the Central Bank’s director of economic policy, offered contrasting views on the country’s fiscal policy at an event hosted by investment bank Itaú BBA in São Paulo this week.Mr. Guillen expressed concern about a de-anchoring…

China’s bid to provide stimulus through increased bond issuance has led to a cash crunch, Bloomberg reported. This week, banks issued a form of short-term debt at the highest volume on record. Last week, some smaller lenders had to borrow short-term cash at a 50% rate. Loading Something is loading. Thanks for signing up! Access…

Americans are once again juggling their federal student loan payments with all their other bills as the moratorium is clearly in the rearview mirror. By the end of the second quarter of 2023 across the nation there was a total of nearly $1.77 trillion in outstanding federal student loan debt.The average balance for borrowers is…

After 17 years of providing financial management and budgeting features for millions of users, the free app Mint is expected to be gone by the start of the new year.