Many banks’ profits will take a hit and a few of them could even end up being in the red because of treasury losses, triggered by a sudden spike in government bond yields in the rising interest rate cycle, notes Tamal Bandyopadhyay. The Indian banking industry’s celebrations over its FY2022 […]

Alphabet Inc.’s Google plans to go slow on hiring for the rest of the year and consolidate investments through 2023, according to Chief Executive Sundar Pichai. In an email sent to employees, he acknowledged that the uncertain global economic outlook has been top of mind while making the decision, noting […]

The inaugural DC Power Index Prize will honor Ukraine’s ambassador to the United States Oksana Markarova, Capitol police officer Caroline Edwards and National Institutes of Health bioethicist Christine Grady, among others, at a ceremony on Wednesday. The prize honors women “who exemplify resilience, foster innovation, exhibit flexibility in times of […]

Netflix executives see content spending of about $17 billion in 2021 lingering there for the next several year through 2023. It’s the latest shift for the giant streamer that’s always been gung-ho about spending and was seen as nosing up to the $20 billion range. But as part of its […]

The House of Representatives on Tuesday passed legislation that provides rights to same-sex marriage, following concerns that future Supreme Court decisions could roll back precedent. The legislation passed 267-157, with all Democrats joined by 47 Republicans in support. The Respect for Marriage Act also would ensure rights to interracial marriage. […]

New York (CNN Business)Chipotle permanently closed a restaurant in Augusta, Maine that filed to form a union last month. “We have been unable to adequately staff this remote restaurant with crew and continue to be plagued with excessive call-outs and lack of availability from existing staff,” Laurie Schalow, chief corporate […]

European stocks may open slightly lower on Wednesday as COVID-19 concerns return to the fore. With the number of new cases rising by 30 percent globally in the last two weeks, World Health Organization’s chief on Tuesday said that the pandemic is “nowhere near over”. Multiple cities in China have […]

EXCLUSIVE: Adewale Akinnuoye-Agbaje, known for his roles in Suicide Squad, The Bourne Identity and The Mummy Returns, among others, has signed with Industry Entertainment for management. Akinnuoye-Agbaje recently portrayed the iconic Killer Croc in the Warner Bros/DC Comics feature Suicide Squad. He’ll next be seen in Neil Jordan’s feature Marlowe […]

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Food chains and restaurants, including McDonald’s and Wendy’s, are getting ready to treat customers with free or discounted french fries to celebrate National French Fry Day on Wednesday, July 13. French fries, whose origin is traced to be in Belgium, are considered one of the most popular side dishes worldwide. […]