Finance

CVS’s Omnicare Files Bankruptcy After $949 Million Judgment

CVS’s Omnicare Files Bankruptcy After $949 Million Judgment

(Bloomberg) — CVS Health Corp. subsidiary Omnicare Inc. has filed for bankruptcy after the pharmacy-services provider was ordered to pay $949 million over claims it improperly dispensed pres...

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Ripple’s Stablecoin Debuts on BlackRock-Backed Tokenization Platform

Ripple’s Stablecoin Debuts on BlackRock-Backed Tokenization Platform

Ripple’s RLUSD stablecoin has been integrated into Securitize’s platform, allowing users to exchange shares in tokenized money market funds for the dollar-pegged asset. The feature was enabled thr...

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Fed needs to be decisive in fending off job market risks

Fed needs to be decisive in fending off job market risks

By Howard Schneider WASHINGTON (Reuters) -The Federal Reserve may be late in supporting the labor market and could need to speed the pace of rate cuts if demand conditions weaken and businesses be...

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8 best bank account features for frequent travelers

8 best bank account features for frequent travelers

If you travel frequently, the features you get with a standard bank account may not cut it. Limited ATM access, excessive fees, and poor currency exchange rates can quickly eat into your travel bu...

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Europe’s plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

Europe’s plug-in hybrid boom helps Chinese carmakers outsell Renault, Audi in August, report shows

(Reuters) -Chinese automakers sold more cars in Europe than the Renault and Audi brands in August, helped by booming plug-in hybrid sales, with models from BYD, Jaecoo and MG in the category’...

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OECD warns tariffs will hit U.S. economic growth hard

OECD warns tariffs will hit U.S. economic growth hard

The full impact of U.S. tariff hikes has yet to hit, according to a new report from the Organization for Economic Cooperation and Development (OECD). The group said Tuesday that U.S. growth will...

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