Native American-Owned Banks by State

Native American-owned banks make up the smallest category of minority depository institutions (MDI) in the United States. Even if you include all of the currently active Native American-owned credit unions, they…

Women-Owned Banks in the US

On March 5, 2021, the Board of Directors of the Federal Reserve System announced that the system would be expanding its definition of minority depository institutions (MDIs) to include women-owned…

Stock market today: Tech leads losses as investors await Nvidia earnings

A decline in tech stocks led the market lower on Wednesday as investors awaited chipmaker Nvidia's (NVDA) earnings report, seen as crucial to keeping confidence in the broader market aloft.…

Russian economy shows solid growth despite Ukraine war sanctions

MOSCOW (Reuters) – The Russian economy has shown solid growth in many sectors while unemployment remains at a record low, new data showed on Wednesday, prompting officials to hint at…

Top 10 Asian American-Owned Banks

Of all the minority depository institutions (MDIs) in the United States, the largest single group is composed of the 71 Asian or Pacific Islander American-owned banks. Collectively, these commercial banks…

Boeing Whistleblower Continues to Raise Concerns

At the National Whistleblower Day celebration held on Capitol Hill on July 30, a Boeing whistleblower announced new documents which he claims further demonstrate shortcomings by Boeing around the manufacturing of the 737 Max…

Best Buy expected to post sluggish sales as consumers hold out for AI-enabled products

Best Buy (BBY) is expected to post another quarter of sluggish sales as consumers push off big-ticket purchases. On Thursday before the market open, the company is expected to post…

Russian Steel Bucks Global Downturn as War Economy Drives Demand

(Bloomberg) — Weak Chinese demand is depressing the global steel market, but Vladimir Putin’s war economy has made Russia a striking exception. Most Read from Bloomberg The Kremlin’s invasion of…

Community Banks: Meaning, Overview, History and FAQ

What Is a Community Bank? A community bank is a depository or lending institution that primarily serves businesses and individuals in a small geographic area. Community banks tend to emphasize…

Thailand’s new prime minister inherits a $14 billion cash handout problem and a sluggish economy

Days after being elected as Thailand’s youngest-ever prime minister, Paetongtarn Shinawatra threw cold water on a policy question that had been simmering for months. At a press conference soon after…