Fed Chairman Jerome Powell on Wednesday emphasized that the Federal Reserve is not a climate regulator and will resist any political pressure to pursue green goals. Powell, speaking at Stanford ...
WASHINGTON — How far the Federal Reserve can go to compel banks to consider the consequences of climate change in their lending policies could take center stage at a Senate hearing Thursday on ...
Citigroup could suffer billions of dollars of losses in its loan book if the world sped up efforts to tackle climate change, ...
For nearly six months now, investors have operated with one assumption leading to one single question: when, not if, the ...
Citi disclosed it is on pace to reach its 2030 sustainable finance goals, but Reuters also found a draft indicating the losses the bank would incur if the world goes net zero.
As recently as the Fed's last meeting March 20, the policymakers themselves had projected three rate reductions in 2024. Rate ...
Three long-running satellites will soon be switched off, forcing scientists to figure out how to adjust their views of our changing planet. By Raymond Zhong Other states have also considered ...
At an invitation-only gathering of senior government housing officials, industry leaders, insurance experts, climate ...
After mortgage rates reached as high as 8% in October 2023, the Federal Reserve paused on hiking the Fed funds rate and said it would cut interest rates three times in 2024. The timing of those ...
The bond market is breathing a huge sigh of relief after the April jobs report indicated hiring and wage growth are slowing. Assuming the weakness sticks, it looks like a Goldilocks scenario for the ...
CITIGROUP could suffer billions of dollars of losses in its loan book if the world sped up efforts to tackle climate change, ...