Chevron gets new US license to pump oil in Venezuela again

Chevron gets new US license to pump oil in Venezuela again

WASHINGTON—The United States has said it will allow Chevron Corp. CLC -0.29% to resume pumping oil from its Venezuelan oil fields after President Nicolás Maduro’s government and an opposition coalition agreed to implement an estimated $3 billion humanitarian aid package and continue dialogue in Mexico City on efforts to organize free and fair elections. Following … Read more

Employers are rethinking the need for college degrees in a tight job market

Employers are rethinking the need for college degrees in a tight job market

Companies like Alphabet Inc. Google, Delta Airlines Inc. and International Business Machines Corp. reduced training requirements for some positions and refocused hiring to focus more on skills and experience. This year, Maryland reduced college degree requirements for many jobs in the state, leading to increased hiring, and Pennsylvania’s new governor, Josh Shapiro, campaigned on a … Read more

Retirement planning means more than saving in your 401(k)

Retirement planning means more than saving in your 401(k)

Most Americans don’t have a retirement plan, even those who max out their 401(k)s. The meaning of retirement has been reshaped as people live longer and healthier lives. Building a nest egg is essential, but that alone is not the same as figuring out what to pursue in your post-career decades. Retirement coaches suggest that … Read more

Jeffrey Epstein accusers sue Deutsche Bank, JPMorgan

Jeffrey Epstein accusers sue Deutsche Bank, JPMorgan

Both lawsuits seek class action status and unspecified damages. They were both brought in by lawyers who represented many of the late financier’s accusers. The lawsuits were filed in federal court in New York on Thursday. “Now is the time for the real enablers to be held accountable, especially his wealthy friends and the financial … Read more

Twitter Exodus hits regulatory and content teams globally

Twitter Exodus hits regulatory and content teams globally

Elon Musk’s decision to purge Twitter Inc. employees who don’t share his vision has led to a wave of departures among policy and security staff around the world, prompting questions from regulators in key jurisdictions on the site’s ongoing compliance efforts. Oversight has been particularly tight in Europe, where authorities have taken on a bigger … Read more

How the Crypto Collapse May Have Done the Economy a Favor

How the Crypto Collapse May Have Done the Economy a Favor

This year’s crypto meltdown has all the hallmarks of a classic banking crisis: stampedes, sellouts, contagion. What it doesn’t have are banks. See the bankruptcy filings of crypto platforms Voyager Digital Holdings Inc., Celsius Network LLC and FTX Trading Ltd. and hedge fund Three Arrows Capital, and you won’t find any banks among their major … Read more

Thanksgiving poses the next Covid-19 test as the United States seeks to avoid a strong surge

Thanksgiving poses the next Covid-19 test as the United States seeks to avoid a strong surge

Thanksgiving again comes at a precarious time, as new subvariants take over and the cold weather returns to bring people indoors, often to family gatherings where the virus can easily spread. Last year’s holiday coincided with the arrival of an early version of the Omicron variant that sparked an explosive rise in cases and the … Read more

Credit Suisse warns of $1.6 billion loss after clients withdraw cash

Credit Suisse warns of .6 billion loss after clients withdraw cash

Credit Suisse CS -1.45% Group AG warned it would lose about $1.6 billion in the fourth quarter after customers withdrew their investments and deposits due to concerns about the bank’s financial health. The second-largest Swiss bank by assets said outflows accounted for about 6% of its total assets of $1.47 trillion, or about $88.3 billion, … Read more

FTX Indicates Substantial Amount of Stolen or Missing Crypto Assets

FTX Indicates Substantial Amount of Stolen or Missing Crypto Assets

A significant amount of FTX assets are either missing or stolen, an attorney for the failed cryptocurrency exchange claims in court, promising to cast a wide net to potentially secure billions of dollars in funds that passed through the company he called the “personal fiefdom” of co-founder Sam Bankman-Fried. Tuesday’s hearing marked an inflection point … Read more

What tax advisers say the midterm elections mean for your financial plans

What tax advisers say the midterm elections mean for your financial plans

The midterm election results give Americans a chance to file their next three tax returns, tax advisers said. Although some races remain too close to be called, Republicans seem on track to regain control of the House of Representatives. A Democratic-controlled Congress could tackle bipartisan retirement legislation and other more modest tax provisions in its … Read more