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Finance & Markets

U.S. Stocks Recover From Early Weakness, Dow Moves Sharply Higher

(RTTNews) - After coming under pressure early in the session, stocks have regained ground over the course of the trading day on Thursday. The major averages have climbed well off their lows of the session, with the S&P 500 joining the narrower Dow in positive territory.

We haven't written up this one. Nasdaq Markets has the full story — the link below goes straight to it.

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SEB pays $33m to NYDFS over AML failures

New York State Department of Financial Services (DFS) Acting Superintendent Kaitlin Asrow announced today that Skandinaviska Enskilda Banken AB and its New York Branch (together, SEB or the Bank) have…

Nigeria, South Africa, others face $209 billion funding gap for Black-owned businesses — Report

A new report by British International Investment (BII), the United Kingdom’s development finance institution, and Swedfund has identified an estimated $209 billion financing gap for Black-owned and…

  • Nigeria faces $131 billion gap, surpassing combined gaps in other four countries.
  • Black-owned businesses dominate small enterprises but struggle in capital-intensive industries.

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