Latest news with #TheWallStreetJournal
Business Insider
6 hours ago
- Business
- Business Insider
Rare-earth exports at center of U.S.-China trade truce risk, WSJ reports
A trade truce between the U.S. and China is at risk of falling apart as China's slow-walking on rare-earth exports fuels U.S. recriminations that China is reneging on the deal, according to The Wall Street Journal's Lingling Wei, Gavin Bade and Brian Schwartz. Chinese Vice Premier He Lifeng agreed to the demand U.S. demand that Beijing resume rare-earth exports in return for the U.S. agreeing to a 90-day tariff truce during talks in Geneva earlier this month, but since then Beijing has continued to slow-walk approvals for export licenses for rare earths and other elements needed to make cars, chips and other products, people familiar with the matter told The Journal. Confident Investing Starts Here:
The Sun
7 hours ago
- Business
- The Sun
HSBC to close its US business banking unit to simplify operations
HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets. 'Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States,' it said in a statement. 'We are supporting impacted clients while they transition to a suitable alternative provider and will retain some clients in our Mid-Market and Global Network Banking business,' it added. The Wall Street Journal reported on Friday that HSBC's move would affect about 4,500 clients. The UK-headquartered lender has been reducing its global footprint in an attempt to boost profits and expand in Asia and Middle East markets. The bank said in January it would wind down M&A and some equities businesses in the Americas and Europe. The Wall Street Journal said HSBC laid off 40 employees in the U.S. business banking division. HSBC declined to comment, In 2021, the bank said it was withdrawing from U.S. mass market retail banking by selling some parts of the money-losing business and winding down others. It sold its Canadian business to Royal Bank of Canada in 2022 for C$13.5 billion.
The Sun
7 hours ago
- Business
- The Sun
HSBC exits US business banking to refocus on Asia
HSBC is exiting its business banking portfolio in the United States, as it continued to simplify operations and shift its focus to Asia and Middle East markets. 'Following a strategic review of our business, we have decided to exit our Business Banking portfolio in the United States,' it said in a statement. 'We are supporting impacted clients while they transition to a suitable alternative provider and will retain some clients in our Mid-Market and Global Network Banking business,' it added. The Wall Street Journal reported on Friday that HSBC's move would affect about 4,500 clients. The UK-headquartered lender has been reducing its global footprint in an attempt to boost profits and expand in Asia and Middle East markets. The bank said in January it would wind down M&A and some equities businesses in the Americas and Europe. The Wall Street Journal said HSBC laid off 40 employees in the U.S. business banking division. HSBC declined to comment, In 2021, the bank said it was withdrawing from U.S. mass market retail banking by selling some parts of the money-losing business and winding down others. It sold its Canadian business to Royal Bank of Canada in 2022 for C$13.5 billion.
Yahoo
10 hours ago
- Business
- Yahoo
Associa Recognized as a US Best Managed Company
DALLAS, Texas, May 30, 2025 (GLOBE NEWSWIRE) -- Associa is proud to announce it has been selected as a 2025 US Best Managed Company. Sponsored by Deloitte Private* and The Wall Street Journal, the program recognizes outstanding U.S. private companies. The 2025 designees are U.S. private companies that have demonstrated excellence in strategic planning and execution, a commitment to their people, as well as maintaining financial performance and governance. Designees drove their businesses forward while remaining dedicated to their people and focusing on their customers. Advanced technology including AI took a center role for most of these companies, to create efficiencies and enhance the quality of products and experiences. 'We're honored to be recognized as a US Best Managed Company,' said John Carona, Chairman and CEO of Associa. 'This award reflects our team's commitment to innovation, strong leadership, and putting people first in everything we do.' Applicants are evaluated and selected by a panel of external judges focused on assessing hallmarks of excellence in four key areas: strategy, ability to execute, corporate culture and governance/financial performance. They join a global ecosystem of honorees from more than 44 countries recognized by the Best Managed Companies program. About the Best Managed Companies ProgramThe Best Managed Companies program is a mark of excellence for private companies. U.S. designees have revenues of at least $250 million. Hundreds of private companies around the world have competed for this designation in their respective countries through a rigorous and independent process that evaluates four key criteria in their management skills and practices — strategy, execution, culture and governance/financials. U.S. program sponsors are Deloitte Private and The Wall Street Journal. For more information, visit About AssociaWith more than 300 branch offices across North America, Associa is building the future of community for more than 7.5 million residents worldwide. Our 15,000+ team members lead the industry with unrivaled education, expertise, and trailblazing innovation. For more than 45 years, Associa has brought positive impact and meaningful value to communities. To learn more, visit Media Contact:Tiffany MershaeAssocia Public Relationstmershae@ *Please see for a detailed description of their legal structure. CONTACT: Tiffany Mershae Associa 972-661-4429 TMershae@ in to access your portfolio
Yahoo
10 hours ago
- Business
- Yahoo
RFK Jr.'s New Crusade Is Freaking Out White House Aides
Robert F. Kennedy Jr.'s war on pesticides is alarming White House and federal agency officials, according to The Wall Street Journal. Top aides are reportedly on edge ahead of an expected May 22 report to 'Make America Healthy Again' from Kennedy, who was confirmed in January as President Donald Trump's pick for secretary of health and human services. People familiar with the matter told the Journal that the report will spotlight what Kennedy believes is the 'deleterious impact of pesticides' on health. Targets include glyphosate—the active ingredient in Roundup, the world's most widely used weedkiller—and atrazine, a herbicide commonly sprayed on corn and grasses. Government officials worry Kennedy's push to link pesticides to U.S. health issues could disrupt the nation's food supply chain, according to the Journal. Kennedy has long been a vocal critic of pesticide use, arguing that chemicals like glyphosate and atrazine contribute to chronic health issues in the U.S. He made headlines when he suggested that endocrine disruptors—chemicals found in pesticides and plastic—may be influencing children's sexual orientation and gender identity. The Environmental Working Group said in 2024 that potentially harmful pesticides were found on more than 75 percent of non-organic fresh produce sold in the United States. Trump launched the 'Make America Healthy Again' Commission in February, with a sweeping mission to 'address the growing health crisis in America' by focusing on 'understanding and drastically lowering chronic disease rates and ending childhood chronic disease.' On the campaign trail last year, Trump vowed to probe pesticides and the causes of chronic health diseases. 'Millions and millions of Americans who want clean air, clean water and a healthy nation have concerns about toxins in our environment and pesticides in our food,' he said at a rally with Kennedy in Arizona in August. Behind the scenes, farm and food groups have also been scrambling to meet with White House officials to express their concerns about the report, according to the Journal. They are worried it could torpedo trust in decades of pesticide research. Illinois farmer and National Corn Growers Association President Kenneth Hartman Jr. told the newspaper that he fears the report will cast out 'the extensive research and testing on pesticides and cast doubt on the safe use of these technologies.' The Daily Beast has reached out to the White House and the HHS for comment. 'HHS, EPA, USDA and other federal partners are working closely to ensure the final report reflects gold standard science and practical considerations that will Make America Healthy Again,' an HHS spokesman told the Journal. 'The MAHA Commission's first report for President Trump will be a landmark assessment of what we know about the causes of America's chronic disease crisis and what we need further research on,' a White House spokesman told the publication. Sources told the Journal that the forthcoming 'Make America Healthy Again' report has been largely shaped by Kennedy adviser Calley Means, who co-wrote a book on the dangers of pesticides with his sister, new Trump surgeon general nominee Dr. Casey Means. The siblings say their book, Good Energy, is 'a unifying framework for understanding what is causing symptoms and diseases, and how to feel amazing now and in the future.'
