The Trump administration has launched audits of immigration cases involving U.S. citizens of Somali origin to identify potential fraud that could lead to denaturalization, officials said on Tuesday. Homeland Security Assistant Secretary Tricia McLaughlin stated that U.S. law allows revocation of citizenship if it was obtained fraudulently, noting that such cases are rare and typically take years to resolve. According to the Immigrant Legal Resource Center, an average of about 11 denaturalization cases were pursued annually between 1990...
Bank of America is facing growing concerns over the departure of several senior investment bankers, prompting executives to reassure employees and reinforce the bank’s commitment to growth. Among the notable exits was veteran banker...
Albertsons (ACI.N) has withdrawn its fiscal 2026 financial forecasts as the US grocery retailer launches a comprehensive business review aimed at cutting costs, lowering prices and reversing sluggish sales. The company is facing cautious...
European luxury companies have lost approximately $350 billion in combined market capitalisation since the beginning of 2026, as hopes of a sector recovery fade amid persistent weakness in China. The downturn has weighed on...
Bumble said on Tuesday it had agreed to be taken private by Ithaca Holdings in a deal valued at $1.3 billion, as the dating app seeks to revive growth amid declining paying users and...
JPMorgan Chase reported its first quarterly profit miss in nearly three years on October 13, as market volatility, economic uncertainty and slowing dealmaking weighed on its investment banking and trading businesses. The banking giant...
Global investment in artificial intelligence infrastructure is helping sustain worldwide economic growth at around 3%, despite an energy supply shock, International Monetary Fund Managing Director Kristalina Georgieva said on Monday. Speaking at the IMF...
German automaker Volkswagen reported a 14.3% decline in global vehicle deliveries in the third quarter, marking its steepest drop in more than four years. Deliveries fell to 1.89 million vehicles, with continued weakness in...
European shares rose on Monday, while US stock futures remained broadly steady as investors looked beyond surging oil prices to the start of the third-quarter earnings season and key US inflation data. The pan-European...
TotalEnergies said on Monday that it is expanding its joint venture with investment firm KKR in the United States through the addition of a renewable energy portfolio valued at $1.2 billion. The deal includes...
Wall Street futures were little changed on Monday as investors monitored oil prices and geopolitical developments ahead of key US bank earnings and inflation data due this week. At 5:36 a.m. ET, Dow E-minis...