ARC Document Solutions, a leading provider of document solutions, has reported a near 3% increase in overall sales for the first quarter of 2024, with a notable rise in earnings per share. The company attributes its top-line growth to a strategic sales focus, despite facing increased material and labor costs.ARC…

NEW YORK (Reuters) – Extreme heat and rising electricity demand are expected to drive up power prices in Texas this summer, while the rest of the U.S. power markets are broadly pricing lower, according to analysts and data this week.WHY IT’S IMPORTANT Imbalances in U.S. power supply and demand, along…

Martin Gruenberg, the chair of the Federal Deposit Insurance Corporation, is facing a barrage of calls from lawmakers to resign after a scathing 234-page report released Tuesday detailed pervasive sexual harassment, discrimination and bullying at the agency. If he heeds the calls, there could be significant ramifications for banks across…

AUD/USD drops 0.26%, pressured by higher US Treasury yields and risk aversion, contributing to a 0.70% two-day decline. RBA keeps rates steady; nuanced inflation comments lead to negative market reaction for AUD/USD. US Fed caution echoed by Boston Fed President Susan Collins, warning against premature rate cuts amid September cut…

Binance CEO Richard Teng has advocated for the release of Tigran Gambaryan, head of the crypto exchange’s Financial Crime Compliance team, who has been detained by the Nigerian government for over 70 days. Gambaryan reportedly flew to the country in February for talks on collaborative policy meetings, only to be…