Credit Suisse
Economy

The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?

Following Credit Suisse’s “emergency rescue” by rival UBS, Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing the stricken Swiss lender to the brink. Credit Suisse’s most recent share price […]

Texas
Economy

Bitcoin mining booms in Texas

MCCAMEY, Texas, March 23 (Reuters) – Cryptocurrency bankruptcies and worries over electric power consumption have failed to dent the industry’s growth in Texas, according to a top trade group, citing the rise in the miners’ […]

U.S. Companies
Inflation

Inflation Has More U.S. Companies Ditching ‘Last-In, First-Out’ Accounting

U.S. companies from truck maker Oshkosh Corp. to consumer-goods conglomerate Newell Brands Inc. are moving away from “last-in, first-out” accounting, or LIFO, for their inventory, as inflation continues to pressure businesses’ earnings. Elevated inflation has weighed on companies’ earnings over […]