Bank of Canada unveils new $20 bill with King Charles portrait

Minutes Item 1: Welcome and Apologies Andrea Rosen (Chair, Bank of England) welcomed James Ellery (Goldman Sachs) and Oliver McCausland (FCA) to the Committee.Ms Rosen also welcomed Alina Ishmuratova (JPMorgan), Paul Robson (NatWest Markets) and Vasileios Gkionakis (Aviva Investors) as guest presenters; and Mark Wyatt (Barclays) as an observer.Ms Rosen announced that Alan Barnes (FCA),…

There’s usually value to be found within the automotive industry. When comparing arguably the three closest rivals out of all legacy automakers, Ford Motor Company (F -0.65%), General Motors (GM -0.21%), and Stellantis (STLA -4.11%), you will quickly notice which one Wall Street is applauding, which one it’s ignoring, and which one it doesn’t want…

Federal Reserve Gov. Michael Barr.Bloomberg News Processing Content Key insight: One week after the Federal Open Market Committee raised interest rates for the first time in three years, a member of the committee is making the case for further hikes. Expert quote: “In my view, given changes to the economy, we were out of position,…

Munis rallied Wednesday, as U.S. Treasuries cheapened and equities ended mixed. Processing Content Muni yields richened by six to 18 basis points, with the biggest gains at the front and belly of the curve. Muni-to-UST ratios fell by two to three percentage points across the curve. UST yields cheapened by two to seven basis points,…

Royal Caribbean plans to take a 50% stake in Sandals, a move that gives the cruise line access to wealthier customers.

TAIPEI — A helicopter hot-refueling drill in Taiwan’s landmark military exercise shows how the island is preparing for drone threats when its choppers fly in and out of vulnerable forward positions, a danger repeatedly demonstrated in Ukraine. Counter-drone ground teams, crouching amid the grass and on a nearby road, watched the skies on the seventh…