Finance
Nearly $100 billion in deposits pulled from banks; officials call system 'sound and resilient'
March 25 2023
Regulators again assured the public that the system is safe, as data showed customers pulled nearly $100 billion in deposits.
Key lawmakers say upcoming hearings on bank failures aim to boost U.S. confidence in banking sector
March 25 2023
Lawmakers responsible for federal oversight say upcoming hearings on the failures of Silicon Valley Bank and Signature Bank will bolster confidence in banks.
Here are a financial advisor's 4 most important money tips for parents with young kids
March 25 2023
There are a few ways expectant parents and those who already have young children can set their family up for financial success.
Stocks making the biggest moves midday: Block, Deutsche Bank, GameStop, Activision and more
March 25 2023
These are the stocks posting the largest moves in midday trading.
Deutsche Bank is not the next Credit Suisse, analysts say as panic spreads
March 24 2023
Central banks and regulators had hoped that the Credit Suisse rescue deal would help calm investor jitters about the stability of Europe's banks.
BofA's Hartnett sees commercial real estate as the 'next shoe to drop'
March 24 2023
Spreads for commercial mortgage-backed securities are at their widest compared with Treasurys since May 2020.
Stocks making the biggest moves premarket: Deutsche Bank, Coinbase, Block, Marathon Oil and more
March 24 2023
These are the stocks posting the largest moves in early morning trading.
Deutsche Bank shares slide after sudden spike in the cost of insuring against its default
March 24 2023
Deutsche Bank shares fell on Friday after a spike in credit default swaps on Thursday night, as concerns about the stability of Europe's banks persisted.
TikTok wants to distance itself from China — but Beijing is getting involved
March 24 2023
China said that it would "strongly oppose" a forced sale of TikTok from its parent ByteDance, as the app faced intense scrutiny and a potential ban in U.S.
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
March 24 2023
Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing Credit Suisse to the brink.
Crypto is banned in China, but Binance employees and volunteers tell people how to bypass the ban
March 24 2023
The techniques have evolved to sidestep Binance's highly publicized know-your-customer controls, and focus on obscuring a user's country of origin.
Banks ramp up use of new Fed facility created during crisis
March 24 2023
Banks are sitting on unrealized losses thanks to rising interest rates. That helped lead to the implosion of Silicon Valley Bank this month.
Ex-Morgan Stanley advisor charged with defrauding NBA players out of millions
March 24 2023
Darryl Cohen is facing three different counts of fraud, which could amount to 20 years in prison.
Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more
March 24 2023
Names on the move ahead of the open.
Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
March 23 2023
These are the stocks posting the largest moves in premarket trading.
Bank of England hikes interest rates by 25 basis points after inflation surprises
March 23 2023
The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
European lawmakers are quietly miffed at U.S. regulators over SVB's collapse
March 23 2023
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
Swiss regulator defends controversial $17 billion writedown of Credit Suisse bonds
March 23 2023
Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender's emergency sale to UBS.
Tencent's online ad revenue grows for the first time in more than a year
March 23 2023
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing "video accounts" business.
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
March 23 2023
"The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner," Wells Fargo's Mike Schumacher says.
Stocks making the biggest moves after hours: Steelcase, Coinbase, KB Home and more
March 23 2023
These are the stocks posting the largest moves in extended trading.
Markets saw a dovish Fed hike but Powell's warning on credit conditions spooked investors
March 23 2023
Fed Chairman Jerome Powell said financial conditions could be tighter than they seem, indicating to some market pros that rate hikes could be coming to an end.
Regional bank shares fall as Fed persists with rate hikes despite industry turmoil
March 23 2023
Regional bank stocks have been closely followed in recent days amid concerns over the broader sector.
The Fed forecasts just one more rate hike this year
March 23 2023
The Fed will hike interest rates just one more time in 2023 before the central bank ends its battle against inflation, according to its median forecast.
Here's what changed in the new Fed statement
March 23 2023
This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting on Feb. 1.
Fed hikes rates by a quarter percentage point, indicates increases are near an end
March 23 2023
The Federal Reserve on Wednesday released its decision on interest rates following a two-day meeting.
The IRS plans to tax some NFTs as collectibles — and the rich would pay up to 28% on profits
March 23 2023
The IRS intends to tax some non-fungible tokens as collectibles, it said in a notice Monday. Profits carry a higher top tax rate than stocks and crypto.
Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more
March 22 2023
These are the stocks posting the largest moves in midday trading.
XRP cryptocurrency jumps as investors hope Ripple will win legal battle with the SEC
March 22 2023
XRP, a cryptocurrency closely associated with Ripple, surged over 11% on Wednesday as investors grew hopeful the firm would win its legal battle with the SEC.
JPMorgan Chase buys data platform for startups in push to serve venture capital investors
March 22 2023
The deal is the latest in a string of fintech acquisitions made under CEO Jamie Dimon. Since 2020, JPMorgan has acquired a half-dozen startups.