Finance

What is shadow banking? Unpacking the risks for China

BEIJING — China’s real estate problems have again drawn attention to the world of shadow banking and the risks it…

Stocks making the biggest moves midday: Citigroup, Adobe, Corteva and more

Check out the companies making headlines in midday trading. Redwire — The space infrastructure stock soared 5.6% Wednesday after Roth…

Bank stocks have come to life recently. But Jim Cramer explains why the rally may not last

KeyCorp (KEY) reiterated its financials Tuesday, sending its shares higher — a rally that’s been seen in the wider financial…

Citigroup CEO Jane Fraser reorganizes businesses, cuts jobs as bank is mired in stock slump

Citigroup CEO Jane Fraser announced a corporate reorganization Wednesday, saying the move would cut down management layers and accelerate decisions.…

Stocks making the biggest moves premarket: Moderna, American, Spirit Airlines, Ford and more

Check out the companies making headlines before the bell. Moderna — Moderna shares rose more than 3% in early trading after…

Goldman Sachs is in the spotlight as tech firms Arm and Instacart test IPO market

The return of large tech IPOs this week after a prolonged drought isn’t just a test of investors’ appetite for…

Early Revolut backer Lakestar leads $40 million investment in French fintech startup Swan

European venture capital giant Lakestar, an early supporter of fintech unicorn Revolut, has emerged as a prominent backer of French…

Stocks making the biggest moves midday: Oracle, WestRock, Apple, Advance Auto Parts and more

Check out the companies making headlines in midday trading. Oracle — Shares dipped 13.5% a day after the software company posted…