business news

Philippines’ Marcos to forge stronger relationship with U.S. during visit

Philippine President Ferdinand Marcos Jr. said his meeting with U.S. President Joe Biden on Monday was essential in advancing his…

Big banks including JPMorgan Chase, Bank of America asked for final bids on First Republic

U.S. regulators have asked banks for their best and final takeover offers for First Republic by Sunday afternoon, in a…

Major Wall Street firm sees a breakout in luxury stocks — and lists three reasons why ETFs are a great way to play it

As luxury stocks make waves overseas, State Street Global Advisors believes investors should consider European ETFs if they want to…

31% of new crypto buyers influenced by friends. Here’s why that can be ‘a horrible idea,’ advisor says

When it comes to cryptocurrency like bitcoin, new investors are often motivated by friends to take the plunge, according to…

Actively managed funds come with unique risks and rewards. Here’s how investors can pick a winner

As investors navigate another uncertain year in markets, actively managed funds could add differentiated performance to their portfolios – if…

Stocks making the biggest moves midday: First Republic, Snap, Amazon, Intel and more

Check out the companies making headlines in midday trading. First Republic — Shares of the regional bank fell by 43.3%…

Schumer demands Texas end judge cherry-picking after ‘flawed’ abortion pill decision

Senate Majority Leader Chuck Schumer, D-N.Y., urged a top U.S. judge in Texas to reform his district’s case-assignment rules that he…

Fed report on SVB collapse faults bank’s managers — and central bank regulators

Silicon Valley Bank’s dramatic failure in early March was the product of mismanagement and supervisory missteps, compounded by a dose…

Stocks making the biggest moves premarket: Snap, Intel, First Solar, Exxon Mobil & more

Check out the companies making headlines in premarket trading. Capital One — Shares were down 3.3% after disappointing quarterly earnings.…

Key inflation gauge for the Fed rose 0.3% in March as expected

Despite a year’s worth of interest rate increases, inflation rose again in March, according to economic data released Friday that…