Economy

Biden’s approval slips to 38%, near the lowest of his presidency, new poll says

President Joe Biden’s approval rating dipped in a new poll released Thursday, approaching an all-time low for that survey as…

Yellen says Treasury is ready to take ‘additional actions if warranted’ to stabilize banks

WASHINGTON — Treasury Secretary Janet Yellen said Thursday that the federal emergency actions to back up Silicon Valley Bank and…

Stocks making the biggest moves midday: Netflix, Block, Snap, KB Home and more

Check out the companies making the biggest moves midday: Netflix — The streaming giant’s stock climbed 9.01% following a report…

Bank of England hikes interest rates by 25 basis points after inflation surprises

LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points as it grapples with persistent…

Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more

Check out the companies making headlines in premarket trading. Coinbase — Shares of the cryptocurrency trading app dropped more than…

Wells Fargo lists financial instability as biggest economic risk post-Fed decision

A major Wall Street firm is ranking financial instability over inflation as the biggest economic risk for the next three…

Fed hikes rates by a quarter percentage point, indicates increases are near an end

WASHINGTON — The Federal Reserve on Wednesday enacted a quarter percentage point interest rate increase, expressing caution about the recent…

Here’s what changed in the new Fed statement

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. The…

Fail or sale? What could be next for stricken Credit Suisse

Credit Suisse may have received a liquidity lifeline from the Swiss National Bank, but analysts are still assessing the embattled…

‘Be mindful of your risk’: Money manager tackles Silicon Valley Bank fallout on ETFs

There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors…