Economy

UBS shares reverse losses, Credit Suisse craters 55% after takeover deal

UBS shares staged a remarkable rally Monday afternoon, reversing steep losses after the bank’s 3 billion Swiss franc ($3.2 billion)…

Saudi National Bank loses over $1 billion on Credit Suisse investment

Saudi National Bank is nursing major losses in the wake of the forced takeover of Credit Suisse by UBS to…

Stocks making the biggest moves midday: First Republic, UBS, Virgin Orbit, Dell and more

Check out the companies making the biggest moves midday: First Republic — Shares tanked 47.11% after Standard & Poor’s cut…

Stocks making the biggest premarket moves: Tesla, First Republic, UBS, Foot Locker and more

Check out the companies making the biggest moves in premarket trading: Tesla — The electric vehicle maker rose 2% after…

Watch Treasury Secretary Janet Yellen speak live to banking conference

[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a…

UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%

U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The…

Here’s everything the Federal Reserve is expected to do Wednesday

(Follow our live coverage of the Fed rate decision today.) Update: The Federal Reserve on Wednesday enacted a quarter percentage point interest…

‘Blanket insurance’ of bank deposits is not being discussed, Yellen tells senators

WASHINGTON — Federal bank regulators are not considering any plans to insure all U.S. bank deposits without congressional approval, Treasury…

Stocks making the biggest moves midday: Nvidia, First Republic, Nike, GameStop and more

Check out the companies making headlines in midday trading. Nvidia — Nvidia shares gained 1%, building on their recent outperformance.…

Junk fees cost consumers tens of billions annually, according to the White House

Fees on concert tickets, airfares, hotels and other so-called junk fees cost Americans tens of billions of dollars every year,…