Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test
All 23 of the U.S. banks included in the Federal Reserve’s annual stress test weathered a severe recession scenario while…
ECB chief economist warns markets against pricing in rate cuts within the next two years
European Central Bank Chief Economist Philip Lane on Tuesday warned markets against pricing in cuts to interest rates within the…
Wise shares spike 16% as higher interest rates help fintech triple profits
Online money transfer firm Wise’s shares soared 16% Tuesday as the company reported a spike in profits thanks to rising…
A U.S. recession is coming this year, HSBC Asset Management warns — with Europe to follow in 2024
The U.S. will enter a downturn in the fourth quarter, followed by a “year of contraction and a European recession…
Bitcoin is up 12% this month — even though barely anybody is trading it
Bitcoin has rallied sharply this month — but not for reasons you might think. The world’s largest digital currency has…
Bricks over bytes: New hard asset ETF places big bet on real estate
A new ETF is making a big bet on real estate and other hard assets. CBRE’s Investment Management launched the…
