‘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…
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)…
Bitcoin briefly tops $28,000 for the first time in 9 months after bank crisis sparks weekend rally
Bitcoin climbed past the $28,000 level over the weekend as investors rediscover its appeal as an alternative banking system. On…
Credit Suisse bondholders prepare lawsuit after contentious $17 billion writedown
A number of Credit Suisse bondholders said Tuesday that they were considering legal action after $17 billion of the bank’s…
JPMorgan Chase buys data platform for startups in push to serve venture capital investors
JPMorgan Chase is acquiring a data analytics provider for startup investors called Aumni, CNBC is first to report. The biggest…
Here’s where the jobs are for January 2023 — in one chart
The U.S. economy added far more jobs than expected in January, boosted by a jump in leisure and hospitality employment.…
Russia’s budget deficit has surged. But economists say Moscow won’t drain its war chest any time soon
The coming months will be critical in figuring out how Russia’s economy is holding up in the face of a…
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
LONDON — The U.K. has thus far avoided a widely anticipated recession, and the signs from the business world are…
How China’s shifting growth picture could hit global markets
China’s economy will be forced to recalibrate because of a “fractured” global order, and the new drivers of growth will…
UK government announces spending, tax plans as strike action disrupts schools and travel
U.K. Finance Minister Jeremy Hunt delivered the government’s Spring Budget on Wednesday. In a wide-ranging speech, Hunt said that the…
