The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Following Credit Suisse‘s “emergency rescue” by rival UBS, Swiss authorities placed a heavy emphasis on the role of U.S. regional…
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…
Watch live: TikTok CEO testifies before House committee as potential U.S. ban looms
(The stream is slated to start at 10:00 a.m. ET. Please refresh the page if you do not see a…
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…
Swiss regulator defends controversial $17 billion writedown of Credit Suisse bonds
Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a…
Tencent’s online ad revenue grows for the first time in more than a year
BEIJING — Chinese tech giant Tencent reported better-than-expected quarterly revenue on Wednesday, helped by growth in ads within its growing…
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…
Regional bank shares fall as Fed persists with rate hikes despite industry turmoil
Regional bank stocks spiraled lower Wednesday as investors weighed the Federal Reserve’s latest interest rate hike and commentary about the…
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…
