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…
The Fed forecasts just one more rate hike this year
The Federal Reserve will hike interest rates just one more time in 2023 before the central bank ends its inflation…
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…
UBS offers to buy Credit Suisse for ‘substantially’ more than $1 billion, sources say
Swiss banking giant UBS on Sunday has entered talks to buy its embattled rival Credit Suisse for “substantially” more than…
UBS buys Credit Suisse for $3.2 billion as regulators look to shore up the global banking system
UBS agreed to buy its embattled rival Credit Suisse for 3 billion Swiss francs ($3.2 billion) Sunday, with Swiss regulators…
