Big banks are bidding for troubled First Republic as FDIC deadline looms
CNN By Chris Isidore and Matt Egan, CNN Federal regulators are holding an auction for ailing regional bank First Republic, a person familiar with the…
Continue ReadingMoney
Bank failures conjure up the dreaded ‘b-word’: Bailout
CNN By Nathaniel Meyersohn, CNN “Bailout” became a curse word in American politics following the 2008 global financial crisis, fueling…
Continue ReadingBank failures conjure up the dreaded ‘b-word’: Bailout
By Nathaniel Meyersohn, CNN “Bailout” became a curse word in American politics following the 2008 global financial crisis, fueling…
Continue ReadingWhy banking fears just came roaring back
By Allison Morrow, CNN Credit Suisse, the giant, 167-year-old European bank, was teetering on the brink of failure Wednesday, stoking anxieties about…
Continue ReadingKey inflation measure shows wholesale prices fell last month
By Alicia Wallace, CNN A key measure of inflation fell dramatically in February, according to the latest Producer Price Index, which tracks what…
Continue ReadingAmericans pulled back on their spending in February, after a strong January
By Alicia Wallace, CNN Americans pulled back on their spending last month after a surprisingly spendy January. US retail sales fell 0.4% in February…
Continue ReadingAmericans pulled back on their spending in February, after a strong January
CNN By Alicia Wallace, CNN Americans pulled back on their spending last month after a surprisingly spendy January. US retail sales fell 0.4% in…
Continue Reading‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
CNN By Oliver Darcy, CNN “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like…
Continue ReadingThe forgotten rescue plan that could prevent another SVB-like collapse
By Nicole Goodkind, CNN After Silicon Valley Bank and Signature Bank failed, the US government stepped in with an extraordinary measure to rescue…
Continue ReadingUK extends household energy subsidies for another three months
By Anna Cooban and Olesya Dmitracova, CNN The UK government will cap energy costs for millions of households for another three months following…
Continue ReadingUK tries to juice its economy once again as banking storm clouds gather
By Hanna Ziady, CNN UK financial markets were spooked again Wednesday — although, unlike last fall, the turmoil was unrelated to a new government…
Continue Reading
Credit Suisse borrows more than $50 billion from Swiss National Bank after shares crash 30%
By Mark Thompson and Anna Cooban, CNN Hours after the Swiss central bank said it was ready to provide financial support to Credit Suisse, the…
Continue ReadingCan the Fed help fend off a banking crisis while also cooling the economy?
By Alicia Wallace, CNN Last week, the Federal Reserve’s biggest concern was a stubbornly high inflation rate and how much to crank up monetary…
Continue ReadingHi-res art scans from famous Taiwan museum leak online… and turn up for sale on Chinese online shopping platform
By Chris Lau, CNN A Taiwanese museum that houses some of the world’s most precious Chinese artworks has confirmed that up to 100,000…
Continue ReadingChina’s economic recovery is on track. But youth unemployment is getting worse
CNN By Laura He, CNN China’s economic recovery appears to be on track as it gradually emerges from three years of its strict zero-Covid policy.…
Continue ReadingChina’s economic recovery is on track. But youth unemployment is getting worse
By Laura He, CNN China’s economic recovery appears to be on track as it gradually emerges from three years of its strict zero-Covid policy. But…
Continue Reading‘The next AOL?’: Meta’s massive layoffs raise questions about Zuckerberg’s strategy as company morale sinks
By Oliver Darcy, CNN “A challenging period.” That’s how Mark Zuckerberg described in a memo what the near future will be like for…
Continue Reading‘Harry Potter’ tour heads to Tokyo as Warner Bros courts more Asia fans
CNN By Michelle Toh, Marc Stewart and Emiko Jozuka, CNN Hogwarts is coming to Tokyo, as Warner Bros. pushes to expand one of the most successful…
Continue Reading‘Harry Potter’ tour heads to Tokyo as Warner Bros courts more Asia fans
By Michelle Toh, Marc Stewart and Emiko Jozuka, CNN Hogwarts is coming to Tokyo, as Warner Bros. pushes to expand one of the most successful…
Continue ReadingDo you have questions about the Silicon Valley Bank collapse?
CNN examines how the second-largest bank failure in US history could impact other financial institutions and their customers across the US. Watch…
Continue Reading