High interest rates and rising losses on commercial real estate threaten hundreds of U.S. banks, mostly smaller regional lenders and community institutions.
Category: Finance News
‘Glitch’ at Ethiopia’s biggest bank sees customers withdraw millions that isn’t theirs
Ethiopia’s largest bank is struggling to recoup funds after a glitch over the weekend allowed customers to withdraw millions of dollars, according to local media reports.
An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others
Short-selling is a controversial practice, since it involves making money from the decline of somebody else’s asset value.
Time is running out for interest rate cuts, market forecaster Jim Bianco warns before Fed meeting
“I’m in the camp that the Fed does not change policy in the summer of an election year,” the Bianco Research president told CNBC’s “Fast Money” on Monday.
This is the easiest way for newbies to start investing, financial experts say
Target-date funds are the best option for novice investors looking for a simple, hands-off approach, according to financial experts.
Stocks making the biggest moves midday: Nvidia, Apple, Alphabet, PepsiCo and more
These are the stocks posting the largest moves in midday trading.
Stocks making the biggest moves premarket: Google, HashiCorp, Nvidia and more
These are the stocks posting the largest moves in premarket trading.
China kicks off the year on strong note as retail, industrial data tops expectations
China on Monday reported economic data for the first two months of the year that beat analysts’ expectations.
TikTok debate reveals the risks for investing in China during U.S. election year
The debate over whether a Chinese-owned TikTok can operate in the U.S. is back, revealing more about the risk for Chinese stocks in a U.S. election year.
Talk of recession is dying down in corporate America
In the latest quarter’s results, the word ‘recession’ came up in the fewest S&P 500 earnings calls since 2021.