New data from the Internal Revenue Service shows the Covid-19 pandemic doubled the flight of the wealthy out of New York and California in 2021. CNBC’s Robert Frank joins ‘Squawk Box’ to report on the great income migration.
Category: Finance News
‘Other problems might be lurking’: Strategist is unconvinced by Jamie Dimon’s bank crisis comments
JPMorgan Chase CEO Jamie Dimon’s assertion that turmoil in the banking sector was effectively ended by the resolution of First Republic may be premature, one analyst has suggested.
Singapore’s largest lender expects net interest margins will decline, but sees other growth drivers
With limited upside from these levels, CEO Piyush Gupta said he expects the pace of decline will be very gradual and not “falling off a cliff.”
Stocks making the biggest moves after hours: Arista Networks, MGM Resorts, Stryker and more
These are the stocks posting the largest moves in extended trading.
JPMorgan shares pop after the bank takes over the embattled First Republic. Here’s what the experts have to say
Pros on CNBC discuss JPMorgan Chase after it acquires First Republic Bank.
Bitcoin pulls back to start May as First Republic Bank saga comes to an end
Crypto fell to start May as investors bet the takeover of First Republic Bank could put an end to the financial crisis.
Series I bonds still ‘attractive for longer-term investors’ as annual rate falls to 4.3%, expert says
Series I bonds will pay 4.3% annual interest through October, the U.S. Department of the Treasury announced Friday. Here’s how it compares to other investments.
Mastering this skill is the ‘hardest part’ of personal finance, advisors say
Being a “master of cash flow” is an important foundational step households should consider addressing before they invest.
Stocks making the biggest moves midday: JPMorgan Chase, General Motors, Exxon Mobil & more
These are the stocks posting the largest moves in midday trading.
The First Republic deal has come at a crucial point for the markets and economy
With financial services covering such a wide swath of activities in the $26.5 trillion U.S. economy, the bank failures will reverberate.