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Financial News Around the World

A.I. could drive $7 trillion in global growth in 10 years, Goldman estimates. Here’s how to play it.

Goldman estimates the total addressable market for generative artifical intelligence is $150 billion.

Published 28 March 2023
Categorised as Finance News

Stocks making the biggest moves midday: Micron, Paramount, McCormick and more

Check out the companies making headlines in midday trading Tuesday.

Published 28 March 2023
Categorised as Finance News

BlackRock warns that investors are making a mistake by betting on the Fed to cut rates

The expectation for cuts would be consistent with a recession and an accompanying fall in inflation.

Published 28 March 2023
Categorised as Finance News

Stocks making the biggest moves before the bell: Alibaba, Lyft, Walgreens and more

Alibaba shares jumped after the e-commerce giant said it would split its company into six separate business groups.

Published 28 March 2023
Categorised as Finance News

‘Be very vigilant’: Bank of England chief says the market is testing banks to identify weakness

Bank of England Governor Andrew Bailey on Tuesday vowed to be “very vigilant” amid ongoing volatility.

Published 28 March 2023
Categorised as Finance News

This is not another banking crisis, analysts say — it’s ‘sentiment contagion’ instead

Friday’s plunge in Deutsche Bank’s share price — despite relatively strong capital and liquidity positions — left many market watchers confounded.

Published 28 March 2023
Categorised as Finance News

Private equity deals in Asia plunged 44% in 2022. More uncertainty may be ahead

China and India accounted for a drop of $35 billion in total deal value for large growth deals for the year, Bain & Co said in a Tuesday report.

Published 28 March 2023
Categorised as Finance News

FDIC coverage limits may be raised above $250,000 again. How experts say you can have more of your deposits insured

President Joe Biden said the FDIC may guarantee deposits above $250,000 again. Experts say it is possible to get more insurance on your deposits on your own.

Published 27 March 2023
Categorised as Finance News

The IRS has issued nearly 54 million tax refunds. Here’s the average payment

The IRS has issued nearly 54 million tax refunds worth about $158 billion, as of March 17. Here’s the average payment.

Published 27 March 2023
Categorised as Finance News

Fed’s Barr calls Silicon Valley Bank failure a ‘textbook case of mismanagement’

The Federal Reserve’s top banking regulator said Monday that the failure of Silicon Valley Bank was due largely to mismanagement.

Published 27 March 2023
Categorised as Finance News

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