Consumer confidence is declining amid renewed recession fears, higher interest rates and persistent inflation.
Bank of England hikes interest rates by 25 basis points after inflation surprises
The Bank of England on Thursday hiked interest rates to their highest level since 2008 as it grapples with persistent high inflation.
Barbara Corcoran shares exactly what got her rich: ‘I try harder than the next guy and I work twice as hard’
Barbara Corcoran says she struggled in school as a child, but the experience helped her get rich as an adult. Here’s how.
Stocks making the biggest moves premarket: Coinbase, AMC, Chewy, First Republic and more
These are the stocks posting the largest moves in premarket trading.
European lawmakers are quietly miffed at U.S. regulators over SVB’s collapse
Regulators and officials across the European Union have been nervous about potential contagion to their own banking sector.
Swiss regulator says central bank loan to Credit Suisse justified AT1 bond writedown
Swiss regulator FINMA on Thursday defended its decision to instruct Credit Suisse to write down its AT1 bonds — a controversial part of the lender’s emergency sale to UBS.
Tencent’s online ad revenue grows for the first time in more than a year
Chinese tech giant Tencent reported Wednesday better-than-expected quarterly revenue, helped by growth in ads within its growing “video accounts” business.
Wells Fargo lists financial instability as biggest economic risk post-Fed decision
“The Fed is not really giving enough credence to the idea that tighter credit means things weaken in a fairly quick manner,” Wells Fargo’s Mike Schumacher says.
Stocks making the biggest moves after hours: Steelcase, Coinbase, KB Home and more
These are the stocks posting the largest moves in extended trading.
Markets saw a dovish Fed hike but Powell’s warning on credit conditions spooked investors
Fed Chairman Jerome Powell said financial conditions could be tighter than they seem, indicating to some market pros that rate hikes could be coming to an end.