Years after a debt crisis in the region and a government rescue for Banca Monte dei Paschi, analysts are looking at Italy’s banking sector with fresh eyes.
Banks face tough new security standards in the EU — their tech suppliers are under scrutiny, too
By January 2025, banks and their tech suppliers will have to comply with a new EU law known as DORA. It could help prevent major IT disruptions in future.
Jamie Dimon says he still sees a recession on the horizon
Dimon, leader of the biggest U.S. bank by assets and one of the most respected voices on Wall Street, has warned of an economic “hurricane” since 2022.
Stocks making the biggest moves midday: Fortinet, Shopify, Lyft and more
These are the stocks posting the largest moves in midday trading.
Warren Buffett now owns more T-bills than the Federal Reserve
The Omaha-based conglomerate held $234.6 billion in short-term investments in Treasury bills by the end of the second quarter.
A ‘soft landing’ is still on the table, economists say
Recession risks have risen but the U.S. is likely to skirt a downturn if the Federal Reserve soon cuts interest rates, economists said.
No sign of U.S. recession in freight demand, CEO of shipping giant Maersk says
U.S. inventories “are not at a level that is worrisome or that seems to indicate a significant slowdown right in the offing.”
Stocks making the biggest moves premarket: Disney, Airbnb, Rivian, Amgen and more
These are the stocks posting the largest moves in premarket trading.
Sahm rule creator doesn’t think that the Fed needs an emergency rate cut
She said, however, there is a good case for a 50-basis-point cut, adding that the Fed needs to “back off” its restrictive monetary policy.
Consumer giants from Starbucks to General Mills have one big sales problem: China
A theme emerging in the latest slew of U.S. companies’ earnings reports is a drag from the China market.