The prolonged period of loose monetary policy after the global financial crisis equated to central banks “nationalizing bond markets,” according to HSBC Senior Economic Adviser Stephen King.
China’s banking troubles are not the same as Silicon Valley Bank, economist says
China’s small banks’ problems reflect local issues, but do not pose systemic risks, said Zhu Min of the China Center for International Economic Exchanges.
Bank of America’s Andy Sieg is joining Citi as head of global wealth
Sieg was previously president of Merrill Lynch Wealth Management.
Stocks making the biggest moves midday: Bed Bath & Beyond, EVgo, UBS and more
These are the stocks posting the largest moves in midday trading.
Jobless claims edge up to 198,000, higher than expected
Jobless claims rose 7,000 from the previous period and were a bit higher than the 195,000 estimate.
Stocks making the biggest premarket moves: RH, Charles Schwab, Walmart and more
These are the stocks posting the largest moves in the premarket.
China’s Premier Li Qiang seeks to rally Asia behind Beijing
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Singapore’s banking authority says DBS outage was ‘unacceptable’
Shares of Southeast Asia’s largest bank DBS Group were down 1.4% on Thursday, a day after a 10-hour outage of its digital services.
This ominous trend spells a hard landing for economy
The recent bank failures reinforce a recession is imminent and there’s a new chart reflecting it, according to the Economic Cycle Research Institute.
4 red flags for an IRS tax audit — including what one tax pro calls a ‘dead giveaway’
While the odds of an IRS audit are usually slim, certain items on your tax return may trigger a red flag at the federal agency, according to tax experts.