New York Community Bank’s $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank.
What the SEC vote on climate disclosures means for investors
The rule passed in a 3-2 vote but is watered down from the initial version proposed in March 2022.
New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion
The regional bank stock has been under pressure this year after disclosing potential losses in its loan book.
Stocks making the biggest moves midday: CrowdStrike, Palantir, Super Micro Computer, Brown-Forman and more
These are the stocks posting the largest moves in midday trading.
Watch Fed Chair Jerome Powell testify live on Capitol Hill before House panel
Federal Reserve Chairman Jerome Powell appears Wednesday before the House Financial Services Committee.
Russian oligarch’s yacht is costing U.S. taxpayers close to $1 million a month
The Justice Department is seeking permission to sell a 348-foot yacht called Amadea, which it seized in 2022, alleging it was owned by Suleiman Kerimov.
Private payrolls rose by 140,000 in February, less than expected, ADP reports
Private sector job growth improved during February as the U.S. labor market showed strength across a variety of sectors.
Powell reinforces position that the Fed is not ready to start cutting interest rates
Powell said policymakers remain attentive to the risks that inflation poses and don’t want to ease up too quickly.
Egypt hikes interest rates by 600 basis points, pound crumbles to record low
Egypt’s pound hit a record low against the dollar on Wednesday after its central bank hiked interest rates by 600 points and devalued the currency.
Self-made millionaire Vivian Tu went from ‘scrimping and saving’ to creating wealth with this mindset shift
Building wealth can be more difficult for women facing challenges such as lower wages. Here’s how self-made millionaire Vivian Tu created wealth.