-
March 29, 2023 06:07 AM IST Michael Barr, the Federal Reserve's top banking regulator, told a Senate panel that Silicon Valley Bank did a "terrible" job of managing risk before its collapse.
-
March 28, 2023 06:04 AM IST The S&P 500 banks index (.SPXBK) rose 3.1%, while the KBW regional banking index (.KRX) ended up 0.6%.
- March 27, 2023 11:37 AM IST
The report also highlighted that the global economic recovery has been uneven, with some countries and sectors recovering faster than others. This uneven recovery has led to growing economic imbalances and vulnerabilities, which could increase the risks of financial instability.
- March 26, 2023 11:06 PM IST
The percentage of companies which see the “uncertainty of bilateral relations” as their leading challenge in China has risen to 66 percent. At the same time, the number of companies which think that China has become less welcoming to foreign companies has grown to 49 percent, the survey found.
- March 26, 2023 01:01 PM IST
While the recent withdrawals from banks in the United States may have caused concern, experts agree that they do not indicate a larger problem in the banking system
- March 26, 2023 08:06 AM IST
Deutsche Bank's woes come in the context of investors searching for vulnerable institutions after the collapse of Silicon Valley Bank earlier this month
- March 25, 2023 08:34 AM IST
The Dow Jones Industrial Average rose 132.28 points, or 0.41%, to 32,237.53, the S&P 500 gained 22.27 points, or 0.56%, to 3,970.99 and the Nasdaq Composite added 36.56 points, or 0.31%, to 11,823.96.
- March 24, 2023 02:35 PM IST
Respondents cited US shadow banking, US corporate debt, or real estate in developed markets as the most likely causes of any crash.
- March 24, 2023 12:08 PM IST
The SEC's warning is a reminder that investing in cryptocurrencies is a high-risk venture, and investors should exercise caution when considering investing in these assets.
- March 24, 2023 06:04 AM IST
All three major U.S. stock indexes reversed an earlier rally, turning red before clawing their way back to positive territory in the final hour as Yellen resumed her congressional testimony.
- March 23, 2023 06:38 AM IST
The three major U.S. stock indexes, which were mostly directionless prior to the Fed announcement, jumped higher then deflated as investors digested the accompanying statement and Chair Jerome Powell's subsequent Q&A session.
- March 22, 2023 06:17 AM IST
All three major U.S. stock indexes were bright green as the session closed, with energy (.SPNY) consumer discretionary (.SPLRCD) and financials (.SPSY) enjoying the most sizable gains.
- March 21, 2023 06:14 AM IST
UBS, late on Sunday agreed to buy rival Credit Suisse (CSGN.S), for $3.23 billion, in a merger engineered by Swiss authorities to avoid more turmoil in the banking group.
- March 18, 2023 08:55 AM IST
The Dow Jones Industrial Average fell 384.57 points, or 1.19%, to 31,861.98, the S&P 500 lost 43.64 points, or 1.10%, to 3,916.64 and the Nasdaq Composite dropped 86.76 points, or 0.74%, to 11,630.51.
- March 17, 2023 06:15 AM IST
The technology sector (.SPLRCT) also contributed to the gains, helping to boost the Nasdaq Composite to its strongest performance since Feb. 2, 2022.
- March 16, 2023 05:53 AM IST
Benchmark indexes regained some ground in late trade after Bloomberg reported the Swiss government was holding talks on options to stabilize the country's banking giant. The Nasdaq composite closed with slight gains.
- March 15, 2023 06:04 AM IST
All three major U.S. stock indexes closed sharply higher, with the S&P 500 and the Dow gaining more than 1% and the tech-heavy Nasdaq surging more than 2%, after several sessions of risk-off turmoil driven by the fallout surrounding the implosion of Silicon Valley Bank and Signature Bank.
- March 11, 2023 09:15 AM IST
The Dow Jones Industrial Average fell 345.22 points, or 1.07%, to 31,909.64, the S&P 500 lost 56.73 points, or 1.45%, to 3,861.59 and the Nasdaq Composite dropped 199.47 points, or 1.76%, to 11,138.89.
- March 09, 2023 06:16 AM IST
The major U.S. stock indexes oscillated between modest gains and losses throughout the day, with the Nasdaq joining the S&P 500 in positive territory at the closing bell and the Dow posting a modest loss.
- March 08, 2023 05:49 AM IST
Of Wall Street's three major indexes, the Dow Jones Industrial Average (.DJI) lost most ground with a 1.7% decline, while the S&P 500 (.SPX) fell 1.5% and the Nasdaq Composite (.IXIC) lost almost 1.3%.
- March 06, 2023 11:07 AM IST
It all begins Tuesday, when Federal Reserve Chair Jerome Powell delivers his two-day biannual monetary policy testimony on Capitol Hill. With the S&P 500 Index coming off its best week in a month, investors will be searching for any hint on the central bank’s interest-rate hiking path.
- March 04, 2023 09:05 AM IST
The Dow Jones Industrial Average rose 387.4 points, or 1.17%, to 33,390.97, the S&P 500 gained 64.29 points, or 1.61%, to 4,045.64 and the Nasdaq Composite added 226.02 points, or 1.97%, to 11,689.01.
- March 03, 2023 06:23 AM IST
U.S. jobless claims numbers fell, while Atlanta Fed President Raphael Bostic said that he favored "slow and steady" quarter-point U.S. rate increases to limit risk to the economy.
- March 02, 2023 06:19 AM IST
The yield on 10-year notes topped 4% for the first time since November, reaching a high of 4.01%, after the Institute for Supply Management's (ISM) survey showed U.S. manufacturing contracted in February and prices for raw materials increased last month.
- March 01, 2023 06:34 AM IST
From stocks to fixed income and commodities, just about everything fell in a reversal of January’s spirited rally. Shelter was hard to come by: the least-bad return among major US assets was a decline of 1.4% through Monday from high-yield bonds.
