In this article KRE SIVB Follow your favorite stocksCREATE FREE ACCOUNT Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled for a second day Friday and weighed on the entire banking sector again on concern that more banks would incur heavy losses on their bond portfolios. SVB’s CEO Greg Becker held a call
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Jamie Fiore Higgins interviewed on TV on Wednesday, August 31, 2022. Her book, Bully Market, exposed shocking behavior by some Goldman Sachs employees. Nbc | Nbcuniversal | Getty Images Jamie Fiore Higgins didn’t leave her job at Goldman Sachs planning to reveal the most personal, demeaning and, at times, outright scary moments from her 18
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, March 7, 2023. Kevin Lamarque | Reuters The U.S. Federal Reserve cannot disrupt its cycle of interest rate increases until the nation enters
A trader works as a screen displays the trading information for BlackRock on the floor of the New York Stock Exchange (NYSE) in New York City, October 14, 2022. Brendan McDermid | Reuters LONDON — European corporate earnings were surprisingly resilient in the fourth quarter of 2022, and the continent’s stock outperformance of the U.S.
BEIJING — China’s leaders struck a cautious tone about the outlook for the country’s economic rebound, after ending most Covid restrictions on business activity late last year. Beijing announced Sunday a target of “around 5%” growth in gross domestic product for 2023, with only a modest increase in fiscal support. “The government’s conservative growth target
In this article TBIL UTEN UTWO Follow your favorite stocksCREATE FREE ACCOUNT As short maturity Treasury bond ETFs see big inflows, more investors are taking on single-bond strategies as a solution to macroeconomic challenges. Buying Treasury bonds typically involves opening an account on TreasuryDirect or through brokerage firms like Charles Schwab. But Dave Nadig, financial
Ken Griffin, the founder and CEO of Citadel, in 2014. E. Jason Wambsgans | Tribune News Service | Getty Images Billionaire investor Ken Griffin’s flagship hedge fund matched the broader market’s performance in the beginning of 2023 following a record year, according to a person familiar with the returns. Citadel’s multi-strategy flagship Wellington fund gained
Pictured here is a Foxconn factory in Zhengzhou city on Sept. 4, 2021. Vcg | Visual China Group | Getty Images BEIJING — China is pulling out all the stops to keep multinationals like Apple and its supplier Foxconn in the country. Such efforts to attract foreign investment come as the pandemic and geopolitical tensions
In this article PLUG SPLK CELH BOX PSTG AEO OKTA SNOW CRM Follow your favorite stocksCREATE FREE ACCOUNT Pedestrians near Salesforce Tower in San Francisco, California, on Wednesday, Jan. 25, 2023. Marlena Sloss | Bloomberg | Getty Images Check out the companies making headlines after the bell: Salesforce — Salesforce shares popped more than 16%
Nikolay Storonsky, founder and CEO of Revolut. Harry Murphy | Sportsfile for Web Summit via Getty Images Financial technology giant Revolut reported its first-ever annual profit in 2021, according to financial accounts released Wednesday, as subscriptions to its paid packages and overall usage of its app grew sharply. The company reported revenues of £636.2 million
The logo of Credit Suisse Group in Davos, Switzerland, on Monday, Jan. 16, 2023. Bloomberg | Bloomberg | Getty Images Credit Suisse “seriously breached its supervisory obligations” in the context of its business relationship with financier Lex Greensill and his companies, Swiss regulator FINMA concluded Tuesday. The embattled Swiss lender’s exposure to the London-based Greensill
China Renaissance said this month it was unable to contact its founder and CEO Bao Fan. This picture is from 2016. Bloomberg | Bloomberg | Getty Images BEIJING — Missing Chinese investment banker Bao Fan is cooperating with a government investigation, his firm China Renaissance said in a filing Sunday. The company’s Hong Kong-listed shares