The Federal Reserve has only a “narrow” role regarding climate change risks – to make sure banks understand and manage the financial risks associated with warming temperatures, the central bank’s Read more
Tag: Investing
Coinbase to cut 950 jobs and book charges of up to $163 million
Coinbase Global Inc. stock COIN, +15.06% slid 2.8% in premarket trade Tuesday, after the crypto exchange said it’s cutting 950 jobs in a cost-cutting effort required given the current gyrations Read more
‘Markets are going to get rocked’ as Fed is likely to push rates higher, economist warns
The Federal Reserve is likely to raise interest rates more than the markets now expect, says Ricardo Reis, an economist at the London School of Economics. “Markets are going to Read more
Kevin McCarthy elected House speaker, narrowly prevailing in 15th round of voting
Top House Republican Kevin McCarthy succeeded early Saturday in his push to become his chamber’s next speaker, claiming the job after first falling short in well over a dozen rounds Read more
Dow gains 700 points as stocks log biggest advance in 5 weeks
U.S. stocks logged their biggest daily advance in more than 5 weeks on Friday as investors reacted to data showing the labor market and wage growth finally starting to cool. Read more
Dow drops 300 points as strong jobs data suggests more aggressive Fed rate hikes
U.S. stocks finished lower on Thursday, with the Dow dropping more than 300 points, as strong jobs data and hawkish Fed commentary signaled more aggressive Federal Reserve interest-rate hikes to Read more
Silvergate lost more than $700 million selling assets to cover withdrawals during crypto selloff
The collapse of crypto exchange FTX sparked a run on Sivergate Capital Corp., forcing the bank to sell assets at a steep loss to cover some $8.1 billion in withdrawals. Read more
What does the stock market’s rocky 2023 start mean for the rest of the year?
The first trading days of January loom large on Wall Street as being able to foretell the U.S. stock market’s direction for the full year. What does that mean for Read more
‘Recession is what everyone is betting on’: 2023’s first trading day begins
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching. A stocks rally fizzled out Read more
After a rough 2022, U.S. stock futures rise ahead of first trading week of 2023
U.S. stock-market futures sank Monday, ahead of the first trading day of 2023. Dow Jones Industrial Average futures YM00, -0.29% jumped more than 200 points out of the gate, but Read more