Tag: New York

  • UBS is offering to buy Credit Suisse for up to $1 billion, the Financial Times reports

    A sale to UBS, which could be signed as early as tonight, values ​​Credit Suisse at about $7 billion less than its market value at Friday’s close. It comes after Credit Suisse shares recorded their worst weekly decline since the start of the coronavirus pandemic. This is despite an announcement that it would be able […]

  • 5 things you need to know before the stock market opens on Friday, March 17

    Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, March 16, 2023. Brendan McDermid | Reuters Here are the most important news items investors need to start their trading day: It looks like major stock averages may be moving ahead this week, on pace for a winning week […]

  • Asian markets, Silicon Valley Bank, crypto

    An hour ago SM Entertainment’s shares are down nearly 20% after Hybe dropped its takeover bid Shares of South Korean entertainment company SM Entertainment fell nearly 20% after rival Hybe announced it would withdraw its takeover offer this weekend. In a statement on Sunday, Hybe — the company behind K-pop sensation BTS — said it […]

  • Signature, SVB, Silvergate Failures: Effects on the Crypto Sector

    Silvergate and Signature were the top two banks for crypto companies, while Silicon Valley Bank had many crypto startups and VCs as clients. The failure of the crypto banking trifecta rippled into the stablecoin market this weekend. By Sunday evening, when the FBI stepped in to stop deposits at Signature and SVB, cryptocurrencies were accumulating […]

  • New York AG goes after the Ethereum blockchain

    New York State Attorney General Letitia James speaks at a news conference, Sept. 8, 2022. (Photo: David Dee Delgado/Getty Images) A lawsuit against a cryptocurrency exchange by the state of New York is much more like a referendum on the second largest blockchain in the world, Ethereum. Why it matters: Ether has a market cap […]

  • How Much You Need to Save to Earn $70,000 a Year in Retirement Interest

    While the thought of adequately funding your retirement may be daunting, if you start planning now, you’ll be thankful later. It may also not be as difficult as you think. Retirement usually involves replacing your one-time annual salary from a workplace with other sources of income to maintain your current lifestyle. While Social Security may […]

  • LIRR Schedules: Riders Unsatisfied With New Train Changes, MTA Trying To Reduce Crowds After Grand Central Madison Opens

    MIDDLE TOWN EAST, Manhattan (WABC) — The MTA’s changes to the LIRR are already underway, but some riders are still not satisfied. This comes in response to complaints after the MTA brought full service to Grand Central Madison. As of Monday, three more commuter trains were added to Brooklyn for morning commutes. Passengers can board […]

  • Ericsson to pay $206 million fine, plead guilty to bribery violations

    Ericsson recently announced it plans to cut 8,500 jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Swedish telecommunications giant Ericsson agreed to pay a $206 million fine and pleaded guilty to violating the anti-bribery provisions of the Foreign Corrupt Practices Act, or FCPA, US prosecutors announced Thursday evening. Ericsson had […]

  • GOP opposition has ties to Trump allies, wealthy donors

    At least half a dozen conservative groups target Wall Street asset managers, such as BlackRock, Vanguard and State Street, for their environmental, social and governance investment platforms. Some of the organizations sponsor, or attend events held by, an organization of state finance officers that has members who have moved assets formerly controlled by BlackRock. Cleta […]

  • The economy could be OK with inflation above 2%

    United States Federal Reserve Building, Washington DC Lance Nelson | The Image Bank | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. CNBC Daily Open brings investors up to speed with everything they need to know, wherever they are. Do you like what you see? You can […]