Tag: United States

  • Stricter rules for banks after SVB collapse?

    Senator Tim Scott, RS.C., right, greets Michael Barr, off-camera, Vice Chairman for Oversight of the Board of Governors of the Federal Reserve System, at the Dirksen Building on Tuesday, March 28, 2023. Tom Williams | Cq-roll Call, Inc. | Getty Images This report comes from today’s CNBC Daily Open, our new newsletter for international markets. […]

  • Hong Kong shares rise 2% as Alibaba lifts tech stocks; Asian markets tend to rise

    3 hours ago Alibaba’s overhaul could be followed by tech peers: KraneShares According to KraneShares CIO Brendan Ahern, Alibaba’s big shakeup could be followed by its Chinese tech peers. “I think investors are saying what we saw in Alibaba, really the leader in Chinese technology, that their plans can be used by others,” Ahern said, […]

  • 62% of Americans live paycheck to paycheck amid inflation

    As the cost of living remains high, 62% of Americans now say they live paycheck to paycheck, according to a recent report. More people have found part-time jobs to make ends meet, the report said. Now is also a good time to make some major changes to your spending and savings plan, says one expert. […]

  • stocks, news, earnings and data

    29 minutes ago European stock markets open higher European stocks were higher early Monday, with the Stoxx 600 index up 0.5% at 8:20 a.m. London time. Oil and gas stocks were up 1.44%, mining stocks were up 1.36% and banks continued to regain some positive momentum, rising 1.2%. See chart… Stoxx 600 index. An hour […]

  • Bank stress brings US closer to recession

    Recent banking turmoil could push the US closer to recession, Minneapolis Fed president Neel Kashkari said in an interview with CBS’ “Face The Nation.” “What is unclear to us is how much of this banking stress leads to a widespread credit crunch,” he said. “What’s unclear to us is how much of this bank stress […]

  • China is a ‘relative safe haven’ in the face of banking stress

    Citi economists said: “We have long debated our view that China could be an important growth hedge this year – recent global banking tensions may have reinforced this proposition.” The People’s Bank of China’s decision to cut the required reserve ratio showed “reassurance of policy support amid global volatility,” Citi economists wrote. Aerial view of […]

  • Janet Yellen changed the mood – again

    U.S. Treasury Secretary Janet Yellen testifies before a subcommittee on March 23, 2023 in Washington, DC. Alex Wang | Getty Images News | 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 […]

  • California bill seeks to ban red dye No. 3

    Editor’s Note: Get inspired by a weekly roundup about living well, made simple. Sign up for CNN’s Life, But Better newsletter for information and resources designed to improve your well-being. CNN — Some chemicals linked to health problems are banned in foods in the European Union, while the United States has allowed use at safe […]

  • Asian markets are largely down as investors weigh Yellen’s comments about banks

    5 hours ago Finance Minister Yellen says emergency measures to support banks could be used again if necessary Treasury Secretary Janet Yellen said Thursday that federal emergency measures used to hold back clients of Silicon Valley Bank and Signature Bank could be used again if necessary. “We have used important tools to act quickly to […]

  • American banking supervisors criticized in the European Union after SVB collapse

    Regulators and officials across the European Union are nervous about potential contagion to their banking sector following the recent turmoil in the United States. However, they believe the US should learn from some of the regulatory work that has been introduced in the euro area. Basel III is a series of reforms that strengthen supervision […]