Economy – Page 58 – ReportWire

Bank execs and regulators failed to hedge risks prior to fallout: Brookings’ Aaron Klein

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Aaron Klein, senior fellow in economic studies at the Brookings Institution, and...

Finance2 years ago

Stock market today: Asian shares turn lower after China economic data weaker than expected

[ad_1] Asian shares were mostly higher on Tuesday even though the latest data showed China’s economy is weaker than expected, with domestic demand failing to bounce...

World News2 years ago

Official: China recovery faces pressure after April activity weaker than expected

[ad_1] An official says China’s economic recovery faces pressure from sluggish consumer and export demand Commuters walk across an intersection during the morning rush hour in...

World News2 years ago

China’s economic data misses expectations as economy continues to show uneven recovery

[ad_1] YANGZHOU, CHINA – MAY 02: Aerial view of tourists visiting the Dongguan street during the May Day holiday on May 2, 2023. Vcg | Visual...

Banking2 years ago

There probably won’t be any rate decreases from the Fed this year, BNP Paribas says

[ad_1] George Sun of the investment bank says, however, that "all bets are off" if there are problems in regional banks and credit conditions worsen. [ad_2]...

World News2 years ago

Treasury Secretary Yellen reaffirms U.S. could run out of money to pay bills by early June

[ad_1] U.S. Treasury Secretary Janet Yellen and Ukraine Prime Minister Denys Shmyhal speak to the press after holding a bilateral meeting at the U.S. Treasury Department...

Banking2 years ago

Chicago Fed President Austan Goolsbee: Rate hikes effects still in the pipeline

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email CNBC’s Steve Liesman sits down with Chicago Fed President Austan Goolsbee on...

Finance2 years ago

Macron vows to build back factories, boost France’s economy shaken by pension protests

[ad_1] DUNKIRK, France — Building factories to boost job creation and make France more independent — that’s President Emmanuel Macron’s ambition for the French economy. It’s...

World News2 years ago

As Turkey heads to the polls, currency traders are bracing for absolute chaos

[ad_1] Turkish flag over a DenizBank building. Turkey is expected to head to the polls on Sunday. Ismail Ferdous | Bloomberg | Getty Images The Turkish...

Finance2 years ago

G7 finance leaders vow to contain inflation, strengthen supply chains but avoid mention of China

[ad_1] NIIGATA, Japan — The Group of Seven’s top financial leaders united Saturday in their support for Ukraine and their determination to enforce sanctions against Russia...

World News2 years ago

U.S. can avoid default in July if Treasury can make it through June cash crunch, Congressional Budget Office says

[ad_1] People walk and ride bicycles past the US Capitol in Washington, DC, on May 11, 2023. Jim Watson | AFP | Getty Images WASHINGTON —...

Banking2 years ago

Regional banking crisis is attracting deposits for digital services, says Truist’s Andrew Jeffrey

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Andrew Jeffrey, managing director of fintech software research at Truist, joins ‘The...

Breaking News2 years ago

Inflation falls to level not seen since 2021 as jobless claims rise

[ad_1] Inflation falls to level not seen since 2021 as jobless claims rise – CBS News Watch CBS News Inflation is down to 4.9% – its...

Banking2 years ago

Big banks will pay for the FDIC’s special assessment fee, says FDIC board member Rohit Chopra

[ad_1] ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Rohit Chopra, FDIC Board of Directors member, joins ‘Closing Bell Overtime’ to...

World News2 years ago

Adidas to sell some Yeezy merchandise, donate proceeds

[ad_1] Millions of Yeezy brand shoes worth $1.3bn are in storage as their sale was halted when Adidas cut ties with Kanye West. Adidas will sell...

Banking2 years ago

Americans are spending big with credit cards. Here’s what that means for the possibility of a recession

[ad_1] Economists have been forecasting a recession for months, and that looming downturn is one of the most anticipated in U.S. history. But it’s not yet...

US News2 years ago

5/11: CBS News Mornings

[ad_1] 5/11: CBS News Mornings – CBS News Watch CBS News Title 42, the pandemic-era border policy, ends today; drop in commercial property values could impact...

Banking2 years ago

Jamie Dimon warns panic will overtake markets as U.S. approaches debt default

[ad_1] JPMorgan Chase and Company President and CEO Jamie Dimon testifies before a Senate Banking, Housing, and Urban Affairs hearing on “Annual Oversight of the Nation’s...

World News2 years ago

Bank of England hikes rates by 25 basis points, no longer sees recession

[ad_1] LONDON — The Bank of England on Thursday hiked interest rates by 25 basis points and revised its economic projections to now exclude the possibility...

World News2 years ago

UK raises interest rates to highest level since 2008

[ad_1] The quarter of a percentage point rise to 4.5 was expected, but the 12th increase in a row brings concerns. The Bank of England has...