News

Why hundreds of U.S. banks may be at risk of failure

Of about 4,000 banks, 282 banks face threats from commercial real estate and higher interest rates, according to a study by Klaros Group.

NYCB shares jump after new CEO gives two-year plan for 'clear path to profitability'

CEO Joseph Otting took over NYCB in April after an investor group led by former Treasury Secretary Steven Mnuchin injected more than $1 billion into the lender.

Bitcoin nosedives below $57,000 to two-month low ahead of U.S. Fed decision

Bitcoin dropped as low as $56,757.93, falling below $57,000 for the first time since Feb. 28, according to data from CoinGecko.

New Calamos ETF promises ‘100% downside protection.’ Here's how it works

“There’s no tricks. There’s no magic. This is the secret sauce,” Calamos Investments’ Matt Kaufman said.

Stocks making the biggest moves after hours: Amazon, Starbucks, Pinterest, Advanced Micro Devices and more

These are the stocks posting the largest moves in extended trading.

This is the level where the 10-year Treasury yield becomes a 'clear problem' for stocks, Goldman study shows

Goldman said that when the 10-year Treasury yield hits 5%, the correlation between bond yields and stocks turns negative.

HSBC beats expectations in first quarter earnings; Group CEO Noel Quinn to retire

HSBC has approved a first interim dividend of 10 cents per share, as well as a special dividend of 21 cents per share.

Musk makes surprise visit to Beijing as Tesla's China-made cars pass data security rules

Local authorities removed restrictions on Tesla cars after the company passed China's data security requirements, the automaker said Sunday.

‘This is a unique time’: ARK Invest’s chief futurist tackles tech innovation from AI to robotics

ARK Invest's chief futurist Brett Winton lists five groups in the heart of tech innovation.

Miami is 'ground zero' for climate risk. People are moving to the area and building there anyway

Miami is undergoing a boom despite a high vulnerability to sea level rise, floods and more intense storms. Residents may face financial hardship.

Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says

Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.

Chinese EV start-ups Nio and Xpeng turn to the mass market for growth

Chinese electric car start-ups Nio and Xpeng are turning to a lower-priced segment of the market with plans to release newly-branded cars this year.
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