News

Foreign visitors to China can now spend up to $2,000 a year using the mobile app Alipay without having to register their ID, up from the previous limit of $500.

Powell on Thursday indicated that interest rate cuts may not be too far off, if inflation signals cooperate.

Getting out of the stock market during periods of volatility may feel safer. But the math suggests investors often sacrifice big returns.

Powell is back Thursday on Capitol Hill, offering to the Senate Banking Committee his second day of congressionally mandated testimony.

European Central Bank President Christine Lagarde is giving a press conference following the bank's latest monetary policy decision.

NYCB had $77.2 billion in deposits as of March 5, NYCB said in an investor presentation tied to the capital raise, down from $83 billion it had as of Feb. 5.

Despite the heavy concentration of the U.S. market rally in expensive AI-focused tech stocks, Wall Street is not yet in bubble territory, analysts suggest.

New York Community Bank's $1 billion-plus capital raise is the latest example of private equity players coming to rescue a regional bank.

The regional bank stock has been under pressure this year after disclosing potential losses in its loan book.

The rule passed in a 3-2 vote but is watered down from the initial version proposed in March 2022.

Federal Reserve Chairman Jerome Powell appears Wednesday before the House Financial Services Committee.

Powell said policymakers remain attentive to the risks that inflation poses and don't want to ease up too quickly.