News

Federal Reserve says 23 biggest banks weathered severe recession scenario in stress test

Begun in the aftermath of the 2008 financial crisis, the Fed's annual stress test dictates how much capital the industry can return to shareholders.

Stocks making the biggest moves midday: Pinterest, Carnival, General Mills, Netflix and more

These are some of the stocks posting the largest midday moves.

Powell says more 'restriction' is coming, including possibility of hikes at consecutive meetings

Powell spoke at a European Central Bank monetary policy forum in Sintra, Portugal.

Watch Fed Chair Jerome Powell speak live at a policy forum in Portugal

Joining Powell are ECB President Christine Lagarde, Bank of England Governor Andrew Bailey and Bank of Japan Governor Kazuo Ueda.

Stocks making the biggest moves before the bell: General Mills, Nvidia, AMD and more

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

ECB chief economist warns markets against pricing in rate cuts within the next two years

European Central Bank Chief Economist Philip Lane on Tuesday warned markets against pricing in cuts to interest rates within the next two years.

Term life insurance is often best, financial advisors say — but most people buy another kind

There are two broad categories of life insurance: term and permanent. Most people buy the latter, data shows, which doesn't jibe with advisors' suggestion.

Stocks making the biggest moves midday: Lordstown Motors, Walgreens Boots Alliance, Delta and more

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

Wise shares spike 18% as higher interest rates help fintech triple profits

Wise said in a statement to the stock market that its profit before tax nearly tripled to £146.5 million ($186.5 million).

Stocks making the biggest premarket moves: Walgreens, Kellogg, Eli Lilly, Delta and more

These are the stocks posting the largest moves in the premarket.

A U.S. recession is coming this year, HSBC warns — with Europe to follow in 2024

The U.S. will enter a downturn in the fourth quarter, followed by a "year of contraction and a European recession in 2024," according to HSBC Asset Management.

Malaysia's sovereign wealth fund seeks greater portfolio resilience in volatile markets

Khazanah invested more than half its portfolio in public markets in 2022 and more than doubled its net profit last year compared to the year before.
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