News

'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants

Switzerland's new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors.

China's commercial property segment is seeing some bright spots amid a slump in the wider realty sector

China's commercial property sector is seeing pockets of demand amid an overall real estate slump.

The 'supercore' inflation measure shows Fed may have a real problem on its hands

Bringing down inflation is being frustrated by sticky services prices. Experts say the Fed may have a meaningful problem on its hands.

Fed wants more confidence that inflation is moving toward 2% target, meeting minutes indicate

The Fed released the minutes from its March meeting.

New York Community Bank’s online arm is paying the nation’s highest interest rate

NYCB raised the rate offered via its online arm My Banking Direct to 5.55%, higher than any other U.S. savings account, weeks after needing a capital infusion.

China needs a narrative that house prices are going to rise, Nomura's Koo says

China needs to convince people that home prices are on their way up in order for growth to pick up, said Richard Koo, chief economist at Nomura.

Goldman Sachs money manager: Be selective with small caps because prices ‘can go down with great velocity'

Goldman Sachs recommends a careful approach to investing in small-cap stocks.

Jamie Dimon says AI may be as impactful on humanity as printing press, electricity and computers

In his letter to shareholders released Monday, JPMorgan Chase CEO Jamie Dimon chose AI as the first topic among issues facing the biggest U.S. bank by assets.

Yellen says U.S. plans to ‘underscore’ need for China to shift policy

U.S. Treasury Secretary Janet Yellen wrapped up the fourth and final full day of her trip to China on Monday.

Ripple CEO predicts crypto market will double in size to $5 trillion by the end of 2024

Ripple CEO Brad Garlinghouse said he expects the entire value of the crypto market to double this year.

New ETF looks to profit from municipal bonds

BondBloxx aims to maximize after-tax returns with its new ETF, the IR+M Tax-Aware Short Duration ETF (TAXX).

Fed Governor Bowman says additional rate hike could be needed if inflation stays high

Bowman said that it's possible more hikes could be needed, rather than the cuts the market is expecting.
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