News

DOJ opens investigation into Alaska Airlines incident of door panel blowing out midair, WSJ says

The newspaper said investigators have contacted passengers, pilots and flight attendants on the flight where a section of the plane ripped off midair.

President Biden signs $460 billion spending bill to avert a partial government shutdown

On Friday, the Senate had voted 75 to 22 to approve the package after the House passed it earlier this week.

Mega-cap tech stocks dominate many ESG funds. Here’s why

The top holdings of many ESG funds may be surprisingly familiar.

China is making it much easier for foreigners to use mobile pay

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 says the Fed is 'not far' from the point of cutting interest rates

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

Bailing on the stock market during volatility is a ‘loser’s game,' financial advisor says. Here's why

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

Watch Fed Chair Powell testify live before Senate Banking Committee

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

Watch: ECB President Christine Lagarde speaks after rate decision

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

NYCB says it lost 7% of deposits in the past month, slashes dividend to 1 cent

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.

Stock market bubble? Analysts explain why they're not worried

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.

Why private equity has been involved in every recent bank deal

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

New York Community Bancorp tumbles 40% and is halted as troubled bank reportedly seeking cash infusion

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