News

Bitcoin hits fresh record high above $71,000 as UK opens the door to crypto exchange-traded products

The move from U.K. regulators comes after the U.S. Securities and Exchange Commission approved the first-ever spot bitcoin exchange-traded funds.

China's annual parliamentary meeting has ended. Here are the key takeaways

For the first time in decades, China's premier did not host a press conference at the end of the annual parliamentary meeting, known as the "Two Sessions."

China's housing minister says real estate developers must go bankrupt if necessary

China's struggling property developers won't be getting a major bailout, authorities indicated, warning that those who "harm the interests of the masses" will be punished.

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.
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