Michael Barr (L), Vice Chair for Supervision at the Federal Reserve and Martin Gruenberg, Chair of the Federal Deposit Insurance Corporation (FDIC), testify about recent bank failures during a US Senate Committee on Banking, House and Urban Affairs hearing on Capitol Hill in Washington, DC, May 18, 2023. (Photo by SAUL LOEB / AFP) (Photo…
Indicted FTX founder Sam Bankman-Fried leaves the United States Courthouse in New York City, July 26, 2023. Amr Alfiky | Reuters Federal prosecutors dropped a campaign finance charge against Sam Bankman-Fried, the second time that they have narrowed the indictment against the founder of crypto exchange FTX . Prosecutors told Judge Lewis Kaplan on Wednesday…
[The stream is slated to start at 8:45 a.m. ET. Please refresh the page if you do not see a player above at that time.] European Central Bank President Christine Lagarde is due to give a press conference following the bank’s latest monetary policy decision. It announced a new rate increase of a quarter percentage point,…
Singapore’s United Overseas Bank is expecting “some upside” in interest income in the next quarter, after the U.S. Federal Reserve announced a fresh rate hike overnight. UOB’s core net profit jumped 35% to 1.5 billion Singapore dollars ($1.13 billion) in the second quarter from a year ago. Its net interest income for the quarter grew…
The BlackRock logo is displayed at their headquarters on November 14, 2022 in New York City. BlackRock and Saudi Arabia’s sovereign wealth fund signed an agreement to jointly explore infrastructure projects in the Middle East. Leonardo Munoz | Getty Images BlackRock has joined forces with the financial services arm of India’s tycoon Mukesh Ambani in…
It’s vital for investors to manage risk right now no matter where interest rates go, according to CME Group CEO Terry Duffy. “Everybody that I’ve talked to over the last year has been dead wrong when it comes to what the Fed was going to do,” Duffy told CNBC’s “Fast Money” on Wednesday. “It’s really…
Meta headquarters in Menlo Park, California, US, on Thursday, July 21, 2022. David Paul Morris | Bloomberg | Getty Images Check out the companies making headlines after the bell: Meta Platforms – Shares of Meta Platforms jumped nearly 6% on stronger-than-expected quarterly results. The social media company issued optimistic sales guidance for the third quarter…
Market Movers rounded up the best reactions from investors and analysts on Alphabet . The pros, including Jim Cramer , discussed the megacap tech company as it jumped 5.8%. Alphabet reported second-quarter earnings Tuesday after the bell. The company beat on the top and bottom lines, posting earnings of $1.44 per share, compared to analysts’…
U.S. Federal Reserve Board Chairman Jerome Powell speaks during a news conference following a meeting of the Federal Open Market Committee (FOMC) at the headquarters of the Federal Reserve on June 14, 2023 in Washington, DC. Drew Angerer | Getty Images News | Getty Images This is a comparison of Wednesday’s Federal Open Market Committee statement with the…
Atlanta Braves fans can now own a stake in the baseball team as it became Major League Baseball’s only publicly-traded franchise. The four-time World Series champion began trading under the ticker BATRA on the Nasdaq last week after its official split from Liberty Media Corp. Top executives rang the opening bell at the exchange Wednesday…
