The financier and philanthropist, who in 1992 staged an all-out attack on sterling that earned him a billion dollars in 24 hours, hands over control of his business to his son Alexander
The 37-year-old, who goes by Alex, told ‘The Wall Street Journal’ that he is ‘more political’ than his 92-year-old father, who has been a right-wing target for his backing of liberal causes such as reducing racial bias in the justice system
Without a political agreement between the Republicans and Democrats, the risk of default looms large, while shocks are guaranteed across the global market. Financial experts are advising clients to buy gold and keep cash on hand
Stocks fell sharply Tuesday, led downward by smaller banks with heavy exposure to uninsured deposits and commercial banks like Western Alliance Bank, PacWest Bancorp, Comerica and Zions Bank
Coke said its revenue rose 5% to $11 billion for the January-March period
The CEO of BlackRock, the largest money-management firm in the world, talks to EL PAÍS about the U.S. banking crisis, rate rises and why he’s a believer in bitcoin
Traders are betting on a roughly 70% probability the Federal Reserve will raise its key overnight interest rate in May by 0.25 percentage points
Stocks of oil producers jumped after Saudi Arabia and other major oil producers said they’ll cut production by 1.15 million barrels per day from May until the end of the year
Investors have been hunting for what banks could be next to fall as the system creaks under the pressure of much higher interest rates
The Fed can either keep hiking interest rates to drive down inflation, or it can ease off the increases given the pain it’s already caused for banks
Industry experts predict it could become even harder for people of color to secure funding or a financial home supporting their startups
Yellen is the first Biden administration official to face lawmakers over the decision to protect uninsured money at two failed regional banks in California and New York
Following the Credit Suisse crisis, analysts are divided on whether the central bank will follow through on plans to raise rates by 0.5 points or reduce it to 0.25
Credit Suisse has been fighting troubles for years, including losses it took from the 2021 collapse of investment firm Archegos Capital
The 2008 financial crisis unleashed a political realignment that rejected perceived elites and establishment figures
The president’s words of assurance come after the swift and stunning collapse of two banks prompted fears of a broader upheaval
The Treasury Department, Federal Reserve and FDIC said Sunday that all Silicon Valley Bank clients will be protected
Companies all over the world are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday
The second-biggest bank failure happened after depositors began withdrawing their money creating a run on the bank.
Stocks are coming off a sharp drop the prior day after the head of the Federal Reserve warned it could speed up its hikes to interest rates if pressure on inflation stays high
Wall Street had already been convincing itself that higher rates than earlier thought were on the way and that the Fed may even possibly go back to larger rate increases following last month’s data reports
While investors pursue AI stocks, it’s too early to tell who has lasting power
For a few weeks in late January and early February, the economy seemed to have reached a rare sweet spot. Then something went wrong
The stock market has found some footing over the last week after a roller-coaster start to the year where a swift rise gave way to a sharp tumble
Macy’s on Thursday lifted investors with a relatively positive outlook on profit for this year
Critics say ESG investments allocate money based on political agendas, such as a drive against climate change, rather than on earning the best returns for savers
A number of major retailers, Target, Walmart and Home Depot among them, have issued weaker financial outlooks for 2023 in a challenging economic environment for Americans
