European Central Bank (ECB) President Christine Lagarde announces a new monetary policy decision. Frederick Florin | Afp | Getty Images The euro traded higher against the U.S. dollar Wednesday, following comments from the European Central Bank President Christine Lagarde that inflation is “still high.” The euro was up by roughly 0.2% against the U.S. currency … Read more
U.K. inflation data paints a picture of the British economy. Bloomberg / Contributor / Getty Images U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast among economists in a Refinitiv … Read more
Investors have been flocking to gold and Treasurys as bank stocks have been whacked by the shuttering of Silicon Valley Bank and Credit Suisse’s implosion. Sven Hoppe | Picture Alliance | Getty Images Gold prices have more room to run as global banks struggle and the U.S. Federal Reserve renders another interest rate decision, potentially … Read more
Finland has been named the happiest country in the world — again. The Nordic country topped the “World Happiness Report 2023,” published this week by the United Nations Sustainable Development Solutions Network, which measures factors such as income, mental and physical health and societal generosity. According to the report: “Finland continues to occupy the top … Read more
Hong Kong has been named the most expensive location in Asia for business travelers — for the second year in a row, according to a new report. ECA International’s latest Daily Rates research ranked countries based on costs for short trip expenses: four-star hotel rooms, meals, laundry, alcoholic and soft drinks, journeys by taxi and … Read more
A sign is posted on the exterior of a First Republic Bank office on March 16, 2023 in San Francisco, California. Justin Sullivan | Getty Images Major bank chief executives are gathering in Washington for a two-day scheduled meeting starting on Tuesday, with the future of First Republic Bank to be discussed, sources familiar with … Read more
U.S. President Joe Biden delivers remarks during a reception celebrating Nowruz in the East Room at the White House in Washington, March 20, 2023. Kevin Lamarque | Reuters Fees on concert tickets, air fares, hotels and other so-called junk fees cost Americans tens of billions of dollars every year, often obscuring the full price of … Read more
Federal Reserve Chair Jerome H. Powell testifies before a U.S. Senate Banking, Housing, and Urban Affairs Committee hearing on “The Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., March 7, 2023. Kevin Lamarque | Reuters The Federal Reserve is expected to raise interest rates Wednesday by a quarter point, but … Read more
[The stream is slated to start at 10 a.m. ET. Please refresh the page if you do not see a player above at that time.] Treasury Secretary Janet Yellen was scheduled to speak Tuesday morning to the American Bankers Association conference in Washington, D.C. related investing news Top analyst Betsy Graseck says get defensive with … Read more
A vehicle charges a Tesla Supercharging station in Corte Madera, California, US, on Thursday, March 2, 2023. David Paul Morris | Bloomberg | Getty Images Check out the companies making the biggest moves in premarket trading: Tesla — The electric vehicle maker rose 2% after Moody’s assigned it a Baa3 rating and removed its junk-rated … Read more